The price of fuel at the pumps has fallen to a three-year low, according to AA figures.

As of yesterday, the UK average petrol price was 129.12p a litre – the lowest since February 23 2011 – while the average diesel price was 133.55p a litre, the lowest since February 6 2011. AA public affairs head Paul Watters said: “Asda triggered something of a supermarket price war on Tuesday, which was enough to send average UK pump prices to their lowest for more than three years. ”

A year ago, petrol (137.33p) and diesel (141.62p) were more than 8p a litre more expensive. For a typical 55-litre fuel tank, drivers are £4.40 better off.”

But he added that the UK was still lagging behind most of Europe when it came to falls in prices.

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