A petrol price war has broken out on supermarket forecourts following Sainsbury's announcement that customers would not be charged more than 129.9p for a litre of unleaded.
Within hours of Sainsbury's announcing their price cut, Asda hit back by slashing the price of a litre of unleaded to 128.7p across all 233 of its nationwide filling stations.
The price cuts, which are effective from today, follow calls for retailers to reduce petrol costs for motorists following a drop in the price of crude oil as the threat of military action in Syria eased.
Diesel will cost 135.6p per litre at Asda and 136.9p per litre at Sainsbury's.
Tesco cut the price of its fuel by 2p per litre on Monday; however, it is now offering a voucher which slashes the price of petrol by 5p per litre to any shopper who spends more than £50 in store.
Richard Crampton, Sainsbury's head of fuels, said: "Fuel is a big part of the weekly budget for many households so we hope this cut will be welcomed by drivers across Britain."
Asda's petrol trading director Andy Peake said: "Our prices are the lowest they have been all year and our national price cap on fuel benefits everyone across the country, meaning that no-one filling up at Asda is forced to pay a premium for their fuel because of where they live."
The move has been welcomed by the AA. A spokesman said: "It should turn what has been, up to now, a phoney fuel price war into one that means something to hard-pressed drivers."
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