Saturday, 28 May 2016

Petrol prices rocket as drivers head off on holiday with the average cost leaping to £110 just in time for summer


Petrol prices have risen to their highest level in eight months, just as drivers head off for Bank Holiday and half-term breaks
Petrol prices have risen to their highest level in eight months, just as drivers head off for Bank Holiday and half-term breaks.
Many supermarkets were selling unleaded at just over £1 a litre as recently as March, but the price has leapt to £1.10 and is set rise further through the summer.
It is the first time the average price has been this high since September.
Prices are lower across Europe, with figures collated for the Post Office showing they range from 80p a litre for unleaded in Andorra to £1.05 in France.

Petrol prices have risen to their highest level in eight months, just as drivers head off for Bank Holiday and half-term breaks
The gap is partly explained by exorbitant fuel duty in Britain, but there will be suspicions that retailers are boosting profits as people go on holiday.
There are also concerns that, with a slight improvement in crude oil prices, the industry is quick to push up pump prices.

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