Petrol prices set to soar

Petrol prices are expected to rise by 5p a litre this weekend according to the AA.

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  1. Jeff Welch

Full report: petrol price increase likely over the weekend

The AA has warned that petrol prices could rise by 5p a litre. The motoring organisation blames the increase at the pumps on speculators 'betting on rising oil prices'.

They buy huge quantities of petroleum on the open market, store it until the price rises and then sell it on for a big profit.

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