Fuel prices still rising

Petrol and diesel prices soared again in the last month, according to the latest fuel price survey from the Automobile Association.

Petrol has risen seven per cent since the start of the year. A litre of petrol now averages 131.8 cent, up 4.1 cent in the last month and up 9.4 cent since January.

Diesel has risen to 122.0 cent per litre, a 3.2 cent increase in the last month and seven cent per litre since January.

In April of last year, a litre of petrol cost 106.4 cent. It has risen by 24 per cent since then; diesel is up 22 per cent from an average this time last year of 99.9 cent.

A barrel of oil remains at roughly $82 this month, a four per cent increase in 2010 to date. Fluctuating oil prices are among one of the complex factors affecting rising fuel prices, but they are by no means the only factor.

 

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