Fuel Prices 'Head For Highest Level Ever'

Motorists have been warned that petrol prices may soon reach their highest level ever.

The AA said sterling's slide and market speculation could push prices to record levels by Easter.

The warning comes as tanker drivers at the Grangemouth refinery, which supplies Scotland, Northern Ireland and northern England, begin a three-day strike in a row over pay and pensions.

On Friday striking drivers manned a picket line outside the big facility, with police officers monitoring events.

After surging 5p a litre over a month, the price of petrol at the pumps has gone up a further 1p in the last five days, the AA said.

It revealed that the average cost of petrol in the UK is now 138.32p per litre, with diesel having risen 4.78p from its mid-January price to stand at an average of 145.10p.

The picket line outside Grangemouth oil refinery on Friday

The latest figures show that petrol has risen 6.24p since early January, adding £3.12 to the cost of refilling a typical 50-litre tank.

The AA said filling up the 70-litre tank of a Ford Mondeo now costs £4.37 more than it did six weeks ago.

A two-car family's monthly petrol cost has risen £13.25 with the current price surge.

It added that drivers have been caught between the pound weakening against the dollar and soaring wholesale prices, both due to stock market speculation.

Regionally, Yorkshire and Humberside and the north of England are the cheapest for petrol at the moment at 137.6p a litre, with prices in London and Scotland at an average of 137.8p. Northern Ireland is the most expensive at 138.7p.

Yorkshire and Humberside remains the cheapest region for diesel, averaging 144.2p, while East Anglia, Northern Ireland and southeast England are the most expensive at 145.2p.

AA president Edmund King said: "This latest surge in fuel prices and its impact on spending indicates that UK drivers and families can't take any more.

Petrol price breakdown over the past decade

"We're no longer talking of the motorist as a cash cow for tax and speculator greed, but a horse slowly but surely being flogged to death.

"This is the third 10p-a-litre wholesale price surge in 11 months, given extra vigour by currency speculators betting against the pound."

Government revenue from fuel duty has also been hit hard as Britons reduce spending by cutting back on non-essential journeys.

HM Revenue and Customs figures showed that January's UK petrol sales fell to the lowest tracked by the Government in 23 years.

Drivers consumed 1.465 billion litres of petrol last month, down 14 million litres on the previous all-time low set in March last year and nearly 100 million litres below December's consumption of 1.564bn litres.

Anda sedang membaca artikel tentang

Fuel Prices 'Head For Highest Level Ever'

Dengan url

http://cobaagains.blogspot.com/2013/02/fuel-prices-head-for-highest-level-ever.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Fuel Prices 'Head For Highest Level Ever'

namun jangan lupa untuk meletakkan link

Fuel Prices 'Head For Highest Level Ever'

sebagai sumbernya