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Tuesday, November 17, 2009

Christmas fuel to hit 110p a litre

Motorists are facing record fuel bills in the run-up to Christmas, a report warned yesterday.

The RAC said petrol prices could reach 110p per litre by the middle of next month - the equivalent of £5 a gallon.

The latest price rises, blamed on worldwide oil costs and the falling value of the pound, will hit millions visiting family and friends.

It is an increase of more than 26% on last year when unleaded fuel cost 87p a litre.

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Filling up will cost £60.50, about £12.15 more than a year ago.

A 2.5% VAT increase on January 1 will add a further £1.50 to filling a tank.

Rac spokesman John Franklin said: "Many families are likely to think twice about visiting relatives."

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