Petrol Prices To Hit £1.50p Per Litre This Summer
Thu, 04/29/2010 - 11:50 — TheCarHubTeam
Sorry, no good news on petrol prices today. A leading company which monitors fuel prices nationwide is forecasting that the recent high mark of £1.20 per litre will be left far behind because of tax, the current economic crisis and speculators.
One of the hardest facts for motorists to understand is how our current government can continue to take ever more increasing sums of fuel tax from motorists and not spend that tax collected on transport matters.
We are still only in the fourth month of the year yet already the cost of fuel is up by a staggering 20p per litre, in “old money” that equates to 90 pence per gallon.
Since the pump prices have been quoted in pence per litre it has helped to hide the real cost of fuel per gallon, perhaps there would be more of a general outcry if this situation was reversed or oil companies forced to quote both versions of prices.
The thought of a litre of petrol at £1.50 ( equal to £6.80 per gallon) would certainly kill any hope of recovery in country areas of the UK stone dead.
