Petrol prices are expected to hit £1.50 a litre around the UK due to the crisis in Ukraine.
Russian troops entering eastern Ukraine triggered a spike in oil prices on Tuesday, to the highest level since 2014, due to uncertainty about long term supplies.
That increase is likely to be lead to higher petrol and diesel prices at forecourts in the UK. The RAC tips unleaded average prices to go to £1.50 per litre and diesel to £1.54.
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RAC fuel spokesman Simon Williams said: “Russia’s decision to invade Ukraine is already causing oil prices to rise and will undoubtedly send fuel prices inexorably higher towards the grim milestone of £1.50 a litre.
"The price of oil is likely to go above 100 US dollars and stay there on the back of traders fearing future disruptions in supply.
“This spells bad news for drivers in the UK struggling to afford to put fuel in their cars.
“With retailers quick to pass on any wholesale price rises they experience, we could sadly see the average price of unleaded hit £1.50 in the next few days and diesel approaching £1.54.”
Experian Catalist data shows the average price at UK forecourts is currently £1.49 per litre for unleaded and £1.53 per litre for diesel.
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