The cheapest petrol and diesel rates in Coventry as gas prices soar across EuropeRussia's decision to pull the plug on gas exports to Poland and Bulgaria is set to hit cash-strapped motorists hard at the pumps. Gas prices across Europe are said to have surged as much as 24% today (April 27).
And wholesale oil costs are expected to rise as a result, meaning further hikes for petrol and diesel at UK forecourts. The gas strike from Vladimir Putin, after both Poland and Bulgaria refused to pay for their supplies in Russian rubles, is set to exacerbate forecourt 'profiteering' in Britain.
Howard Cox, founder of FairFuelUK, said: "The UK's shameful fuel supply chain businesses must be held to scrutiny and ordered to pass on oil and wholesale price falls immediately at the pumps. The combination of failing to pass on these price drops is blatant profiteering and must be investigated by the Competition and Market Authority.
"Above all, the Chancellor and Transport Minister should put FairFuelUK's long time call for an independent pump pricing watchdog, PumpWatch, in place now." Petrol and diesel prices have soared across Coventry and Warwickshire, as they have elsewhere in the country.
Costco in Torrington Avenue, Canley, continues to offer the cheapest petrol and diesel in the city by some distance, according to the website petrolprices.com. But its rates of 149.7p per litre and 165.9p per litre, for petrol and diesel respectively (as of April 26), are only open to members.
In terms of open-to-all forecourts, which have updated their rates on petrolprices.com on or since April 25, it's Asda in Brade Drive, Walsgrave, that leads the way on 158.7p, as of April 25. The city's next cheapest petrol was sold for 159.9p, as of April 25, at the Pace (Cromwell Garage) in Torrington Avenue.
The Texaco in Hinckley Road, Walsgrave, sold for the same value, as of April 25, as did the the BP, also in Hinckley Road, on the same date. In terms of diesel, and Coventry filling stations that have updated their prices on or since April 25, it's Morrison's in Skipworth Road, Binley, and Asda in Walsgrave that jointly come out on top at 170.7p.
The Morrison's rate was correct as of April 27, and the Asda charge was right as of April 25. Three Coventry stations were selling diesel at 173.9p on or after April 25. They were Tesco in Clifford Bridge Drive, Walsgrave, Texaco in Hinckley Road and BP in Hinckley Road.