[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Thursday, 20 April 2006, 10:31 GMT 11:31 UK
Petrol prices 'to hit fresh high'
Petrol price
Petrol prices have risen sharply over the past month
UK petrol prices could hit a fresh record high by the weekend, a fuel monitoring website has warned.

The average cost of a litre of unleaded looks like breaching the 95p a litre mark, said PetrolPrices.com.

The warning comes after pump prices have risen sharply over the past month, mirroring a similar jump in crude oil prices on the global markets.

Oil prices have surged due to supply concerns centred on the ongoing Iranian nuclear row and unrest in Nigeria.

PetrolPrices.com estimates that the average cost of unleaded has risen offer the past month from 90.5p to the current 94.6p a litre.

Thursday's prices across the UK range from 88.9p to 103.9p a litre, it said.

Iranian stand-off

"Petrol is a grudge purchase, and with prices at record highs people are concerned more than ever about their energy bills," said PetrolPrices.com spokesman Kay Joyce.

Birmingham - 94.5p
Cardiff - 94.9p
Glasgow - 93.3p
London - 94.2p
Manchester - 94p
Reading - 94.6p
Price per litre of unleaded Source: PetrolPrices.com

Crude oil traded in London hit a record high of $74.16 a barrel on Thursday, the seventh consecutive day in which it has set a new price peak.

Future Iranian oil exports could be hit by the threat of US-led sanctions, due to Tehran's continuing efforts to enrich uranium in the face of global opposition.

While Iran says it needs the uranium to develop nuclear power stations, the US fears Iran wishes to produce nuclear weapons.

Oil exports from Nigeria have also been hit by attacks on facilities by anti-government militants.

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Americas Africa Europe Middle East South Asia Asia Pacific