PA via The Independent reports:
Petrol price surges to 130p a litre
PA
Tuesday, 1 March 2011
Average petrol prices have passed the 130p a litre mark for the first time, the AA said today.Prices at the pumps have reached an average of 130.03p a litre - only 2p away from the £6 gallon.
Diesel is now averaging 135.44p a litre, the AA said.
It added that at the start of the year, petrol averaged 125.19p a litre before hitting 127.74p following the VAT rise on January 4. Diesel started at 129.30p before reaching 132.01 after the VAT increase.
A year ago, the pump price of petrol was 112.74p and diesel 113.79p. This means that filling up a typical 50-litre petrol tank now costs £8.65 more than a year ago. A two-car family is now paying £36.71 a month more for petrol than a year ago.
AA president Edmund King said: "Now that petrol has hit record highs at the pumps the Chancellor must abandon the proposed tax hike (next month) and seriously consider reducing fuel duty to stabilise prices.
[..]
Whatever happened to the Conservative party "Fair Fuel Stabiliser" consultation back in 2008 ?
Will Chancellor George Osborne actually implement these ideas in the forthcoming Budget ?
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