Osborne 'taking action' on petrol prices

Chancellor George Osborne has said that petrol remains 10 pence cheaper than it might have been under Labour despite the price of petrol at the pumps has going up a further 1p in the last five days.

"I completely understand the pressure on families, that's why we've taken action to make sure that petrol is 10p per litre cheaper than it would have been if we'd stuck with the tax rises of the last Labour government."

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Stock market 'raising fuel costs'

The falling pound and stock market speculators are driving up the cost of petrol, according to the AA. The price of petrol at the pumps has gone up a further 1p in the last five days. The Chancellor says he has "taken action."