UK's Asda drops fuel prices below £1 per litre

British supermarket chain Asda cut its fuel prices to 99.9p (€1.16) per litre today, saying there was “little justification” to charge more than £1 at the pumps.

The price cut was made on petrol and diesel at the company’s 176 forecourts.

Commercial director David Miles said: “There is no justification for any major retailer selling fuel above £1 per litre."

The company said that while diesel prices have previously been higher than petrol, current costs mean that this should no longer be the case.