Petrol price plummets by a hefty 34p a litre
FUEL prices in Derbyshire have fallen by more than a quarter in the last six months, figures have revealed.
Unleaded petrol is now 34 pence per litre cheaper than it was at the height of the fuel price hike in the summer.
And figures also show that the cost of diesel is down by 33 pence per litre.
However, the AA said motorists should enjoy the lower fuel prices because it was difficult to predict how long they would last.
Spokesman Luke Bosdet said: "There are two factors that will affect what happens in the coming months. Historically, fuel prices tend to rise in the spring when more of the American public get in their cars and start driving more.
"However, the recession will work against that and help push prices down. It is difficult to predict but we are telling people to enjoy the current low prices because there is no guarantee that they will last."
During the summer, unleaded petrol in Derby was at a high of 116.9 pence a litre and diesel was at 127.9 pence a litre.
The most expensive spot then for fuel was the WR Filling Station, at Ashbourne Road, in Mackworth.
However, that station is now selling unleaded at 93 pence per litre and diesel at 104 pence per litre.
The lowest price today for unleaded petrol in the county is 82.9 pence a litre. Tesco filling stations in Derby are selling at that price, as is the Sainsbury's store in Ripley and several Shell garages, including the one on the A52 at Ockbrook.
The lowest diesel price is 94.9 pence a litre.
Mr Bosdet said the worldwide recession had led to falling demand for crude oil, sparking off the reduction in fuel prices.
He said another factor had been the aggressive competition between supermarkets and other outlets.
"When a supermarket like Tesco reduces its prices, this has an impact because it is such a big retailer."
A spokesman for the Petrol Retailers' Association said: "People tend to use their cars a lot more during the summer, so that could push prices up. However, with the current economic situation we're not sure what will happen."
11 Comments
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by KEVIN, derby
Monday, January 05 2009, 2:53PM
“derv gets taxd as much and more than petrol/ do like me and run on gas and i dont mean LPG”
by Mel, Derby
Monday, January 05 2009, 2:37PM
“Why is diesel more expensive than petrol. I understood that diesel was a by-product of the manufacture of petrol. But thank god it's less than £1 per litre again now!”
by KEVIN, derby
Monday, January 05 2009, 2:01PM
“i know you'll all be glad to hear that the cost of crude oil has gone up to $47 a barrel. so here's to the next fuel price hikes”
by Chris, Derby
Monday, January 05 2009, 11:44AM
“Thanks Jo, I suspected as much. Tesco seem to treat Derby customers with complete disinterest. Sounds as though, the same as customers everywhere. Worthless offers as I also found when not redeeming vouchers within time on my Tesco Club card.”
by Steve, Derby
Monday, January 05 2009, 11:27AM
“Just wait for Brown to smack a whopping 5p a litre on now. What Brown doesn't care about is that this minor reduction is light relief from sky high domestic fuel bills which haven't come down, despite initially 'being linked to oil prices' (but I'm willing to bet that the companies will be falling over themselves to cut prices after the cold snap we've had this winter, making out that they're doing us a favour).”