Petrol in Britain has hit a new record high, increasing 10% year on year. That’s after Tehran blocked oil exports to the country as part of its reaction to financial sanctions from the West.
A liter of diesel will now cost 143.05 British pence, or $2.25, just above the previous peak of 143.04 pence a liter reached during the Libyan conflict last May.
And the people at the pumps are already paying the price. Miranda Schunke from Green Flag Automobile association warns that the continued price rise will affect all other consumers as well.
“It’s a disaster for motorists, and not only are they being stung month after month now by these fuel price rises, but there’s also a concern that this is going to spread to the cost of everyday items such as food, because those transportation costs to get those foods to store will be passed onto businesses and then the consumer,” she said.
The British themselves say this could put people off buying petrol, as well as off driving.
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