Asda has slashed its fuel prices amid accusations that some supermarkets have kept the cost artificially high in recent weeks
In terms of diesel, RAC said prices had been reduced only by 4p per litre since the all-time highs in July but supermarkets needed to reduce them by another 6p per litre in order to bring the average price down to 189p per litre.
RAC fuel spokesman Simon Williams said Asda cutting its prices to an average of 174p per litre for unleaded and 185p per litre for diesel should now cause other retailers to reduce their prices. However, he criticised the move for being "too late" because motorists have been losing out for weeks.He said: "This is good news for drivers as it will cause other retailers to reduce their prices, but it comes too late as the wholesale price of petrol has fallen significantly over the last seven weeks.
"This means hard-pressed motorists have been losing out while retailers enjoyed 20p-a-litre margins - much higher than normal."He 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."
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