Fuel prices have hit record highs as Russia's invasion of Ukraine continues to affect global oil prices.
Fuel prices have hit record highs in the UK as Russia's invasion of Ukraine continues to affect global oil prices.
The price of Brent crude rose by 4.6% to $102 barrel on Monday after Western nations imposed new sanctions on Russia - one the world's largest energy producers. Although the UK imports just 6% of its crude oil from Russia, it would still be affected by global wholesale prices rising.UK consumers are already paying a high price for fuel, with demand surging following the easing of Covid restrictions.
He said there was "potential for enormous supply disruption" if Russia retaliated to sanctions and used oil "as a weapon".
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