Petrol stations always seem to be raising their prices.
Well, Asda has announced it is cutting the price of its petrol by 2p a litre for petrol and 3p a litre for diesel.
The price slash will affect all its 322 fuel stations today, meaning no-one filling up will pay more than 121.7p a litre for unleaded petrol or 125.7 a litre for diesel, reports the Mirror.
Asda's Dave Tyrer said: "With wholesale costs falling and half term just around the corner, we’re pleased to be able lower the cost of fuel and pass these savings onto our customers."
Not to be out-done Sainsbury's then announced that it, too, would be knocking 3p a litre from diesel prices and 2p a litre from petrol across its 314 forecourts from Saturday.
The supermarket then added customers can also collect Nectar points every time they fill up - one point on every litre purchased.
Sainsbury’s David Pegg said: "We are committed to helping our customers live well for less, whether they’re stocking up on groceries or refuelling their cars."
Currently we've not heard about cuts from Tesco and Morrisons, but if past form is anything to go by, they will announce them before the end of the day.
Earlier this week, the RAC claimed retailers should reflect a drop in the wholesale cost of petrol by reducing prices by 7p per litre.
Oil has been trading at around 60 US dollars a barrel since the beginning of the month, falling at one point to 58 US dollars.
This has caused the wholesale cost of petrol to fall steadily since October 7.
RAC's Simon Williams said: "Drivers are losing out badly, paying around 7p a litre more for petrol than they should be.
"This means a driver filling up a 55-litre family car is paying £3.85 too much.
"For some reason, in the last year or so our biggest retailers haven't been as transparent with their pricing as they have been in the past, which means motorists all over the country lose out as a result of them taking more margin than they have previously."
