Fuel Price Rises Set To Continue

Despite increasing by over 8 pence per litre net since the beginning of September, the price of diesel, which has now broken the £1 a litre mark, looks set to continue rising causing misery for motorists. Unleaded petrol has risen by 5 pence per litre during the same period.

It is predicted that prices will continue their upward spiral at least until the start of 2008 as demand for heating oil puts added pressure on already stretched reserves.

According to Luke Bosdet, spokesman for the AA, diesel prices will rise again before they fall. “There is a hope that prices may come down after the New Year,” he said.

“But we are almost certain that they will remain above £1 a litre, and will probably rise again before then.”

Matters were made worse last month when the Chancellor imposed an extra 2p per litre increase in fuel duty on diesel.

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