Petrol Prices Are Set To Rise Again
Petrol Prices Are Set To Rise Again
Petrol prices are set to rise again, hitting a record 1.22 a litre which is going to be a shock to bank balances across the country, not to mention car insurance customers who have to use their car as part of their daily life. The AA have accused oil and petrol companies and retailers of profiteering and not transferring their savings to us, the consumer at a time of year that is tough on everyone's budgets.
On average, a gallon of fuel now costs the consumer over 5.50, with filling up the average family vehicle costing us over sixty pounds.
The AA said "Average UK petrol prices have hit a new record. The latest price revealed yesterday from Thursday's fuel receipts is 121.76p a litre.'
At the beginning of 2010 there was uproar as the average price per litre soared to 109.88p per litre, but the new prices are costing a two car family, which is the national average, an extra 25 pounds a month, something the majority of us can ill afford.
Fuel prices are set to rise in January 2011, and with VAT being raised to twenty percent, the cost of motoring will not be reducing.
Edmund King said Our only hope is that either oil and fuel markets settle back down or the pound strengthens against the dollar. Until then, it is an even more uncomfortable ride for families trying to keep their cars on the road.'
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