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Economics & Business News

The price of gasoline in the UK has reached an all-time high

The price of gasoline in the UK has overcome the historic mark of £1.5 per liter, becoming the highest figure in the history of statistics in the country, reports The Guardian.

According to analysts, the cost of gasoline in the coming days may rise to 1.6 pounds per liter (more than 210 rubles), while two years ago its price was at the level of 1 pound per liter.

According to experts, citizens will be hit hard by the political measures taken because of the situation in Ukraine. The country already maintains a high level of inflation, which at the end of 2021 was at 5.5% - the highest rate in the last 30 years, as well as a record increase in prices and taxes, analysts say. They are convinced that for many families who own a car, fuel may become unaffordable. Rising fuel prices will also affect the wallets of entrepreneurs, as their transportation costs will increase.

Earlier, British Prime Minister Boris Johnson announced the need to introduce tougher economic sanctions against Russia, he again demanded that the Russian Federation be disconnected from the international SWIFT system.

The price of gasoline in the UK has reached an all-time high