ASDA has announced that it is to charge only 99.7pence per litre for unleaded fuel over the weekend only following the news that the Chancellor has so far held off a price increase on fuel duty.

The supermarket chain petrol stations, including the one at the Penryn store, will be  knocking 4 pence per litre off fuel from today until Sunday, meaning unleaded prices drop below the £1 mark to 99.7 pence per litre.

Asda President & CEO Andy Clarke had urged the Chancellor to continue with the freeze instead of the anticipated yearly fuel duty rises in line with inflation from April 2016.

Effective from Friday 27th November until Sunday 29th November, motorists will benefit from cheaper fuel prices throughout the weekend as unleaded falls to a new record six year low. Asda will revert back on Monday to the price of 103.7ppl on unleaded and 106.7 ppl on diesel.

Asda President and CEO, Andy Clarke said: “The Chancellor’s freeze on fuel duty is what our customers were hoping for but it doesn’t look like it will be long lived. We’re adding a further boost by investing in a three day fuel price drop meaning drivers can now benefit from fuel as low as 99.7ppl in the crucial run-up to the festive period. "We’d urge the chancellor to continue with a freeze on fuel duty to help maintain discretionary income levels for families rather than going ahead with an anticipated inflationary rise from April next year. Our commitment is to keep prices as low as possible for drivers and we’d ask the Chancellor to do the same”

The latest Asda Income Tracker shows that vehicle fuel inflation has dropped -14.1% compared with this time last year with prices at Asda dropping 20p across the same period, saving a family £14 on a full tank of fuel (*based on a 70 litre tank).