Russian president Vladimir Putin’s brutal war with Ukraine caused UK petrol and diesel prices to hit new highs of £1.52 and £1.55 per litre respectively on Thursday, as the international consequences of the violence begin to materialise a week after Moscow’s “special military operation” was launched.
Concern over the geopolitical ramifications of the invasion caused the market price of oil to soar and Brent crude – one of three industry benchmarks – rose to almost $115 (£85.89) a barrel, its highest level in 10 years.
