Petrol Hits a Record High of 140p a Litre

Merely a couple of days following the Chancellor declined to stop a diesel and petrol price rise, and five months in advance before it kicks in, fuel prices are more expensive than ever. Bad news for drivers around Aldershot and the rest of the country. The cost of petrol has for the first time passed £1.40 per litre – it is now 140.20p per litre – and diesel is even higher at a record 146.72p per litre.

Driving groups were disgusted at the soaring expense of motoring and fear that by the end of summer the charge will probably have risen further to 150p a litre, a raise in excess of 12 per cent since the start of the year. In the last three weeks alone, gasoline costs have, according to the Automobile Association that unveiled the stats, increased 2.75 p per litre. At the beginning of this year the standard cost of petrol stood at 132.28p per litre.

The consequences with the price growth involve additional problems balancing finances for households, which are already under stress, and the probable additional effect of rises for a range of other products as companies attempt to handle higher haulage prices. On Tuesday the government opposed demands to drop or delay September’s scheduled petrol duty price increase by 3p.

A spokesperson for RAC said: “A figure of £1.40 a litre is a substantial price for motorists to have to pay out and presently there isn’t an end in sight to increasing fuel prices. How things are going the projected price increase might find average fuel costs reach £1.50-a-litre mark, that will take increasingly more individuals, who require their vehicles, off the road.

All Ways School of Motoring provide driving lessons in Aldershot and the surrounding areas.

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