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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."

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Stock market 'driving up the cost of fuel'

The falling pound and stock market speculators are driving up the cost of petrol. The AA says after surging 5p a litre over a month, the price of petrol at the pumps has gone up a further 1p in the last five days.

Yorkshire and Humberside remains the cheapest region for diesel Credit: Press Assocation

The AA says the average cost of petrol is now 138.32p a litre. Diesel has risen 4.78p from its mid-January price to stand at an average of 145.10p. The latest figures show that petrol has risen 6.24p a litre since early January, adding £3.12 to the cost of refilling a typical 50-litre tank.

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