The Automobile Association (AA) has reported that petrol prices in the UK are once again on the rise, the price per litre at petrol stations across the country has already risen by 4p in the last month, to mid March.
But the AA warn that prices will increase further and we may see a record high during April, possibly hitting £1.24p per litre just after the Easter break.
The AA warns motorists;
“Soaring wholesale prices, an increase in duty on 1 April and the end of the subsidy for biofuel producers could push the cost of petrol close to £1.24 a litre just after Easter.”
Petrol prices have risen from £1.1210 per litre in mid February to £1.1609 per liter in mid March. Diesel prices rose to £1.1687 a litre, up from £1.1384 a month ago.
The increase in fuel prices will have a knock on effect with businesses likely to pass the increase on to consumers as logistics companies are unlikely to be able to absorb the increase.
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