Motorists warned oil price rises could raise cost of fuel by 4c a litre

MOTORISTS were warned yesterday that they face a 4c hike in the cost of a litre of petrol if oil persists at current high levels.

Oil per barrel hit more than $45 on Tuesday as fears over Iraq and Russia’s ability to deliver supplies undermined market sentiment.

The AA warned that people should “get used to paying over €1 per litre for the foreseeable future in response to the crisis”.