The supermarket chain Asda has revealed that it is to cut its petrol prices to the lowest level since February, possibly sparking another petrol price war between the major supermarkets.

Drivers who fill up at Asda will be paying a maximum of 128.7p for a litre of unleaded fuel and 136.7 for diesel in their 192 stations in the UK. This is compared to the prices of Tesco (133.6p), Morrisons (132.5p) and Sainsburys (133.1p). The price drop came after an Asda spokesperson said that 'The cuts in petrol prices will come as a welcome boost to families around the UK ahead of the weekend'

Petrol prices elsewhere still remain relatively high, despite the 5% increase in the value of the pound against the dollar recently, however the price of Brent crude oil has increased also from $105 a barrel to $111. Any slight movement in the value of the pound or the price of crude oil could see petrol prices soar to a record high of 150p a litre, and so Asda's move to slash prices will come as a relief for car owners in the short term.

Jeremy Walton, Asda's head of petrol trading, revealed: 'We are committed to doing everything we can to help lower the cost of living for our customers, and today's move shows that Asda is once again leading the way in reducing the price at the pump"

Despite this, a spokesperson from Sainsburys also yesterday revealed that they would be cutting most fuel costs by up to 2p a litre. The question on most motorists' minds would be whether the other supermarkets will follow suit and start a price war with the fuel costs. This would of course help families and motorists across the country to cut costs from their everyday lives when travelling.