Petrol prices in the UK are set to reach a record high of £1.20 per litre within the next few weeks, according to the AA.
The previous high was 119.7p in July 2008, following huge rises in the price of crude oil. The AA is putting the latest rise in petrol prices down to an increase in the wholesale cost of petrol.
The AA has now called on the government to delay the introduction of a further 3p increase on a litre of petrol. This tax is due to come into effect on 1 April.
“We all know government finances are in dire straits but a 3p rise in fuel duty is not good for the economy and could fuel inflation,” the AA’s president Edmund King told the BBC.
The AA said that families in the UK were now paying an extra £52 per month for petrol.