Stock image(Image: PA)
The price of petrol at forecourt fuel pumps in Northern Ireland has reached a new five-year low this week.
The Consumer Council said prices are now at their lowest level since May 2021. After a period of relative stability over the last 12 months, petrol has fallen to 124.2p per litre this week. Diesel remains unchanged at 131.9p.
The highest recorded average prices were in June 2022, following the Russian invasion of Ukraine, at 189.9 p/litre for unleaded and 197.5 p/litre for diesel.
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Karen Smyth, Director of Infrastructure and Sustainability at the Consumer Council, said: “The price of petrol and diesel is made up of several factors which may vary from one retailer to another.
“We have always seen a variation in pump prices across Northern Ireland. Price differences often reflect when fuel was purchased by retailers and the volume bought at a given price.”
The Consumer Council tracks forecourt fuel prices across Northern Ireland on a weekly basis and publishes the results on its website every Thursday.
The free online Fuel Price Checker can help you find the highest, lowest, and average prices of petrol and diesel in your area, to ensure you get the best value when topping up your tank.
On February 2, the UK Government launched their Fuel Finder Scheme which means 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.”
Consumers can continue to check the petrol and diesel prices in their area using the Consumer Council’s online Fuel Price Checker.
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