Asda is to cut the price of its fuel from tomorrow, with rival supermarkets expected to follow soon after.
Unleaded is set to come in at 114.7p per litre, while diesel will fall to 116.7p per litre when the new prices come into effect – a drop of up to 2p per litre.
Simon Williams, RAC fuel spokesman, said: “This is the perfect spring gift for motorists to go with longer days and warmer weather. No doubt other retailers will follow suit and we will see prices on every forecourt come down.
“While this cut may come as a surprise to drivers, as prices at the pump have been going the wrong way for months, it has been on the cards for a couple of weeks – we’re very relieved retailers have acted without any need for outside encouragement.”
The cut comes following a period that saw fuel prices higher than at any point since December 2015. The drop in petrol prices reflects the cost of oil, which has continued to fall.
Williams added: “This should now help to bring prices down on every forecourt from the 120p average for unleaded and 122p for diesel.”
— Asda (@asda) March 13, 2017
Dave Tyrer, Asda head of petrol trading, said: “Today’s latest move shows that 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 of 114.7p per litre on unleaded and 116.7p per litre on diesel will be welcomed by the millions of drivers who have seen fuel prices climb over the last 12 months”.
Morrison’s took to Twitter to say that it would follow suit, telling its followers: “Good news for motorists! From tomorrow morning, we’re dropping the price of our unleaded and diesel by up to 2 pence a litre.”
Good news for motorists! From tomorrow morning, we're dropping the price of our unleaded and diesel by up to 2 pence a litre
— Morrisons News (@MorrisonsNews) March 13, 2017
Roger Fogg, Morrisons services director, said: “We will always aim to drop prices as soon as we can and always keep them far below the UK average.”
Tesco and Sainsbury’s are yet to announce any cuts in the cost of fuel.