Petrol falls below 150p a litre for the first time since Russia invaded Ukraine

Fuel prices have fallen below 150p a litre for the first time since Vladimir Putin’s invasion of Ukraine.

Due to Western sanctions against Russia, fuel prices rose to record levels of 191.53p per litre in July.

According to the AA, however, the average pump price dropped to 149.74p Monday. Petroleum prices were lowest on February 24, when Russia invaded.

Diesel is now averaging 172.21p per litre. It was 153.05p before the Russian invasion and then a record of 199.07p on July 1.

Luke Bosdet is the spokesperson for the AA on pump prices. He stated: “A 41.8p/litre crash in average pump price petrol is a huge relief to drivers, cutting £22.99 off the cost of filling a typical car tank (55 litres)

“Fuel at 150p per litre is historically still way higher than the April 2012 record price of 142.48p. This was the old yardstick for dire pump prices.

Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe or follow SHARE TALK on our Twitter page for future updates. Terms of Website Use All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

Weekly Newsletter

Sign up to receive exclusive stock market content in your inbox, once a week.

We don’t spam! Read our privacy policy for more info.