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You can find the current article at its original source at https://www.theguardian.com/money/2016/nov/14/asda-and-tesco-cut-up-to-three-pence-off-petrol-and-diesel-prices
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| Asda and Tesco cut up to three pence off petrol and diesel prices Asda and Tesco cut up to three pence off petrol and diesel prices | |
| (about 5 hours later) | |
| Tesco and Asda have cut up to three pence a litre off fuel prices, bringing relief to drivers after several months of price hikes. | Tesco and Asda have cut up to three pence a litre off fuel prices, bringing relief to drivers after several months of price hikes. |
| Asda was the first of the supermarkets to announce a price cut, with a national cap meaning motorists will be charged no more than 110.7 pence a litre (ppl) for unleaded and 112.7 ppl for diesel at its 294 filling stations from Tuesday. | Asda was the first of the supermarkets to announce a price cut, with a national cap meaning motorists will be charged no more than 110.7 pence a litre (ppl) for unleaded and 112.7 ppl for diesel at its 294 filling stations from Tuesday. |
| Tesco’s price cut at its 500 filling stations comes into effect from Monday afternoon. | Tesco’s price cut at its 500 filling stations comes into effect from Monday afternoon. |
| Government figures show that average fuel prices have reached their highest level since July last year, with motorists being charged 116.6 ppl for petrol and 119 ppl for diesel. | Government figures show that average fuel prices have reached their highest level since July last year, with motorists being charged 116.6 ppl for petrol and 119 ppl for diesel. |
| Prices have risen in recent months following a sharp fall in sterling’s value in the wake of the EU referendum. | Prices have risen in recent months following a sharp fall in sterling’s value in the wake of the EU referendum. |
| The RAC said that although the reduction in pump prices was “clearly good news”, it has come far too late, given that the wholesale price of fuel has been falling along with oil prices since the end of October. | The RAC said that although the reduction in pump prices was “clearly good news”, it has come far too late, given that the wholesale price of fuel has been falling along with oil prices since the end of October. |
| Simon Williams, the motoring organisation’s fuel spokesman, said: “Retailers should have reduced their prices then rather than making one bigger headline-grabbing cut now. | Simon Williams, the motoring organisation’s fuel spokesman, said: “Retailers should have reduced their prices then rather than making one bigger headline-grabbing cut now. |
| “This will sadly undermine motorists’ trust in fuel retailers and it’s hard not to see it as them taking advantage of the current climate, which has led people to think that higher fuel prices are an inevitability simply because of the weaker pound and talk of the rising cost of goods. | “This will sadly undermine motorists’ trust in fuel retailers and it’s hard not to see it as them taking advantage of the current climate, which has led people to think that higher fuel prices are an inevitability simply because of the weaker pound and talk of the rising cost of goods. |
| “In fact there is still scope to reduce pump prices further.” | “In fact there is still scope to reduce pump prices further.” |
| The AA’s president, Edmund King, said the price drop would “take some of the sting out of the high pump prices”. | The AA’s president, Edmund King, said the price drop would “take some of the sting out of the high pump prices”. |
| He added, however, that “yo-yo oil prices mean that we may see costs reverse yet again.” | He added, however, that “yo-yo oil prices mean that we may see costs reverse yet again.” |
| Tesco’s fuel director, Peter Cattell, said: “With the busy festive season just around the corner, we know many of our customers will be starting to prepare for the big day. So to provide a little extra help we’re cutting the cost of petrol and diesel by up to three pence per litre at all of our 500 filling stations.” | Tesco’s fuel director, Peter Cattell, said: “With the busy festive season just around the corner, we know many of our customers will be starting to prepare for the big day. So to provide a little extra help we’re cutting the cost of petrol and diesel by up to three pence per litre at all of our 500 filling stations.” |
| Asda’s senior director for petrol, Andy Peake, said: “Asda is once again leading the way in reducing the price at the pumps to help the millions of motorists across the UK. | Asda’s senior director for petrol, Andy Peake, said: “Asda is once again leading the way in reducing the price at the pumps to help the millions of motorists across the UK. |
| “Our new national price cap … will be welcomed by the millions of drivers who have seen fuel prices rise since Brexit.” | “Our new national price cap … will be welcomed by the millions of drivers who have seen fuel prices rise since Brexit.” |