Petrol prices reach record high

Soaring oil prices have led to petrol prices hitting record highs in the UK.

Motorists must now shell out 140.20p for a litre of petrol.

This is on the back of a slew of increases in fuel prices. Diesel was priced at 143.05p just last month.

No respite awaits car owners across the country experts suggest the average petrol price to rise to 150p very soon.

Chancellor George Osborne has promised that petrol prices would not suffer undue hikes so long as oil prices are kept under 45 pounds per barrel. With Iran’s monopoly over oil threatening to expand throughout the EU, patrons are very cautious about their time on the road.

 

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