A BUMP AT THE PUMPS

Motorcycle News (UK) - - THIS WEEK -

Fuel track­ing site Petrol­prices.com says they ex­pect the price of petrol to rise by up to 8p per litre by Jan­uary, tak­ing the cur­rent av­er­age of £1.15 per litre to £1.23. Last month mem­bers of the OPEC oil car­tel agreed to cut out­put by 1.2m bar­rels a day with the in­ten­tion of in­creas­ing the price of a bar­rel of oil. This was the first agreed cut in pro­duc­tion since 2008 and will come into force on Jan­uary 1. Now other NON-OPEC coun­tries, such as Rus­sia and Sau­dia Ara­bia, have also agreed to re­duce their out­put. This agreed cut sent the price of crude oil surg­ing, which will have a knock-on ef­fect at the petrol pump.

Don’t spill any. It’s go­ing to cost even more to fill up your bike in 2017

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