Coming soon, the £100 fill-up as the cost of petrol soars again

Motorists were warned last night to prepare for four years of soaring costs at the petrol pumps, with the price of a full tank expected to top £100.

After a brief respite, fuel costs will start rising again next year as demand from the fast-growing economies of Asia triggers a boom in oil markets.

This will push the price of a litre of unleaded petrol from an average of 134.8p now to 154p by the end of 2015, according to forecasters at the Ernst & Young ITEM Club.  Read More