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Petrol costs increase in August, expected to rise further

Sat 11th Aug 2012
Petrol costs increase in August, expected to rise further

Following a 5.07% increase in the price of unleaded petrol, and 6.87% for deisel earlier last month, prices are expected to rise further still before the end of August.

The cost of petrol increased slightly last week by an average of 0.77% to reach 1.44 per a litre.

This means that the cost of fuel is now around 10% more than it was this time last year, costing an average of 5 more to fill a standard 44 litre tank.

Earlier this year prices peaked at near-record highs of 1.50 per litre, but soon backed off to around 1.40 per litre.

Fuel costs have now increased in price by an average 6% since the start of the year, however with costs averaging 1.653 per litre in the rest of the Eurozone it is expected that this will be seen as justification in increases costs to the consumer.

Comment on this Story

 
For WHAT REASON : Production costs ? Currency fluctuations ? Increase costs of raw materials ? or just good old fashioned greed ?
Robster - Mon, 13th Aug 2012