The Daily Mail reports:
Petrol prices set to rise by 5p a litre by September as wholesale costs soar
By Ray Massey
Last updated at 10:38 PM on 07th August 2009Petrol prices are set to soar by up to 3p a litre at the height of the holiday season this month because of rising wholesale costs, the AA warned today.
But motorists face a double whammy from September 1 when the cash-strapped Government imposes an additional and controversial 2p a litre tax rise at the pumps to swell depleted Treasury coffers - making a 5p a litre rise in total.
Rising prices of oil and an 8 per cent rise in the wholesale cost of fuel - both driven in part by speculators - are blamed for the initial 3p hike which will add £1.50 to the average fill-up.
Pump prices have already risen by a penny over the past fortnight and currently stand at 103.13p a litre for unleaded and 103.87 for diesel.
The 3p a litre price rises now in the pipeline will see fuel at the pumps in excess of 106p a litre.
But Government tax rises will add to the pain felt by Britain's 30 million motorists when Chancellor Alistair Darling imposes another 2p a litre tax hike on September 1, taking the price up to around 108p a litre.
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So what exactly is the Minister Ed Miliband doing about these price rises, at the so called new Department of Energy and Climate Change ?
Precisely nothing to help ordinary people, as usual.
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