Asda and Sainsbury’s cut petrol prices

Supermarkets Asda and Sainsbury’s are cutting the price of their fuel.

Both retail giants said they would be reducing the price of their petrol and diesel by 1p a litre from tomorrow.

In Asda’s case, this means its petrol will fall to 119.7p a litre and its diesel will be 123.7p a litre.

Asda said this was the first time its petrol had dipped under 120p a litre in four years.

With international oil prices plunging, supermarkets have steadily reduced pump prices over recent weeks.
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