An all-time high is expected to be recorded soon for the UK’s petrol prices, it has been claimed.

The AA, one of the leading breakdown cover providers in the UK, has called for an investigation to be conducted into the 17 per cent rise in European wholesale petrol prices since January.

Britain’s largest motoring organisation has said the price increase will mean pump prices rise even higher than the July 2008 record level.

Wholesale prices reached $795 (£519) last week. With the weak pound wholesale prices have been lifted from 32p per litre to above 39p per litre.

The AA believes the easiest way to combat the problem of rising prices would be for the government to freeze the fuel duty increase on April 1st, which is due to increase, adding 2.5 to three pence per litre on the pump price.

According to UK Petrol Prices website, which allows its users to search for the cheapest petrol prices in their vicinity, the average petrol price across the UK is 116.3p per litre today (March 17th).

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