Fuel prices have broken new records as a slump in wholesale costs failed to make an impact at the pumps. Figures from data firm Experian Catalist show the average cost of a litre of petrol at UK forecourts last Sunday was 163.5p, while diesel was 173.4p.
A month ago, pump prices were 148.0p per litre for petrol and 151.6p per litre for diesel. Oil prices plummeted last week, leading to a cut in wholesale costs for fuel retailers.
This followed a surge in prices due to supply fears caused by Russia’s invasion of Ukraine. The price per barrel of Brent crude, the most commonly used way of measuring the UK’s oil price, reached 139 US dollars on March 7, which was its highest level in 14 years.
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But the price plummeted to 109 US dollars two days later, and remains around that level. RAC fuel spokesman Simon Williams said the average price of petrol “appears to be on a collision course with £1.65 a litre”.
He went on: “While there will almost certainly be more rises this week, drivers should soon get some respite from pump prices jumping by several pence a litre every day as oil and wholesale prices appear to have settled. The price hikes seen over the weekend are still a result of the oil price rise which began at the start of the month and peaked early last week.
“As the oil price has now fallen back, we should hopefully reach the peak and start to see prices going the other way to reflect the big drop in wholesale costs seen at the end of last week, subject to no further spikes in the barrel price this week.”
With this in mind, we've taken a look at the latest prices of petrol in the pumps across Nottingham.
These prices of petrol per litre on petrolprices.com are accurate as of March 15 morning:
BP Lenton - 148.2p
Morrisons Gamston - 153.7p
Tesco Beeston - 155.9p
BP Daleside Road - 156.9p
Asda Arnold - 156.9p
Morrisons Bulwell - 157.7p
Texaco Hucknall Road - 157.9p
Texaco Beechdale Road - 157.9p
Sainsbury's Arnold - 157.9p
Sainsbury's Beeston - 157.9p
Morrisons Netherfield - 157.9p
Tesco Nottingham Top Valley - 157.9p
Tesco Bulwell - 157.9p
Asda Strelley Road - 158.2p
Shell Huntingdon Street - 158.9p
Texaco Meadow Lane - 158.9p
BP Mansfield Road Daybrook - 158.9p
Tesco Cinderhill - 158.9p
Shell Sherwood Rise - 159.9p
Sainsbury's Melton Road - 159.9p
Esso Nuthall Road - 159.9p
Asda West Bridgford - 160.7p
Sainsbury's Castle Marina - 160.9p
Some of the most expensive petrol stations in Nottingham recorded are:
Esso Clifton Lane - 165.9p
Esso Valley Road Basford - 166.9p
BP Wollaton Vale - 166.9p
Shell Tollerton - 166.9p
Shell Carlton Road - 168.9p
Moto M1 Trowell services - 183.9p
