British petrol prices hit record high

British petrol prices hit record high

By: || Updated: 01 Jan 1970 12:00 AM

London: Petrol prices hit an all-time high in Britain Friday, the
Daily Mail reported. Prices at the pump have reached 137.44 pounds,
beating the previous record 137.43 pounds - set in May last year - by 0.01

Diesel is up to 144.67 pounds - another new record,
authorities said. Friday's figure means the average family have seen the
cost of filling up their car soar by 18 pounds to more than 96 pounds over
the past two years. A diesel fill-up has already exceeded the 100-pound

The news increased pressure on Chancellor of the Exchequer
George Osborne to cut fuel duty again for the Britain's 33 million
motorists, the newspaper added. Authorities said pump prices were being
pushed up by soaring oil and wholesale prices which, in turn, were driven
by instability in the Middle East and "greedy speculators".

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