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Asda cuts another 1p off petrol

Updated on 02 December 2008

Source PA News

Supermarket chain Asda slashed a further 1p a litre off its fuel prices.

The cost of a litre of petrol is reduced to 88.9p while diesel goes down to 102.9p a litre.

Asda said these were the lowest prices seen at the pumps since March 2007 and would be in operation from Tuesday at all the company's 172 forecourts.

The decrease comes a day after the dip in VAT for fuel was wiped out by the introduction of a delayed Government fuel-duty increase.

Asda trading director Darren Blackhurst said: "We're determined to lower the cost of Christmas for our customers, and that includes making fuel more affordable.

"We have slashed prices yet again despite the pressure of duty rises announced earlier this week.

"World oil costs are continuing to fall, enabling us to make this move.

"However I fear many retailers will use the rise in duty as a smoke screen to profiteer at the expense of motorists."

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