High prices at the pumps mean it's becoming ever more important to see where is offering the best prices. Nottinghamshire Live looked at petrolprices.co.uk for the five cheapest places to buy fuel in Nottingham today.
Oil prices surged immediately after Russia’s invasion of Ukraine but declined earlier this month, leading to a cut in wholesale costs for fuel retailers. The wholesale cost of oil makes up 33% of the price you pay at the pump with the cost of ethanol - which is used to 'dilute the fuel' adding another 7%. The oil company delivering the fuel takes 1% - meaning the retailer makes around 8% profit on every litre sold - with the rest going in fuel duty and VAT.
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