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Rising cost of fuel due to "global factors" says local economist

However OFT says it is cheaper than UK

Fuel prices on the Isle of Man will continue to rise due to global uncertainty but motorists are still better off than in the UK.

That's the view of the Office of Fair Trading which is continuing to monitor the cost of petrol and diesel:

Zahed Miah is an economist at the OFT.

He's offered one explanation as to why prices are slightly lower on the Island:

And whilst prices continue to jump it’s those at the pumps who are left feeling the pinch – so how are people coping?

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