Asda is cutting petrol prices at its forecourts, charging no more than 127.7p a litre for petrol and no more than 132.7p a litre for diesel.
The supermarket, which said this is the lowest price for a litre of fuel since February 2011, will be making the price cuts at its 196 filling stations from Tuesday.
This latest cut will mean that Asda has taken 14p off the cost of a litre of fuel since the end of April - cutting down the cost of filling up a family vehicle by nearly £10.
With these reductions in place, drivers who maximise their fuel capabilities by using ajourney planner can save a considerable amount of cash over time.
Sainsbury's has also said it is also planning to cut down fuel prices, with petrol and diesel set to be "up to 2p per litre" cheaper from Tuesday.
Elsewhere, Tesco is also dropping prices by up to 2p a litre as the supermarket forecourts compete.
Asda's petrol trading director Andy Peake said: "After a weekend of falling oil prices and fading hopes of an England victory at the Euros, our petrol price cut will bring a smile back to the nation's faces."
Copyright Press Association 2012