Fuel prices to rise yet again

PETROL and diesel prices could hit new records within weeks – just in time for the Platinum Jubilee bank holiday getaway in early June.

Analysis by the AA found wholesale prices surged by 5p a litre last week – a rise which takes two to three weeks to be passed on at the pumps.

It could mean a repeat of the situation in March, when prices were hitting new records daily. Average fuel prices were 162.4p a litre for petrol and 176.5p for diesel last week, down from a record 167.3p and 179.9p. The AA’s Luke Bosdet said: ‘Drivers need to brace themselves for a jump in the cost of petrol.’