Asda slashes petrol prices
Asda has reignited the supermarket fuel price war by lowering its petrol prices to 90.9p per litre.
It is the supermarket giant's tenth consecutive cut since July and brings prices to their lowest level since April 2007.
The price of diesel has also been reduced to 105.9p per litre.
With the price of crude oil continuing to fall, other retailers will be under pressure to follow Asda's lead.
The price of a barrel has dropped to barely $50 (£33), from almost $150 (£100) in early July.
Asda trading director Darren Blackhurst said: "With oil prices still falling, there is no need for petrol prices to be so high - it is simply ripping off motorists."
The news comes as the AA revealed that the price of petrol has fallen by a record amount over the past month.
Average UK prices dropped from 106.4p a litre in mid-October to 94.86p a litre in mid-November.
Compared with mid-July, when petrol prices peaked at 119.7p a litre, a tank of petrol now costs £12.42 less.
© Independent Television News Limited 2009. All rights reserved.








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