Asda starts pump price war
There's a price war going on at the supermarket pumps, and Asda blinked first. It has cut the price of unleaded by 2p a litre, resulting in Tesco, Sainsbury's and Morrisons matching its move.
Asda's move follows a $10 per barrel cut in the price of crude oil, and the company announced the cut, saying that it wanted to pass on the savings. The others said they just wanted to remain competitive.