Cash-strapped Brits hit at the pumps as petrol hikes to continue for three more months
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Rising oil costs are expected to push up petrol pump prices for another three months.
Drivers already pay 4p more for unleaded and 5p extra for diesel than in October.
That’s an average rise of 1.34p a month to 122.24p a litre for petrol and 1.56p to 125p for diesel.
The RAC’s Simon Williams said: “Motorists have had to endure their third consecutive monthly increase at the pumps.
“Both petrol and diesel are at their highest for three years and it’s bound to be denting household budgets.”
(Image: PA)
The blow comes after the price of oil jumped to $70 a barrel for the first time in three years.
And bankers Goldman Sachs predict it will hit $80 by July – if the pound goes down it could be worse.
The bank said: “Higher demand in America and oil OPEC nations slashing output by 1.2 million barrels a day has tipped it over the $70 mark.”