Petrol prices in the UK have reached a record breaking high, with experts warning that costs will continue to rise. Last week, the RAC revealed that the average price of petrol rose to 180.73p per litre on June 7, before ascending again on June 9, with petrol at 183.16p a litre and diesel at 188.82p.
Some stations in England are charging over £2 with the final cost of a full tank in the UK now coming in at over £100 for a family car, the Mirror reported.
The news is a further blow for motorists, who are already facing mounting bills due to the cost of living crisis, which is seeing energy prices soar.Prices across the globe are hiking up as the war in Ukraine continues to worsen issues with oil costs.As countries turn away from using supplies from Russia - the world's third-biggest supplier of oil - prices are rising and hitting the pockets of consumers, while government attempts to control the problems appear to be making little impact.Taxes also play a part and at £1 a litre, 75% of the cost is tax.
VAT also contributes to the pump price.It isn't just the UK, which is committed to phasing out Russian oil by the end of 2022, that is struggling with petrol costs.Thanks to the war in Ukraine and oil supplies already being in high demand, the price of oil around the world is going up and the highest petrol prices can currently be found in Hong Kong.According to Global Petrol Prices, a price of 2.364p per litre can be found in the administrative region, followed by Norway with 2.281p.For diesel, the UK is eight behind Hong Kong, which tops the list again, followed by Sweden, Norway, Monaco, Iceland, Finland and Denmark.Hong Kong's diesel price is reported to be 2.182p per litre as of June 6.With UK petrol and diesel
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