Supermarkets cut fuel prices by 2p per litre

A Tesco Extra petrol station, Bristol. PRESS ASSOCIATION Photo. Picture date: Tuesday January, 6, 2015. Photo credit should read: Ben Birchall/PA Wire
A Tesco Extra petrol station, Bristol. PRESS ASSOCIATION Photo. Picture date: Tuesday January, 6, 2015. Photo credit should read: Ben Birchall/PA Wire

A new price war has broken out at the pumps as competing supermarkets slash the cost of petrol and diesel by 2p per litre, after wholesale prices took a dive.

According to the Telegraph, it all kicked off yesterday when Asda dropped its fuel price cap by 2p so that its customers wouldn't have to pay more than 111.7p per litre.

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