BP says fuel prices will remain high

• BP boss warns crude oil prices will remain high
• Petrol could reach over £1 per litre
• BP says it hasn't passed on full cost of crude oil

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High pump prices are here to stay and could even increase, said BP boss Lord Browne yesterday, as he declared BP's first-quarter profits of £3 billion.

Browne said crude oil prices were likely to remain high and could push the price of a litre of fuel above £1 across the country.

He said the company hasn't been passing on the full increases in crude oil costs to motorists, contrasting 30% rise in the price of crude with an 11% hike in the cost of petrol and diesel.

Click here for some tips on how to cut back on your fuel bills.