Petrol tops 150p a litre as prices surge amid Ukraine crisis

The average price of a litre of unleaded petrol has topped 150p amid the ongoing Russian invasion of Ukraine.

The situation has placed mounting pressure on the global cost of oil.

According to RAC fuel spokesman Simon Williams the average price of unleaded petrol jumped to 151.25p on Sunday.

Diesel has also climbed to 154.72p.

This means that fuel prices are now at a record high.

People across the country have already flocked to petrol stations in a bid to fill up before prices escalate, reflecting scenes also seen at the beginning of the COVID-19 pandemic.

Oil demand took a dramatic plunge during multiple national lockdowns, pushing the price below $20 a barrel.

Demand and prices have since increased sharply as society returns to normal.

But motoring organisations have also accused retailers of taking larger profits than usual, suggesting that it was not only global oil prices driving up motorists’ costs.

Updates to follow.

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