before you vote either way this is cheapest its been since feb 2007
Thursday 18th December, 2008
ASDA DELIVERS HOLIDAY CHEER FOR CHRISTMAS TRAVELLERS
New prices of 85.9pp on petrol and 97.9ppl for diesel
ASDA has delivered an early Christmas present to Britain's motorists as they start to head off for the festive holidays - another cut in petrol prices.
Petrol will be down to 85.9p a litre and diesel 97.9ppl from tomorrow.
The move means a typical driver is now saving £17.60 each time they fill up - and with the AA predicting 11% of drivers will notch up more than 100 miles visiting family and friends this Christmas it will be a welcome saving.*
The new prices are the lowest they have been for almost two years and means drivers are ending 2008 with much more in their pockets following the summer's rocketing prices.
The move also flies in the face of predictions that petrol prices will start to rise again following Opec's decision to cut oil production yesterday.
ASDA trading director Darren Blackhurst said: "Despite the decision to slash supply, this has yet to have an effect on the market and means we are able to drop prices again.
"Our marketing-leading petrol prices are now at a 22-month low following 14 consecutive cuts. We are committed to delivering the best prices this Christmas and this will be a festive boost to cash-strapped customers."
Opec, which produces 40% of the world's oil, yesterday announced it would cut supplies in a bid to boost oil prices from about $40 a barrel to $75. The price per barrel had reached a high of $147 in July.
ASDA's new prices will be effective at all of its 173 forecourts from tomorrow morning (Friday, December 19).
Petrol was last at 85.9ppl in February 2007.
* Figure based on an average 55 litre tank and based on the reduction from a summer high of 117.9ppl for unleaded petrol versus tomorrow's 85.9ppl