Fuel duty rise edges petrol prices towards record high

Petrol prices will approach a record high tomorrow as a 1p rise in fuel duty comes into effect.

The average price of petrol is currently hovering at 117.8p a litre. The record average was set in 2008 and stands at 119.7p.

Petrol had been due a 3p increase on April 1st, but the Chancellor announced in the Budget that the rise would be spread over three stages to reduce its impact.