Weakened pound drives up petrol prices
Friday 22 February 2013
The plunging pound and stock-market speculators mean that filling up the tank of a typical car now costs almost a fiver more than just six weeks ago, according to the AA.
After surging 5p a litre in the space of a month, the price of petrol at the pumps has gone up a further 1p in the last five days, the motoring organisation said. It revealed that the average cost of petrol in the UK is now 138.32p a litre, with diesel having risen 4.78p from its mid-January price to stand at an average of 145.10p.
The latest figures show that petrol has risen 6.24p a litre since early January, adding £3.12 to the cost of refilling a typical 50l tank, while filling up the 70l tank of a Ford Mondeo costs £4.37 more. A two-car family's monthly petrol cost has risen £13.25 with the price surge.
Drivers have been caught between a pound weakened against the dollar and soaring wholesale prices, both due to stock-market speculation.
AA president Edmund King said: "We hope the Chancellor spells out clearly in the forthcoming Budget that he can feel the pressure rocketing fuel-price inflation places on families and business, and that he will cancel the September rise if that strain is too great."
Life & Style blogs
Men in tights: getting to the bottom of the latest trend
City traders pay £200 for a quick hangover cure
Stephen Hawking: NHS is Britain's finest public service and must be preserved from commercial interests
The enemy within: People who hear voices in their heads are being encouraged to talk back
Eight-year-old girl Camilla Lisant suggests possible cancer treatment to her scientist father over the dinner table
Stephen Fry explains what he would say if he was 'confronted by God'
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
President Putin is a dangerous psychopath - reason is not going to work with him
Liberal Democrat minister defends comments suggesting immigration causes pub closures
- 1 Three-year-old boy shoots pregnant mother and father in New Mexico
- 2 Stephen Fry explains what he would say if he was 'confronted by God'
- 4 Gorillaz Phase 4: Cartoon supergroup is back as new artwork is unveiled
£15000 - £30000 per annum: Recruitment Genius: Now our rapidly expanding and A...
£15000 - £20000 per annum: Recruitment Genius: Are you passionate about great ...
£20000 - £30000 per annum: Recruitment Genius: This fast growing reinforcing s...
£18000 - £35000 per annum: Recruitment Genius: This fast growing reinforcing s...