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Petrol hits record high

The average cost of a litre of petrol has risen to 137.44p, topping the previous all-time high of 137.43p a litre set in May 2011.

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AA: Petrol prices are hunting families

This new record for petrol and diesel just confirms what every family and business knows - fuel prices are hurting them badly and there seems no stopping them.

We have asked the Chancellor to do what he can to protect the UK economy from fuel market volatility and record high prices which are stemming growth.

There is no more give in family and business budgets despite them cutting back on fuel purchase and other spending so they can get to work and go about their business.

Britain cannot get back on its feet if fuel prices hold drivers and business to ransom every time market sentiment takes hold."

– AA president Edmund King.

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