UK fuel prices have soared to new record highs, with the average cost of a litre of diesel rising to £1.61 with no end in sight for spiralling pump costs.
Data from Experian Catalist reported by the AA also showed unleaded at £1.55 on Sunday as the impact of Russia’s invasion of Ukraine continued to be felt at forecourts.
The latest average costs were revealed hours after oil prices surged further, to hit $139 for a barrel of Brent crude, after confirmation from the United States that it was considering, along with European allies, a boycott of Russian oil and gas.
Brent had ended started the day at $118.
Related posts:
Fears for future of Stanlow oil refinery amid urgent financing talks
House prices face upward pressure as ‘for sale’ listings dwindle
HS2, the opening of the economy and Premier League broadcasting rights
Dunstone severs Carphone Warehouse tie with final Dixons sale
New streaming subscribers help Disney beat earnings expectations
Samsung boss Lee Jae-yong released from jail on parole ‘in national interest’
Pest control giant looms as Rentokil agrees takeover of US rival in £5bn deal
IMF tells UK to be ready to redeploy furlough if ‘widespread’ closures needed to tackle pandemic
CVC Capital lines up veteran Lucas to spearhead $15bn stock market float
BT in talks over plan for BT Sport to team up with Eurosport UK
State-backed NatWest Group hikes bonus pool to £300m
Restaurant and hotel prices set to rise as hospitality firms grapple with surging costs
