Average petrol price tops £1 a litreSoaring crude oil prices blamed

08 November 2007

 

The average price for a litre of unleaded petrol in the UK has broken through the £1 barrier.

It follows increases in the global cost of oil - which is now approaching US $100 a barrel - while a weak US dollar is also being blamed for the rise in crude prices.

At the start of the year the average price for petrol was just over 88p a litre – now it's nearly £1.01 a litre.

Further rises

AA Head of Road Safety Andrew Howard said:‘The larger-than-usual daily rise [from Monday to Tuesday this week] suggests that in addition to market forces, more and more retailers are accepting that they have to break through the psychological £1 per litre barrier, and it is likely that with the average now through the barrier more [rises] will follow.

‘This, coupled with steadily rising prices on the world oil markets, means that relief for the British motorist is unlikely in the near future.’

Cheaper petrol

Motorists looking for the cheapest fuel can sign up to the website Petrolprices.com.

It claims to show the cheapest places to buy petrol and has the pump prices of almost 10,000 UK service stations.

To find the prices of local petrol stations, you enter your postcode or town. The site says it will display the location the ten cheapest stations and their fuel prices.

The site, which is free to use, compares stations in a radius of five, ten or 20 miles. In major cities, you can search a two-mile radius.