New warning on fuel prices

Petrol prices could hit a record 124p a litre in time for Easter.

Petrol prices could hit a record 124p a litre in time for Easter.

The AA said today that average petrol prices have risen 4p a litre in the past month, taking them to the highest level since July 2008, And with a "trinity" of increases due in the next few days, the average could rocket to a record 124p a litre.

Its latest figures showed the average price of a litre of petrol has risen from 112.10p in mid-February to 116.09p now – with 3p of the rise coming in the last two weeks.

The price of diesel has risen from 113.84p a litre in mid-February to 116.87p a litre now.

The 4p increase in petrol prices has added £2 to the cost of filling a typical 50-litre petrol tank.

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