Asda has announced that it will be knocking 4 pence per litre off fuel for three days this weekend meaning unleaded prices drop below the £1 mark to 99.7 pence per litre.
The news follows the Chancellor of the Exchequer George Osborne freezing fuel duty in his Autumn Statement earlier this week.
Asda President & CEO Andy Clarke had urged the Chancellor to continue with the freeze instead of the anticipated yearly fuel duty rises in line with inflation from April 2016. Feedback from Asda Mums indicates that any future increases would put pressure on household finances.
In the latest Mumdex report, complied ahead of the Autumn Statement, Asda mums made it clear what the Government needs to focus on to take pressure off household incomes including, imposing a limit on energy and utility prices and increasing the personal tax allowance, along with a continued freeze on fuel duty.
Effective from Friday 27th November until Sunday 29th November, motorists will benefit from cheaper fuel prices throughout the weekend as unleaded falls to a new record six year low.
Asda will revert back on Monday to 103.7ppl on unleaded and 106.7 ppl on diesel.
Asda President and CEO, Andy Clarke said: “The Chancellor’s freeze on fuel duty is what our customers were hoping for but it doesn’t look like it will be long lived. We’re adding a further boost by investing in a three day fuel price drop meaning drivers can now benefit from fuel as low as 99.7ppl in the crucial run-up to the festive period.
“We’d urge the chancellor to continue with a freeze on fuel duty to help maintain discretionary income levels for families rather than going ahead with an anticipated inflationary rise from April next year. Our commitment is to keep prices as low as possible for drivers and we’d ask the Chancellor to do the same”