Petrol prices in record monthly rise, says RAC

Petrol prices in record monthly rise, says RAC
 

Petrol prices rose by 6p a litre in May - the biggest monthly increase since the RAC began tracking prices 18 years ago.
Average petrol prices hit 129.4p a litre, while average diesel prices also rose by 6p to 132.3p a litre.
The RAC said a "punitive combination" of higher crude oil prices and a weaker pound was to blame for the increases.
It pointed out that oil prices broke through the $80-a-barrel mark twice in May - a three-and-a-half year high.
As well as the higher global market price of crude, the pound's current weakness against the US dollar also makes petrol more... read more

 
5 June 2018 in Business, Views: 103
Source: BBC
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