Petrol joy for car insurance owners

Friday, 09 July 2010

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Car insurance customers will welcome the news that Asda and Morrisons have entered into a price war on fuel, with the former dropping its prices to 112.9p a litre yesterday (July 8th) to become the cheapest fuel provider in the country.

The announcement comes shortly after Morrisons announced that it would lower the price of petrol by GBP0.01 per litre and diesel by GBP0.02 per litre.

"Our long-standing commitment to British drivers means everyone benefits from our low prices," said David Miles, commercial director of Asda.

"Let's hope other petrol retailers don't penalise people who aren't lucky enough to live near an Asda, as so often is the case."

However, AA head of road safety Andrew Howard warned that the benefits to car insurance customers may be felt more strongly in the north than the south, as the supermarket giants have more outlets there.

The government is also considering a fuel duty stabiliser that would protect motorists against significant rises in the price of oil.

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