Fuel costs on the rise

PETROL prices could top the £1 a litre mark in East Anglia over the next few weeks - raising concerns about the impact the increasing cost of living is having on households.

PETROL prices could top the £1 a litre mark in East Anglia over the next few weeks - raising concerns about the impact the increasing cost of living is having on households.

World oil prices soared close to a record high last week but the effect will not filter through to forecourts for another two to four weeks, the AA said.

Predictions are it will hit the pumps at around the same time as hurricanes start to buffet America, with fears another busy season could lead to quick soars in petrol prices as seen after Hurricane Katrina in 2005.

The bleak picture for the region's drivers emerged only days after the Bank of England put interest rates up again to 5.75per cent - the fifth rise in a year taking them to the highest level in more than six years.

Anyone needing advice about debt should contact their local CAB branch. Contact details on the website at www.citizensadvice.org.uk

What do you think about the cost of petrol? How have you been affected by the rises in the cost of borrowing?

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