The AA: "Rising petrol prices could stoke inflation rises"

The AA has said that the 2.5% price rises seen on forecourts recently, "risks putting road fuel costs back on the path that led to six weeks of record fuel prices earlier this year."

The motoring organisation went on to say that after July’s surprise increase in inflation, "the new surge in pump prices will stoke the rise further and potentially any increase in fuel duty."

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Warning over petrol price rise

The Petrol Retailers Association (PRA) have warned of an impending petrol price hike on the forecourt. The price of Brent Crude has increased by 10% in the last two weeks to $116 a barrel.