Petrol Under £1 A Litre For First Time Since 2009

ASDA have announced they are setting petrol prices to under £1 per litre, for the first time since 2009, with other supermarkets soon to follow.

Drivers filling up at any of Asda will only pay 99.7 pence per litre on unleaded and 103.7 pence per litre on diesel across the weekend

ASDA saying this “…follows Asda’s commitment to invest £26m in savings throughout the festive period. Following the news that the Chancellor held off a price increase on fuel duty, Asda has today (Friday 27th November) announced that it will give its customers a seasonal boost on top of the freeze by investing in an exclusive three-day price drop, knocking 4 pence per litre off fuel, meaning unleaded prices drop below the £1 mark to 99.7 pence per litre.”

Asda will revert back on Monday to a market leading price of 103.7p on unleaded and 106.7 ppl on diesel.

Last week saw Morrisons offer a deal with lower pricing, but was linked to an in store spend of £40.

Asda President and CEO, Andy Clarke said: “The Chancellor’s freeze on fuel duty is what our customers were hoping for. We’re adding a further boost by investing in a three day fuel price drop meaning drivers can now benefit from fuel as low as 99.7ppl in the crucial run-up to the festive period. We’d urge the chancellor to continue with a freeze on fuel duty in the March Budget to help maintain discretionary income levels for families.”

Usually other supermarkets respond to price cuts, with ‘price wars’ breaking out, so other deals could emerge over the coming days.