Morrisons kicked off the latest round in the fuel price wars this week by slashing its petrol and diesel prices by 2p a litre to 109.9p and 121.2p respectively. 

Its rivals were quick to respond, Sainsbury’s also cutting prices by 2p per litre while Asda slashed unleaded petrol and diesel prices by 2p and 3p per litre respectively. “We don’t hide behind average or local pricing and we would encourage our competitors to do the same,” said an Asda spokeswoman.

Tesco, which like Sainsbury’s operates a local rather than national pricing policy, said it would continue to match the lowest prices in the latest round of price cuts on fuel, the third since the beginning of July.