Supermarket cuts price of petrol

Asda has reduced the price of petrol to its lowest level since February.

The supermarket chain said its 192 filling stations would charge no more than 128.7p a litre for petrol and 136.7p a litre for diesel.

Transport costs includingcar insurance premiums continue to be the main cost pressure on households, according to Asda's income tracker.

It calculates the typical British family is £15 a week worse off than this time last year.

Sainsbury later responded by announcing its intention to cut fuel prices by up to 2p a litre in many of its stores.

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