Supermarket cuts petrol prices

Sarah Coles
Asda ptrol pump
Asda ptrol pump

There's extraordinarily good news at the pumps this morning, because Asda has dropped the price of petrol by 2p to 133.9p per litre, and the price of diesel by 1p to 138p per litre. Petrol is now around 5p cheaper at Asda than the national average, and diesel around 4p cheaper.

So why has Asda cut the price, and will the other retailers follow suit?