Petrol is set to hit new high today

THE CHANCELLOR was today urged to call a crisis meeting over fuel — as petrol prices soared to a record high. 

Unleaded costs 137.44p on average, leaving motorists to spend £24million a day more on filling up than two years ago.

Some pay as much as 155p per litre. And experts today warned petrol prices could soon hit £7 a gallon as oil costs rocket.

HSBC today warned oil was now a bigger worry than Greece to the global economy.

Economists at the bank warned the price of crude could hit $200 a barrel.

Brian Madderson of the RMI Petrol Retailers Association said it was unthinkable George Osborne could add 3p more to duty this August.          Read More