Petrol price war

Supermarket chains Asda, Morrisons and Tesco have announced that they are cutting the prices they charge for petrol and diesel from Tuesday, in a move likely to spark a price war between major retailers.

Asda’s announcement on Monday ended four consecutive months of rises and was matched by Morrisons and Tesco with Sainsbury’s broadly expected to follow suit and slash prices in the coming days.

Starting from Tuesday, motorists will pay no more than 114.7p per litre for unleaded and 116.7p per litre for diesel at Asda’s 301 filling stations, the retailer said.