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Daily Mirror
Daily Mirror
Business
Liam Gilliver

From Brexit to panic buyers - let us know your thoughts on record petrol prices

The average prices of both petrol and diesel hit new record highs last month after rising by nearly 7.5p and 8p respectively – with the price of unleaded rising faster than in any month since 2000.

The 21-year high added £4 to the cost of filling up a 55-litre family petrol car - now £79.39 - and £4.50 to the cost of a diesel motor - now £81.37 - compared to the start of October.

But who do you think is to blame for the soaring costs? Perhaps you think it's the supermarkets' fault, or maybe you point the finger at the panic buyers who were pictured filling up several tanks of fuel while others struggled to make it to work.

Let us know your thoughts on the matter in the survey below

Recently, the RAC said the big four supermarkets were partly to blame for the rises.

Simon Williams, a spokesperson for the company, said: “October 2021 set records for all the wrong reasons and was a horrible month for drivers with both petrol and diesel prices hitting new heights...

“With a fill-up costing £16.50 more than a year ago, the impact is definitely being felt in homes up and down the country. It’s also bound to have a negative effect on the economy.

“There is, however, a glimmer of hope that the oil price may have peaked for the time being, but much will of course depend on whether more supply is released when oil producer group OPEC+ next meets on Thursday."

Williams added: “Regardless of this, the profit margin retailers are taking on each litre of petrol is greater now than it used to be prior to the pandemic, which is artificially making forecourt prices higher, particularly as VAT is charged on top.

"We urge the biggest retailers, in particular, to play fair with drivers and ease the burden at the pumps by lowering their margins on petrol from around 8p a litre to more normal levels."

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