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Petrol costs back over 130p a litre

Petrol has crept back over the 130p a litre mark, according to figures from the RAC.

The rise is down to the tension over Ukraine causing traders to buy up oil stocks, the RAC said. In mid-January petrol fell below 130p a litre for the first time since February 2011. It remained at this comparatively low level until yesterday when the average UK price at the pumps rose to 130.17p a litre. In January the price of diesel had dropped to its lowest since mid-July 2012 at 137.27p. Since then diesel prices have remained steadily low with yesterday's average price at 136.39p a litre. RAC fuel spokesman Simon Williams said: "It's a great shame our surprise 'holiday' from the ever-increasing cycle of petrol price increases has now come to an end."

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