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Petrol price hits record high | Petrol price hits record high |
(40 minutes later) | |
The average price of unleaded petrol has reached a new high of 137.44p per litre, according to industry analysts Experian Catalist. | The average price of unleaded petrol has reached a new high of 137.44p per litre, according to industry analysts Experian Catalist. |
That just exceeds the average of 137.43p reached in May 2011. | That just exceeds the average of 137.43p reached in May 2011. |
Petrol has been pushed up by oil prices, which have risen in recent months due to tensions over Iran's nuclear plans and unrest in the region. | Petrol has been pushed up by oil prices, which have risen in recent months due to tensions over Iran's nuclear plans and unrest in the region. |
The weak pound has also been making oil, which is bought in US dollars, more expensive for British buyers. | The weak pound has also been making oil, which is bought in US dollars, more expensive for British buyers. |
The price of Brent crude oil hit a 43-month high on Thursday, peaking at $128.40 a barrel in New York. | The price of Brent crude oil hit a 43-month high on Thursday, peaking at $128.40 a barrel in New York. |
The average price of diesel, which was already at an all-time high, continued to rise to 144.67p per litre, Experian Catalist said. | The average price of diesel, which was already at an all-time high, continued to rise to 144.67p per litre, Experian Catalist said. |
Fuel campaigners have called for the chancellor to scrap the 3p a litre rise in fuel duty planned for August. | |
However, reports suggest that George Osborne is unlikely to alter current plans. | |
Meanwhile, a survey by the Countryside Alliance has indicated that the price of diesel in rural areas is, on average, 4p more than in urban areas. | |
The most expensive diesel was in Purbeck in Dorset and Ryedale in North Yorkshire, where it costs an average 146.9p per litre. | |
Diesel was cheapest - at an average 139.7p per litre - in North Tyneside, Birmingham and Dartford, south-east London. | |
The Countryside Alliance said cars were becoming an "unaffordable necessity" for many living in rural communities. | |
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