Asda has announced a new national price cap following the latest reductions in wholesale costs on unleaded and diesel – it’s second such announcement in two weeks.

From tomorrow (Tuesday, September 24) drivers filling up at any of Asda’s 223 forecourts will pay no more than 131.7ppl on unleaded and 137.7ppl on diesel.

The company recently emerged as the UK’s favourite petrol retailer following research on 1500 consumers by Market Force Information. And, according to a study by the Centre for Economics and Business Research (CEBR) the average family could save up to £45 a year by filling up at Asda.

Andy Peake, Asda’s petrol trading director, said: "We’re proud to be voted the UK’s Favourite Petrol Retailer. Our customers recognise that we offer lower-priced fuel week in week out. Our national price cap on fuel benefits everyone across the country, meaning that no-one filling up at Asda is forced to pay a premium for their fuel because of where they live. The recent OFT report highlights what our customers have known for some time, when Asda comes to town petrol prices tumble."