Ruth Mitchell

Member Article

Petrol and diesel hit highest ever prices

Business commuters from across the region have been hit by another hammer blow as petrol and diesel prices reached their highest-ever levels.

On Friday Diesel climbed to an average of 133.26p a litre and unleaded soared to 128.62p.

Prices have leapt by nearly ten per cent in the past two months.

Motorists spend £12million a day more on fuel than a year ago and it costs nearly £75 to fill a typical 55-litre tank.

AA president Edmund King said: “Hitting a new record for diesel is yet another milestone along a road of misery for drivers.”

Experts warned last week that prices could go even higher after oil hit $99 a barrel on fears the tension in Egypt will spill across the rest of north Africa.

The high price means BP and Shell will post combined quarterly profits of £6billion next week.

Brian Madderson, head of RMI Petrol Retailers Association, said: “Motorists are really struggling and I fear we still have some way to go.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .

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