Petrol Price Set To Increase

Petrol prices will reach £1.26 a litre by 2011

Presently, it costs £7 more to fill up the tank of an average car than it did a year ago. This is yet another petrol price increase which will hit consumers, after the recent announcement that bread and gas prices will also increase.

The Retail Motor Industry (RMI) has released figures that show a staggering increase in petrol prices. Prices are set to rise by 4p by the end of the month and it is estimated that by the New Year petrol prices could be as high as £125.9 per litre.

This petrol price enlargement is due to the steady increase of crude oil prices.

This price of petrol increase is adding fear to the other key living costs that are also set to rise. It is expected that the cost of a loaf of bread will increase by 10p after Russia put a ban on all grain exports. In addition, the energy market is also expected to put up gas prices which will affect households nationally.

Payplan

If you’re struggling to pay your bills and are behind with debts due to increased living costs, then contact Payplan for debt advice online or telephone 0800 280 2816.

Written by Becky on August 13th, 2010

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