7 Mar 2022

Ukraine conflict: Petrol prices hit record highs as oil and gas prices surge

Economics Correspondent

The conflict and the surging gas prices have pushed petrol prices here to another record high –  reaching 155p a litre for the first time.

President Zelenskyy wants much tougher sanctions on Russian oil imports, but there was a warning today from the Dutch Prime Minister Mark Rutte that if countries move too fast to ban Moscow’s oil and gas it could lead to “unmanageable risks” for Europe and beyond.