The end of £1 a litre
31st March 2008
(Aldershot, UK) Today marks the end of £1 a litre petrol – figures from PetrolPrices.com show that not a single station in the UK is selling unleaded for less that £1 a litre.
The average price for a litre of unleaded is now 107.1, confirming fears that since the average price first hit £1 a litre on 6th November last year, prices will continue to rise.
The lowest price across the country has now risen to 102.9p per litre. There are 61 stations across the country which are currently selling at this price. The station with the most consistently low priced unleaded is Barnes Service Station on Durham Road in Sunderland.
In March 2007 a litre of unleaded cost 88p – a rise of 19.9p in one year alone.
Prices will hit £1.50 a litre this year, which will be disastrous for inflation and the economy in general. When fuel prices rise, so does the cost of food and other goods, so it's vital that the price of fuel is reduced. The Chancellor delayed the 2p fuel duty rise in the 2008 budget, but he should have scrapped it altogether for the sake of the economy.”
Diesel has risen even more than unleaded over the last year - up 23.4p to 115.2p per litre, compared to 91.8p last year.
Notes to editors
Petrolprices.com is the only free price comparison website for fuel prices in the UK. It allows consumers to search for the cheapest stations in their area, with potential savings of 15p a litre. PetrolPrices.com has over 2 million registered users, and 87% of 5000 users surveyed in September 2007 claimed the site saves them over £100 per year. As fuel prices rise the potential savings grow because the spread between the lowest and highest prices stations widens.
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Louise Doherty
Spokesperson
PetrolPrices.com
e:
w: www.petrolprices.com
p: 01252 367208