Costco has won planning permission for its first UK petrol station.

In July exclusively revealed that the US giant had applied for planning permission to build a petrol filling station (PFS) at its Liverpool site.

Liverpool Council has now granted consent for the development, and Costco told an IGD conference it will open a petrol station in the UK “within 12 months”.

Steve Pappas, managing director of Costco UK, told “Costco sells petrol at many of its warehouses in the US and Canada. This would be our first filling station in the UK and the first outside of North America.”

Costco, which has a worldwide turnover of $100bn, is a major player in North America with its discount fuel offer.

It has been the US and Canada’s favourite fuel retailer for the past two years, according to customer intelligence specialist Market Force Information.

The company has 25 depots across England, Scotland and Wales, and has stated in the past that it aims to open around 50 sites across the UK.

Individuals and businesses pay for membership and it aims to provide a range of branded and own label products at the lowest price in the market.

The plans in Liverpool are for a fully automated PFS providing 16 fill positions, which would only sell fuel to Costco members.