Petrol prices recorded a new five year low last week
The price of petrol in Northern Ireland remains low after reaching its cheapest price in five years last week.
Forecourt fuel pumps were recording an average of 124.2p per litre for petrol last week, the lowest level since May 2021. Prices this week are up very slightly, but remain low at an average of 124.3p per litre.
Petrol prices vary depending on location around Northern Ireland and even between retailers. The price is made up of several factors, including when fuel was purchased by retailers and the volume bought at a given price.
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This week, the Consumer Council’s Fuel Price Checker shows Newtownabbey is the cheapest place to fill up at the pumps, for both petrol and diesel. Petrol prices here are an average of 122.4p per litre (1.9p below the regional average). Diesel prices in the area are an average of 128.4p per litre (3.6p below average).
The most expensive place in Northern Ireland for petrol this week is Strabane, where the average is 126.9p per litre (2.6p above the Northern Ireland average). For diesel, Newry has the most expensive prices, with the average price of one litre coming in at 135.9p (3.9p above average).
The highest recorded average prices for fuel were in June 2022, following the Russian invasion of Ukraine, at 189.9 per litre for petrol and 197.5 per litre for diesel.
On February 2, the UK Government launched their Fuel Finder Scheme which means that forecourts across the UK must submit their pricing information and notify within 30 minutes of any price change at the pump.
Commenting on the Fuel Finder Scheme, Head of Transport Policy at the Consumer Council, Michelle Kelly, said: “We welcome this open data scheme which is a significant extension of the type of transparency the Consumer Council has sought to create for Northern Ireland consumers through our Fuel Price Checker.”
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