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Diesel price hike threat to United Kingdom people

By John Harry Subscribe to RSS | February 29th 2012 | Views:

Hike in diesel and petrol prices is annoying UK people this lot. The price of diesel is in its extreme. Price of diesel and petrol is getting heavy day by for the pocket of motorists. This week the price rise of diesel has hit the record. According to the reports of AA motoring organization, a liter now costs more than 143p, whereas two years ago it was nearer 114p.

As the price of diesel is rising in such a fast rate, the livelihood of thousands of motorists and their family are at stake. The hike is proving a back burden for them. The previous high was 143.04p, in May 2011. According to a report of The Retail Motor Industry (RMI) the figures are a "disaster for motorists. The Iranian crises are disrupting the supply of the fuel.

With the rise in price of diesel, thousands of business based of it is losing their balance. There is a prediction that price could rise more in the coming weeks. The diesel price hike comes in the same week that Supermarket giant Morrison’s sparked a major fuel war by slashing a record 15p off a liter of petrol for anyone spending £60 in store. The price hike is creating a chaos at the pump and this will lead to protest and demonstrations by thousands of drivers and motorists off the road to show their discontent and anger. As the rise in the price of diesel will automatically increase the expenses of the people as they spend daily on the diesel for their vehicle. Increase in household expenses means extra cash needed, apply for extra cash at instant personal loans @ and get required money and settle your household expenses with ease.

Another fear is that the price hike in diesel could bring recession in UK as thousands of business is misbalancing by it. According to the report of the new Sunday tabloid 64 per cent of people are spending more on food and groceries and more than two thirds are paying more on heating bills. Price hike also hampering the lifestyle of UK people as more the 46% are spending less on holidays, shopping, restaurants, cinema etc. Some actions are taking place to reduce the burden. February 23 to March 4 A vouchers will be issued and drivers will be able to claim the discount at Morrison’s petrol stations until March 11. The news of the Morrison’s discount appreciated by Paul Watters, head of public affairs and people can feel some relief.

John Harry - About Author:
John Harry is expert finance advisor in online marketing finance. He writes for instant personal loans , instant payday loans and instant decision loans

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