Supermarket fuel price war not going far enough

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Asda has fired the latest salvo in the supermarket fuel price war, by cutting the price of a litre of fuel by up to 2p today. It means that Asda petrol is capped at 134,7p a litre and diesel at 139.7p. The other supermarkets quickly followed their example with cuts of their own.

The ongoing battle for the cheapest fuel makes it feel like we're getting a great deal, and the ruinous price of petrol is coming back under control. However the experts warn that this is all a mirage. The price of petrol at the pump should in fact be far lower.