Supermarket giant Asda has cut the cost of its fuel to its lowest in two years.
And that means drivers filling up at any Asda filling station will pay no more than 116.7ppl on unleaded and 118.7ppl on diesel, which brings fuel prices down to its lowest since April 2019.
It’s the first time that diesel prices have dropped below the 1.20 mark for nearly 2 years.
Asda Senior Fuel Buyer, Dave Tyrer said: “Once again we’re pleased to be passing on wholesale cost reductions to customers.
It will be a welcomed boost, especially to diesel drivers who are seeing some of the lowest fuel prices since 2018. Anybody filling up at Asda will pay no more than 116.7ppl on unleaded and 118.7ppl on diesel regardless of where they live.”
Luke Bosdet, the AA’s fuel price spokesman said: “Mid-February saw the chunk of the petrol pump price that is directly attributable to the fuel trade grow to its biggest in more than a year.
Stripping out tax and wholesale costs (from two weeks before to allow changes to reach pumps fully) left an 11p surplus for retailers and suppliers – around 2p up on the same time last year.
“This has come as too many forecourts held on to savings from lower wholesale costs feeding through to their pumps. Even when Asda announced its second price cut of the year, a 3p-a-litre reduction on Wednesday, January 29, it took until the following Monday for the UK average to drop just a penny as other retailers squeezed another weekend’s worth of high prices out of consumers.”
Asda has a number of stores throughout North Staffordshire. In April 2018, Stoke-on-Trent City Council approved plans for a petrol station and drive-through restaurant next to its store off Scotia Road, in Tunstall – despite a number of objections from neighbours.
The 24-hour, eight-pump filling station and payment kiosk will create new jobs. The operator of the drive-through restaurant has yet to be revealed and as yet, no building work has taken place.