“The cost of living crisis has been ratcheted up yet another notch.'
Average UK petrol prices have surpassed 148p for the first time, according to new figures.
Meanwhile, the cost of diesel has also increased to a new record high of 151.57p per litre, which it struck last week.Follow InYourArea's Facebook page for the latest national headlines Prices have soared on the back of wholesale fuel prices, which have jumped amid a resurgence in demand following the reopening of global economies, but have also been spurred in recent days by concerns that Russian tensions could have an impact on supply.
“With the oil price teetering on the brink of 100 dollars a barrel and retailers keen to pass on the increase in wholesale fuel quickly, new records could now be set on a daily basis in the coming weeks.
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