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Petrol prices near record high



19 March 2010 @ 12:12 am BST

LONDON - The average petrol price in Britain has risen by 4 pence per litre in the past month to mid-March and may hit a record high in April, the Automobile Association said on Friday.

The cost of petrol has risen to 1.1609 pound per litre from 1.1210 in mid-February. Diesel rose to 1.1687 pound a litre, up from 1.1384 a month ago.

"Soaring wholesale prices, an increase in duty on 1 April and the end of the subsidy for biofuel producers could push the cost of petrol close to 124 pence a litre just after Easter," the AA said in a statement.

That would be above the record high price of 1.1197 pound hit in July 2008, it said.

(Reporting by Ikuko Kurahone)

© 2010 Thomson Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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