Asda has reduced its petrol prices by up to 2p per litre after fuel retailers were accused of not passing on savings from lower wholesale costs.
The supermarket said its new national fuel cap means drivers will pay no more than 122.7p per litre at its 319 filling stations.
It is Asda’s second petrol price reduction in less than two weeks after it reduced its cap by 3p per litre on October 26.
Asda’s senior fuel buyer, Dave Tyrer, said: “Our new national price cap of 122.7p per litre will be welcomed by the millions of drivers across the UK.”
Both petrol and diesel prices have reached a four-year high in recent months.
Over the past six months the cost of filling up a typical 55-litre family car has risen by around £6.
