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BBCNEWS BBC News at Ten June 4, 2024 21:14:00

European union leaders have now agreed a plan to block up to 90% of oil imports from russia, part of a new package of sanctions to punish the kremlin for the invasion of ukraine. our business editor simonjack has this report. on this forecourt in essex, drivers are getting used to bad news. there was more today, as petrol prices hit a new record. i m probably doing 50 quid easy a week. it s only five miles a day. it s ridiculous. just try not to use it as much. be selling it soon. when i first got it a couple of years ago, it was costing me 35 to fill up, and now it s 60, so it has gone up a lot. so many different things in my business it s - affecting, so, yeah, - it s difficult, really difficult. for the first time ever, petrol hit £1.73 a litre. diesel, at £1.82, is hovering near its own recent record. that means the price of filling an average petrol tank is nearly £100 a milestone that diesel hit yesterday. behind these prices, another surge in the value of crude oil, but tha ....

Oil Imports , Business Editor Simonjack , Bad News , European Union , Petrol Prices , 41 82 , 11 73 , Crude Oil , Petrol Tank , Diesel Hit Yesterday ,

BBCNEWS BBC News at Ten June 4, 2024 21:15:00

As you can see, oil has been more expensive before, so why are we seeing new petrol and diesel records now, and how high could they go? well, oil is traded in dollars, and the pound has weakened this year. plus, russia also exports refined diesel and petrol, which is also being shunned, meaning prices are headed higher still. unfortunately, the price of petrol is on a collision course with 1.80 in the coming days, and it could be as high as 185. and i think it s very likely that diesel will reach 1.90 a litre. the latest surge in oil prices came after european union leaders agreed last night to cut 90% of all oil imports from russia by the end of the year to stop fuelling the russian war machine. these sanctions are biting hard and are really destroying and that s the goal the financial basis of putin leading this war and hitting hard the russian economy. ....

Collision Course , 11 80 , Oil Imports , Oil Prices , European Union , The End , War Machine , 11 90 ,

BBCNEWS BBC News June 4, 2024 12:49:00

By one. that number will have ust increased b one. , ., . , ,, by one. very informally guessing in our case, by one. very informally guessing in your case, jonathan. by one. very informally guessing in your case, jonathan. filling - by one. very informally guessing in your case, jonathan. filling the - your case, jonathan. filling the tank of a diesel car now cost more than £100 after the average price of fuel rose to 182.5 p a litre on sunday. dieselacross fuel rose to 182.5 p a litre on sunday. diesel across the uk average 131 point six p a litre. petrol prices have also hit a new record yesterday. time to look at the store is making the news across the united kingdom. in a first for scotland, victims of rape or domestic abuse will be given the opportunity to formally meet those who harmed them. in a process called restorative justice, victims of sexual abuse ....

Ust Increased B One , Petrol Prices , Pa Litre On Sunday , Dieselacross Fuel Rose , 182 5 , Restorative Justice , North East Scotland , Sexual Abuse ,

Pakistan: Petroleum products hiked by Rs 30 per litre

Uniindia: Islamabad, May 26 (UNI) Pakistan government on Thursday announced Rs 30 per litre increase in all petroleum products. ....

Miftah Ismail , International Monetary Fund , Minister Miftah Ismail ,

BBCNEWS Breakfast June 4, 2024 05:37:00

Because the government said from every litre 5p where? i the government cut fuel duty. have you noticed that cut at all? no. it s pretty much the same. it s gone up. it was low again a few weeks ago, now it s gone back up. so now were suffering again. i m asking people about petrol prices. scandalous. absolutely scandalous. scandalous! he didn t sound impressed and he is not alone. it s notjust drivers who are unimpressed. the government wrote to the trade body representing petrol retailers this week claiming the fuel duty cut had not been passed through to drivers in any visible or meaningful way. the competition and markets authority are going to take a closer look at what s going on. the retailers responded saying they share concerns, but that there are additional costs that need to be considered. they say they warned the government that a 5p fuel duty cut was not going to be enough to offset the costs of storage, delivery, payment card systems, electricity and the higher minimum ....

British Government , Petrol Prices , Cut Fuel Duty , 5p Where , Long Way To Go , What S Going On , Competition And Markets Authority , Petrol Retailers , Trade Body , 5p Fuel Duty Cut , Minimum Wage , Payment Card ,