EVEN though supermarket ASDA will not be “participating” in Black Friday this year, their petrol prices will see a 4p per litre decrease this weekend.
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THE price of a litre of fuel has finally dropped below the £1 mark in Derby – but motorists will have to act fast in order to capitalise. The Walmart-owned grocer said drivers filling up at any of its 273 filling stations across the country will pay only 99.7p per litre for unleaded and 103.7p on diesel across the weekend.
He told the BBC on November 20: “We’ve seen the wholesale price of petrol and diesel drop by a couple of pence recently”.
As one of the original retailers who brought Black Friday from the United States to the UK, Asda said it wouldn’t be taking part in the shopping day sales due to 2014s chaotic and violent outbreaks in its stores.
Asda has today reduced the price of petrol to under £1 a litre – but says it has nothing to do with Black Friday.
Their deal comes after Morrisons dropped their fuel prices to £1-a-litre last Monday.
Following the news that the Chancellor has so far held off a price increase on fuel duty Asda President & CEO Andy Clarke had urged him to continue with the freeze instead of the anticipated yearly fuel duty rises in line with inflation from April 2016.
Play video “Fuel Costs Hitting The Brakes?”
A short while ago, the rand was trading at R14.23 against the U.S. dollar with Brent Crude Oil coming in at $45.69 a barrel.
Russian production is at record levels as it attempts to maximise revenues from losses to income through economic sanctions.
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A warm autumn in both the USA and Europe has also been credited with pegging oil costs down – with a recent note by Goldman Sachs indicating that prices could halve if warmer weather persists in the current market climate.
