OIL prices have surged past $100 a barrel for the first time since 2014 after Putin declares war on Ukraine.
The rising prices are hitting drivers at the pumps, with experts estimating it is now costing drivers £15 extra just to fill up.
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Russia is one of the world’s largest producers of oil, and prices are rising as concerns build over how the Ukraine crisis will impact distribution of supplies.
Crude oil has now hit $102.48 a barrel – the highest price seen in eight years.
It comes as Russia unleashed a missile attack on Ukraine this morning after months of growing tension between the two nations.
Around 200,000 Russian troops circled Ukraine’s north, south and eastern borders as the invasion began.
It’s having an impact on how much you are paying at the pump – the AA estimates that you’re now paying £14.72 extra for your fuel.
This is because those with a typical 55-litre tank will now be paying £81.73 – up from £67.01 last year.
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More to follow…
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