Households also face price hikes and energy shortages, as the rising tensions between the West and Russia threaten gas supplies to the UK. Petrol has risen above 130p a litre for the first time since January – and experts predict it will increase by another 2p in coming weeks.
Unfortunately we are likely to see a 2p increase in the weeks ahead
RAC spokesman Simon Williams. They blame nervous traders who have bought up crude oil stocks, pushing up the price per barrel and the cost of filling up the family car.
Petrol prices dropped to a three-year low of 129.82p a litre in January. By yesterday they had risen to an average of 130.17p. Diesel remained relatively low at 136.39p .... http://www.express.co.uk
