Petrol and diesel prices: Asda unveils major change to fuel stations as it slashes prices

Motorists looking to fill up will pay an average of £1.74 per liter for unleaded and £1.85 for a liter of diesel.

The latest price reduction follows a cut of four pence per litre earlier in the week.

This means the supermarket has reduced fuel prices by 9p on unleaded and 7p on diesel since the start of the week.

Commenting on the move, Luke Bosdet, AA’s fuel price spokesperson, said it was good news for drivers.

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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.”

He did, however, acknowledge that it was “too late” for motorists who have not seen prices reduced at the pumps.

This is despite the wholesale price of petrol falling for the past seven weeks.

There are still calls from many industry experts for a further cut to fuel duty to help drivers manage the cost of living crisis.

The then-Chancellor Rishi Sunak announced a reduction of five pence to fuel duty during his Spring Statement.

However, this did little to lower prices, with prices of petrol and diesel soon rising again.

Drivers saw the all-time peak prices at the beginning of July, with petrol reaching 191p per liter and diesel just 1p short of hitting the £2 mark.

Nadhim Zahawi, the current Chancellor, has said “nothing is off the table”, with many looking at his Autumn Budget as the chance to cut it further.

Morrisons have also announced further price cuts to be unveiled on Saturday.

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