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Syndicate
The prices increases will be driven by soaring oil prices, which reached a record of nearly 140 dollars a barrel this week. Wholesale gas prices, which linked to oil prices, have trebled over the past 12 months.
John Hall, who advises companies on energy issues, said of the 40 per cent hike: “Unless there is a dramatic fall in oil prices, that is the scale of the increase we are talking a...