Petrol Costs Reach Record High, Says BBC News Online

Posted on March 16, 2012 by Poundy

Personal Loans News - Petrol Costs record high

The average price of unleaded petrol has rocketed to a new peak at 137.44p per litre, BBC News Online discovered this week.

Average diesel prices too are exceeding the all-time high, reaching 144.67p per litre.

The culprit is rising oil prices, which have hiked up recently due to “tensions over Iran’s nuclear plans and unrest in the region,” the article said.

“This new record for petrol and diesel just confirms what every family and business knows,” says AA President Edmund King. “Fuel prices are hurting them badly and there seems no stopping them.”

“The AA has asked the chancellor to do what he can to protect the UK economy from fuel market volatility and record high prices which are stemming growth.”

“There is no more give in family and business budgets despite them cutting back on fuel purchase and other spending so they can get to work and go about their business.”

A survey by the Countryside Alliance shows that diesel prices, on average, are 4p higher in rural areas than in urban areas.

The organisation stated that cars were developing into an “unaffordable necessity” for many rural dwellers.

BBC News Online is the most popular news website in the UK, receiving about 14 million unique visitors each week. Read the original article here.

 

Poundy

Poundy

Old-fashioned in nature but sophisticated in thinking, Poundy is happy to offer his words of wisdom to anybody interested in Pounds to Pocket — behind the shapely moustache lies an abundance of knowledge.

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