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BBCNEWS BBC News March 8, 2022 20:12:00

A litre of petrol at uk forecourts rose to 153p on monday that s $2 with diesel prices almost 159p. 0ur north america business reporter, samira hussain, says although the us only gets a small percentage of oil from russia, the impact will be felt. what it does do is show that the united states is willing to take these kinds of harsh moves to try and reducejust these kinds of harsh moves to try and reduce just how much support it gives to the russian economy. but remember, president biden was very clear in his remarks that the american people are certainly going to feel the impact. already, we have seen that gas prices here in the united states have hit record highs, and this of course is set by the global markets. the impact of less customers taking in oil from a ....

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BBCNEWS BBC News at Ten February 28, 2022 22:20:00

Announced an end to itsjoint ventures with gazprom. russia has more than doubled its interest rate to 20% in an attempt to prevent a futher fall in the value of the rouble, that s taken a big hit over the last week. our economics editor, faisal islam, has more on the economic impact of the sanctions. on british forecourts tonight, the putin premium for petrol. the record average price of over £1.50 per litre arising from the spike in the price of crude oil, a by product of the russian invasion. the economic impact seen today across russia, though, was very much intended western financial sanctions leading to a slump in the russian currency and fears about the stability of major banks. the uk and japanjoining in efforts from the us and eu to prohibit trade with russia s equivalent of the bank of england. this normally never happens and was designed to prevent russia from using its war chest of reserves to protect its currency. we are defending democracy and freedom, and the most impo ....

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BBCNEWS BBC News March 9, 2022 16:16:00

Of the crude oil we use, they are 18% of our diesel use. according to the latest data, the average price of diesel has hit a record high today of £1.65 a litre, up 3p from yesterday. even petrol cars now cost an average of £90 to fill up. andy verity, bbc news. our correspondentjenny hill in moscow explains what the kremlin s response has been to the us sanctions. we heard from the spokesman there that the kremlin is currently analysing was the world, analysing president biden s decision to stop buying oil before it responds. we do expect a response. vladimir putin now wants, we understand, to ban or block the export of raw materials from russia, but we don t really know exactly what he has got in mind. we are told the kremlin has not quite decided how that work ....

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BBCNEWS Breakfast February 25, 2022 06:24:00

More than 100 dollars. it s at the highest level in seven years. motoring groups are warning we are looking at petrol price increases. 1.55 a litre could be a reality soon. that would mean filling up the tank would set you back £85. but: not much of the uk s oil comes from russia just six per cent so why are we still going to be paying so much more at the pump? it is the amount of oil and gas russia provides to global markets and because they are globally traded commodities, the price is set on a global scale rather than a local scale in the uk. russia provides around a0 50% of your s gas, which is a lot bigger than it does for the uk. 20-30% of is a lot bigger than it does for the uk. 20 30% of europe s oil. so it is a big player with oil and gas in europe as a whole. ....

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BBCNEWS Breakfast March 11, 2022 06:23:00

About 1.57, last time. it s 1.70 a litre. it s going up quite rapidly, isn t it? it is, isn t it? it s getting a bit ridiculous, but, then again, we have come to expect this sort of thing, really. it s crazy. it s daylight robbery, you know what i mean? do you do a lot of miles? a lot of miles? we try not to, because you can t afford it. how much did it come to, if i can ask? - £65. i had some in already and i haven t filled to the top. right, 0k. so how do you feel about that how much it cost? agh! she speaks for us all, doesn t she? you might be thinking of walking the school run, to the shop. we have been speaking to people whose incomes rely on getting in the car. we start with doreen, who has had to give up their paired job she loves. the head job. i can t for the driving. it s expensive. ....

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