Petrol prices to reach record high
Petrol prices could reach a record high of £1.20 a litre in the next few weeks -- and that's before the Government adds 3p in fuel duty and VAT onto the cost.
Petrol prices will go up by Rs.1.40 per litre, excluding taxes, from midnight Friday due to the depreciating rupee and a sharp increase in crude oil prices in global markets, the government-run oil marketing firms said Friday.