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Home ATTUALITA

United Kingdom / Fuel prices mark the largest increase in 17 years

by imkadmin
Qer 8, 2022
in ATTUALITA
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Fuel prices in the UK marked the biggest daily increase in 17 years, on Tuesday.

Citizens were forced to pay an additional 2 p per liter, according to BBC.

The RAC engine group said the average cost of refilling a typical family car by now was 99 99.40 and could go up to p 100 on Thursday.

Rising fuel prices have been fueled by the war in Ukraine and actions to reduce Europe’s dependence on Russian oil.

With rising food and energy bills, many families are already under pressure. The average price of gasoline rose to 180.73 p per liter on Tuesday, the RAC said.

Meanwhile, the average oil price rose by almost 1.5 pounds to another record level of 186.57 p per liter, bringing the cost of filling a 55-liter family car to 2. 102.61.

In March, the government announced a 5 p per liter reduction in fuel tariffs to help reduce costs for drivers.

On Wednesday, the prime minister’s official spokesman said the government “had no confidence” that this was happening at all gas stations.

The Competition and Markets Authority (CMA) said that if it found sufficient evidence that the 5 p fuel tariff reduction had not been passed to drivers, then it would launch an investigation that could lead to fines for sellers who had abused it.

RAC fuel spokesman Simon Williams said the accelerated fuel costs were “unprecedented”, adding that prices were “still at an all-time high”.

Fuel prices fell at the start of the Covid pandemic as many businesses closed temporarily and demand for energy fell.

But as global economies recovered, prices soared again and have risen even more since Russia invaded Ukraine.

Russia is one of the world ‘s leading oil exporters and it is being targeted by economic and trade sanctions, which has led to supply concerns, pushing up oil prices.

EU leaders have said they will block most Russian oil imports by the end of 2022 to punish Moscow, which has also had an effect on prices.

The UK, which receives 8% of its oil needs from Russia, has pledged to phase out Russian oil by the end of the year, and although it is not as dependent on Russian oil as the EU, it is affected when global prices rise. .

Energy and food prices are also rising since the war in Ukraine.

UK consumer prices are rising at their fastest pace in 40 years, with millions hit by an unprecedented 700 700 a year increase in April energy bills. Inflation reached 9% in April and is expected to continue rising this year.

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