Monday 1st October 2007
Petrol prices could soon rocket to more than £1 a litre, as the government's two pence rise in fuel duty comes into force today.
Analysts are warning motorists that the average price of unleaded petrol could rise to about 98p, while diesel could reach as much as £1 a litre.
This pattern looks set to continue, with a further two pence fuel duty rise planned for April, in what the government claims is part of its campaign to slow climate change.
Petrol retailers had asked the government to put off the fuel duty increase and last month the Petrol Retailers Association (PRA) said that the fuel duty increase would place "undue financial strain" on its members and motorists alike.
The organisation's director, Ray Holloway, said the number of petrol stations was falling and warned that it would "not take much to push more stations out of business".
The AA has criticised the move, and has said that the average motorist now has to shell out £4.84 more to fill their tank than they had to a year ago.
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Household bills
While today’s decision by the Bank of England MPC was literally a no brainer it does not help the thousands of home owners who are struggling to make ends meet. As we read another report from the... 
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