Petrol prices rising at record rate - Tank of fuel rises a record £3 in a month

Petrol prices rising at record rate - Tank of fuel rises a record £3 in a month ; Motorists suffered the biggest-ever leap in the price of petrol this month, with the cost of filling up rising by £3.07 in just 30 days. Between mid-December and mid-January, average petrol prices rose by 6.13p a litre to a record 128.27, while diesel prices went up 6.56p a litre – from 126.19 to 132.75.

The previous highest monthly petrol price increase was 5.6p a litre in June 2008. The Automobile Association said the monthly fuel bill for an average two-car family had rocketed by £34 in just a year.

The AA said: ‘A 0.76p a litre increase in fuel duty on January 1 and VAT rising to 20 per cent, adding around 2.5p more to the pump price, accounted for the lion’s share of the latest increase.

‘Every day has been a record for petrol prices since December 10.’

Compared to a year ago, petrol costs 16.3p a litre more and diesel 18.98p more. Filling a 50-litre tank has risen by £8.15 for petrol and £9.49 for diesel.

At present, the cheapest petrol is to be found in Yorkshire and Humberside (averaging 127.3p a litre), while the dearest is in Northern Ireland (129.1p).

Yorkshire and Humberside also has the cheapest diesel (at an average of 131.9p a litre) while the most expensive can be found in Wales and Northern Ireland (both 133.5p a litre) Asda is the supermarket offering the cheapest petrol (125.36p a litre), followed by Morrisons and Sainsbury's.

AA president Edmund King said: ‘The huge fall in petrol sales shows that many drivers cannot afford to fill up. Sooner or later, politicians will have to face reality – more and more drivers cannot afford these prices.’ For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post: