The Latest Breaking News from Petrol

The cost of living is continuing to rise dramatically as inflation has hit a 40 year high and with that petrol prices are soaring as experts warn that each day the cost of fuel keeps breaking records.

A union representing Rolls Royce Holdings plc (OTC:RYCEY) workers in the U.K. rejected the company's offer of a £2,000 one-off payment to beat the crippling inflation, the BBC reports. The offer also included a 4% pay hike. The union known as Unite argued that the offer "falls far short of the real cost…

Comes as inflation soars and remains at a 40-year high

The rate of consumer prices index (CPI) inflation rose from 9% in April to 9.1% in May.

We have compiled a list with five of the cheapest prices for both unleaded and diesel in Scotland's cities.

The rate of inflation has risen sharply in May, driven by an increase in food and petrol costs

Steep food price rises and record petrol prices were offset by clothing costs rising by less than this time last year

‘You’re paying a fair market price for a commodity,’ actor writes

The Transport Minister says officials had been working on how to provide Kiwis relief at the petrol pump for a relatively short amount of time, but denies it was just 24 hours.