Asda cuts fuel prices by 5p a litre as diesel hits record high
Asda cuts fuel prices by 5p a litre as diesel hits record high

Asda has reintroduced a fuel saving offer that gives drivers 5p off per litre of both petrol and diesel, as UK diesel prices hit a record high of nearly £2 a litre. The average price for diesel currently stands at 199.18p per litre, according to the RAC's latest fuel price checker.

The offer is available to customers who spend £40 or more in store. Those who meet the minimum spend will automatically receive a voucher in their Asda Rewards app.

How the offer works

The promotion runs from September 23 to October 14, with the voucher valid until October 31. It is available at 262 participating Asda and Asda Express petrol stations.

For drivers filling a typical 60-litre family car, the offer could save up to £3 per fill-up. Asda has brought back the deal as family budgets come under growing pressure from rising living costs.

Household spending power slows

Asda's monthly Income Tracker, which measures how much money households have left after paying taxes and essential bills, showed spending power growth slowed to 3.4% last month – the weakest level since March.

Rachel Eyre, Chief Customer Officer at Asda, said: “The weekly shop and the cost of filling up the car are two of the biggest everyday expenses for many households. Customers told us how much they valued this Rewards offer when we ran it earlier this year. We're pleased to bring it back as part of our continued investment to help keep the cost of feeding and fuelling the family down.”

Chancellor responds to fuel prices

Chancellor John Healey has said he is “concerned” as diesel prices in the UK hit a record high. He told ITV News: “It’s something I’m concerned about and people have seen the diesel and petrol prices rising over recent months.

“They’ve seen us put in place a Fuel Finder so people can find out the cheapest price on the forecourts around them. “They’ve seen us put in place a freeze on any rise in diesel (duty) until the end of the year.”

Asked whether he will consider extending the current 5p cut in fuel duty beyond the end of this year, the Chancellor said he will announce that decision in the Budget on October 28. He said: “I’m conscious of the pressure this is putting on people, on businesses as well as people at the pumps, and this is a government that will do what we can to give people a bit of breathing space. But those are decisions that I will make in the round at the Budget when I announce it in a month.”