AA fear on petrol prices

Petrol prices will reach record levels this year, according to research by the AA.

The organisation says unleaded fuel could soon cost 1.20 a litre or more and urged Alistair Darling to delay the introduction of a planned 3p increase in petrol duty due to come in on April 1.

AA President Edmund King said: “The UK is barely out of recession, yet petrol prices threaten to rise to record prices seen during the boom of 2008 – shortly before the collapse into recession. If families, drivers on fixed incomes and those on low pay were unable to cope with record prices then, they are even less likely now.”

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The average petrol price in the UK is 115.9p for a litre of unleaded and 116.6p for a litre of diesel, according to www.petrolprices.com.

The AA said the expected price increases were caused by the rise in wholesale petrol prices.

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