G. W. Holmes in Bishop Auckland selling petrol for 129.9p

G. W. Holmes in Etherley Moor, Bishop Auckland, announced the 'price lock' on Facebook, confirming that diesel would be priced at 133.9p per litre, almost nine pence under the national average.

Currently, the UK’s average petrol and diesel prices are 137.7p and 142.4p, respectively.

"Prices locked in, tanks full and all shop staff working hard ensuring all shelves are stocked ready for the week," G. W. Holmes posted on social media.

"Thank you for the continued support from everyone at G. W. Holmes & Son."

The family-owned business has earned recognition as one of the top petrol stations in the area.

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Members of the public on Facebook showed their appreciation of the competitive fuel prices.

Ian Collinson said: "Must be one of the cheapest places for fuel in the UK," while Gareth Powell said the deal was "excellent" in a comment on the petrol station's post.

Janet Hall added: "Best garage in Bishop [Auckland] for price."

While Neil Tomlinson simply said: "Legends."

The RAC is urging retailers to decrease fuel prices to mirror reduced wholesale costs, arguing that average prices should drop from 142p to around 136p per litre for petrol, and from 147p to around 139p per litre for diesel.

It highlighted that the retailer’s margins were 10p per litre for both fuels at the end of August, two pence higher than the usual average.

The national highest petrol price is currently at 173.9p, a 44p difference in price compared to the rate offered by G W Holmes this weekend.

However, the lowest price of petrol in the UK is 106.9p, according to comparison website confused.com.