Petrol prices hit all-time high

Motorists in Britain have been hit by record-high petrol prices.

The RAC said drivers are forking out an average of 120p per litre of petrol, with prices as high as 131.9p in some parts of the country. The previous all-time high of 119.7p was recorded in July 2008.

RAC motoring strategist Adrian Tink said: "This is a dark day for motorists. Petrol prices have been rising steadily over the past year and have now reached the inevitable record high."

A combination of factors - tax increases since December 2008 which have added 10p to the prices, as well as a weak pound and rising wholesale prices of petrol since the start of this year - have led to the latest peak, said RAC.

Meanwhile, the Government has already raised fuel duty by 1p a litre, with plans for a further 1p increase in the autumn and a 0.76p hike in January next year.

Mr Tink said: "With the election campaign now in full swing, Britain's hard-pressed motorists will be keen to hear what the political parties have to say about the escalating petrol prices.

"This is a key issue for Britain's 32 million motorists, who are watching their bank accounts drained every time they fill up."

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