Friday, 10 December 2010

Petrol prices hit record £1.22 a litre... but oil giants deny claims of profiteering

Daily Mail
"Motorists faced renewed misery today as petrol prices hit a new record high of £1.22 a litre.After a week of traffic chaos in the Big Freeze, the cost of filling up at the pumps has soared - adding almost £25 to the monthly bill of a two-car family.It comes as families across Britain struggle with higher food and energy bills.Escalating oil and wholesale fuel prices - and alleged profiteering by oil giants and retailers - are blamed for the increases in the price of petrol.Prices are likely to rise even higher in the New Year when the VAT rate goes up another 2.5 per cent - to 20 per cent.The AA, which has accused oil giants and fuel retailers of profiteering, has predicted highs of up to 124p in the coming weeks."

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