Drivers in Birmingham could be hit by a massive 20 per cent petrol price rise following the wave of terrorist attacks in Saudi Arabia.
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| Litres | Gallons |
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£ 0.81 |
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£ 3.69 |
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£ 0.82 |
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£ 3.73 |
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£ 0.83 |
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£ 3.78 |
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£ 0.84 |
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£ 3.82 |
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£ 0.85 |
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£ 3.87 |
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£ 0.86 |
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£ 3.91 |
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£ 0.87 |
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£ 3.96 |
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£ 0.88 |
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£ 4.00 |
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£ 0.89 |
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£ 4.05 |
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£ 0.90 |
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£ 4.10 |
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£ 0.91 |
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£ 4.14 |
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£ 0.92 |
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£ 4.19 |
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£ 0.93 |
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£ 4.23 |
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£ 0.94 |
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£ 4.28 |
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£ 0.95 |
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£ 4.32 |
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£ 0.96 |
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£ 4.37 |
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£ 0.97 |
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£ 4.41 |
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£ 0.98 |
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£ 4.46 |
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£ 0.99 |
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£ 4.50 |
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Oil industry analysts believe the price of unleaded could soar to 92p a litre at the city's pumps --about £4.20 a gallon. The fear today sparked calls for Chancellor Gordon Brown to slash or freeze fuel duty increases which put Britain near the top of the petrol price league. A 2p a litre increase in September was announced at the last budget. Birmingham motorists, already facing a summer of misery due to major roadworks on the M6 and Aston Expressway, will be burning more cash as they sit in queues. Birmingham's only Tory MP, Andrew Mitchell, said: "Motorists in and around Birmingham are faced with double gloom - firstly delays caused by the roadworks and secondly the threat of oil prices rising steeply. "The Chancellor must decide in these circumstances not to go ahead with a further rise in duty on fuel which would pour misery upon misery for local motorists." His view was echoed by the Association of British Drivers spokesman Tony Vickers, who added: "The British Government should reduce the tax on fuel permanently, or at least temporarily while this crisis continues. "It is vital to stabilise prices as they were a couple of months ago for the good of motorists and the economy of Birmingham and the country as a whole." Economists and traders fear the price of oil will rocket from just under $40 dollar to $50 dollars a barrel today. And in the worst case scenarios, should the Saudi royal family be toppled by Al-Qaida terrorists, they say the price would hit $100 per barrel or £8 per gallon at the pump. In the Far East as money markets continued to trade over the bank holiday, oil prices rose by two per cent but it is feared the rise in the west today will be higher. The increase follows the killing of at least 22 civilians in oil-rich Khobar, Saudi Arabia, and raises concerns about supplies from the world's top crude exporter. The Organisation of Petroleum Exporting Countries (Opec) is meeting on Thursday when all eyes will be on Saudi Arabia to see how it reacts. They may consider releasing extra oil supplies should the price rise sharply.
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