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Petrol prices top £1.70 a liter for first time

Average petrol prices have risen above £1.70 a liter for the first time, according to new figures.

The average price of a liter of petrol on UK forecourts on Tuesday was 170.4p, according to data firm Experian Catalist.

Diesel also reached a record 181.4 pence per litre.

RAC fuel spokesman Simon Williams said petrol prices had hit “another unfortunate benchmark”.

“While wholesale prices may have peaked last week, they are still worrisome, meaning there is no respite from record pump prices that are relentlessly contributing to the crisis. cost of living,” he said.

“We really need the government to take more action to ease the burden on drivers, which we hope will be in their expected announcement this week.

“The 20% VAT on fuel currently benefits the Treasury to the tune of around 30p a litre, which seems very unfair when you consider it is a tax on a tax as a fuel tax – although it was reduced to 53p a liter at the end of March – is charged at wholesaler level.

He added that there is “still some variation in prices at the pump between petrol stations in most areas”, and it is “particularly infuriating” when same-brand supermarkets charge “significantly more” in one supermarket versus another in the same area.