Asda this week announced it would be dropping the price of petrol to around 127p per litre and diesel to around 132p per litre.
Other supermarkets, including Sainsbury’s and Teco, have announced they will follow suit, leading to cuts of up to 14p per litre since April.
Asda says it is the lowest drivers will be paying for fuel since February 2011 and is a welcome relief for drivers in the UK, who could see a £10 reduction in a tank of fuel for a car such as the new 2012 Ford Focus or Vauxhall Astra.
Asda’s petrol trading director Andy Peake said: “After a weekend of falling oil prices and fading hopes of an England victory at the Euros, our petrol price cut will bring a smile back to the nation’s faces.”
Petrol and diesel prices are a sore point for many UK motorists amid rising road costs. Car makers have offered their own solutions to the rising cost of UK fuel.
These include the introduction of hybrid cars such as the Citroen DS5 and electric cars including the Vauxhall Ampera and Renault Twizy two-seater.
However, even conventional cars such as the Ford Focus and Vauxhall Astra now offer eco-friendly versions in both diesel and petrol variation.
These can offer CO2 emissions as low as 99g/km – meaning free road tax in the UK – and fuel economy over 60mpg in the small family hatchbacks.
The low prices are expected to continue this week as the supermarket price war continues, leaving many motorists with an opportunity to fill their car up for the least amount of money they will have paid for over a year.
For more information on fuel-efficient cars, visit your nearest Perrys dealership.