Consumers may face fuel price hikes

Updated: 22:00, Tuesday, 16 October 2007

The AA says motorists face the likelihood of a hike in petrol and diesel prices in the coming weeks.

1 of 1Fuel prices - Likely to rise
Fuel prices - Likely to rise
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Nine News: David Murphy, Business Correspondent, reports on worries over oil supply following fresh tensions between Turkey & northern Iraq
Nine News: David Murphy, Business Correspondent, reports on worries over oil supply following fresh tensions between Turkey & northern Iraq
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Six One News: David Murphy, Business Correspondent, reports that the rising crude oil prices have been cushioned by a weak dollar
Six One News: David Murphy, Business Correspondent, reports that the rising crude oil prices have been cushioned by a weak dollar

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Oil has hit a new historic high of $88 a barrel in the US following fresh tensions between Turkey and northern Iraq and concerns about global supplies.

According to industry experts, if oil prices remain at these levels over the coming weeks motorists are likely to face higher costs at the forecourts.

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