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Asda fuel cut could spark supermarket price war

Asda is reducing the price of its petrol by up to 2p a litre. Credit: PA

Asda could spark a supermarket price war by cutting the cost of its fuel.

From tomorrow, Asda is reducing the price of its petrol by up to 2p a litre, with diesel coming down 1p a litre.

This means that drivers filling up at Asda will pay no more than 124.7p a litre for petrol and 128.7p for diesel - the lowest prices since January 2011.

Asda petrol director Andy Peake said: "It now costs £6 less than last summer to fill up a family car with fuel, meaning we're putting much-needed cash back in drivers' pockets for those bank holiday ice-creams."