Apparently this morning Asda have cut the price of fuel at their pumps. They’ve chopped 2p off per litre of petrol and 1p off the price of diesel.

After the earlier rise this month in duty thanks to the Government this is good to see. Hopefully the other supermarkets will follow the lead.

Today the price of petrol and diesel went up by 2p, thanks to our Government. They say the rise is essential to support the public finances.

With VAT included the real rise is 2.3p. This now brings the average cost for petrol to £1.05. The VAT rate is also due to return back to 17.5% from its current 15% in January 2010, this will push up the cost further. Global oil prices could also rise over the coming months as global economies continue to recover, pushing up the price at the pumps even more.

The prices seen at the start of 2009, around 85p per litre, are now long gone and it looks like they won’t be returning.

How To Avoid The Rising Cost
If you are short of time read the 5 tips below. Or if you want to save upto £480 per year read every single tip on the main Save Petrol website. Even if you have read them before it is good to jog your memory and make sure you are putting the tips into action.

Here are 5 very simple, and quick tips you can put into action right away. They can save you quite a bit of money (more than just the 2p rise!):

• When coasting up to traffic lights don’t put the car into neutral, keep it in gear
• Make sure you are in the right gear, engines work most efficiently between 1,500 and 2,500 RPM.
• Avoid high speeds on motorways, drag increases rapidly over 70mph so fuel consumption suffers significantly
• Avoid short journeys altogether if you can, walk or get on your bike
• A cold engine uses twice as much fuel as a warm one, so for the first few minutes drive very carefully

For lots more tips don’t forget to also visit the main Save Petrol website where there is currently 19 tips available absolutely free.

Today Asda has lowered its petrol prices to 90.9p which will no doubt lead the other supermarkets to do the same. This is the lowest petrol has cost since April 2007!

The price of diesel has also been reduced to 105.9p per litre, it is good to see the gap between petrol and diesel is now small and not a silly void.

Over the past month fuel has fallen by a record amount. Average UK pump prices dropped from 106.4p per litre in mid October to 94.86p per litre in mid November.

Very good news, may the lower prices continue!

Original Article: msn

When petrol was ridiculously priced over 120p per litre and diesel seemed like it was gonna steam over 200p per litre at one point I did wonder when the end would come! Thank god the price of oil has nearly halved since we saw record high prices at the pumps.

At the silly prices it felt like all money was going on fuel, I litreally felt sick when I put £40 of petrol in a Ford Fiesta! Now the lowest price in my area for unleaded is 94.9p (106.9p for diesel) which I can live with. It should still be much lower but at least it has came down significantly. With Mr Credit Crunch doing his best to hurt all of us another drop in fuel prices would definitely be welcome.

This price drop isn’t gonna suddenly make me start driving more, but at least it will mean a few more pennies in the bank at the end of the month!

The AA is anticipating a 4p drop for petrol prices and a 6p drop for diesel prices in coming weeks. This is due to oil dropping back below the $100 a barrel mark.

Over the past month petrol prices have fell by just 0.25p and diesel prices by 1.32p, despite the price of oil falling. The lower oil price should soon filter through to the forecourts and we should see significant drops very soon (in coming weeks).

Fingers crossed!

This morning I reported on Asda dropping the price of petrol and diesel. Well a few hours later it looks like the other supermarkets have followed by dropping prices by exactly the same amount, 2p per litre off unleaded and 4p per litre off diesel. You can read more in this press assosciation article: http://ukpress.google.com/article/ALeqM5j6mECcMTv4YhEH9d53ppsFlYb47Q

The supermarket price war on fuel continues! Today Asda has cut petrol and diesel prices by 2p and 4p. Unleaded petrol has fallen to 111.9p per litre and diesel has dropped to 124.9p per litre.

The price changes have taken effect across the UK. This fall follows the cut of 3p on both diesel and petrol which happened last week. The other major supermarkes always act fast by dropping their prices so we will have to see how much by this time!

You can read more on our main sites updates page.

The scare of a shortage of fuel after the walkout at Grangemouth oil refinery has sent prices even higher. A forecourt reported on BBC news that its sales where up 15% due to people panic buying. The price of petrol is getting beyond peoples means and doesn’t look set to drop below £1.00 ever again! Will the damn price of petrol ever stop rising?

The Office of National Statistics (ONS) have released a report saying that rising fuel costs are to blame for inflation running at its highest level since June last year. Average petrol prices rose by 1.3p in January 2008 to 103.9p per litre, compared with a fall of 0.8p in January 2007.

You can read more about inflation on the ONS website, here is the inflation page: http://www.statistics.gov.uk/CCI/nugget.asp?ID=19