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The first of the big four supermarkets finally cuts petrol and diesel prices to 'help motorists save money'

By Tom Gibson | August 1, 2022

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One of the supermarkets has finally woken up and decided to offer at least some relief to the UK’s motorists, weeks after wholesale prices actually dropped.

The first of the big four supermarkets finally cuts petrol and diesel prices to 'help motorists save money'

In an announcement over the weekend, Asda said it has cut the price of unleaded by 5p per litre and diesel by 3p to ‘help motorists save money’.

Quite where this help was a few weeks ago when they could’ve done exactly the same is unknown. The other major supermarkets continue to choose greed over support.

This reductions means drivers will pay on average £1.74 for a litre of unleaded and £1.85 for diesel when filling up at Asda's 323 petrol stations across the UK.

The reductions mean that Asda has reduced its fuel prices by 9p a litre for unleaded and 7p for diesel since the start of last week.

The announcement came as research showed British motorists are paying higher petrol prices than anywhere else in Europe except Finland.

Prices are at least 20p per litre cheaper in the eurozone’s big four economies of Germany, France, Italy and Spain, while many countries made much bigger cuts to fuel taxes

AA fuel price spokesman Luke Bosdet said: "Asda's price move is impressive, in effect cutting 10p a litre off the UK average price of petrol. That's potentially a fiver off a tank for those filling up this weekend, compared to the artificially-high prices on too many major retailer forecourts and in too many towns."

RAC fuel spokesman Simon Williams said: "This is great news for drivers as it will certainly encourage other retailers around the country to cut their prices.

But in a separate announcement, Williams urged the government to do more to tackle the cost of fuel.

“Compared to other European countries, it’s [the UK Government] pretty much done the least to support drivers through the current period of record high fuel prices.

“The result is the UK being one of the most expensive places to fill up and putting it above other countries that have historically charged more for fuel than UK retailers do, including France and the Netherlands.”

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