UK drivers await petrol price increase

UK drivers will again be hit in the pocket with expectations that the price of a litre of petrol will hit £1.20 over the next few weeks. A report issued by the AA has confirmed what many in the UK had feared, that a mixture of increased taxation on petrol and an increase in the wholesale cost of petrol is leading to a nightmare scenario for UK motorists. When you also consider a new increase in petrol duty will come into play on 1 April, adding three pence to the cost of a litre of fuel, the situation is becoming dire for UK motorists.

If it was not for the perilous position of the UK's finances we would likely see a delay in the introduction of the forthcoming petrol duty increase but the UK government is literally running short of funds and income has never been more vital. While the figure of £1.20 a litre, which has been suggested by the AA, is alarming enough there are concerns we could see yet more rises later in the year with families now spending up to £52 a month more on petrol than they were just 12 months ago.

So far there has been no response from Alistair Darling or Gordon Brown and many fearing they are unlikely to comment publically on the increase in the cost of fuel.