Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The price of gasoline in the UK has updated the historical maximum


June, 07 2022
watermark Economic news

In Great Britain the average price for gasoline exceeded the level of 1,785 pounds sterling, which was the highest in the history of statistics. It is worth noting that the historical highs of prices are updated in Britain every few days over the past few months.


In addition, against the background of problems of oil refineries around the world and rising energy prices due to sanctions against Russia, the cost of diesel fuel is also growing. Its price has risen to a record 1.852 pounds per liter. In 2021, gasoline and diesel in the UK cost an average of 1.29 and 1.31 pounds per liter. 


Experts note that the increase in the cost of fuel in the country is observed even despite the reduction by the British government of the fuel duty by 5 pence per liter for the period up to March 2023. 


Analysts warn that record high fuel prices in the UK will inevitably lead to increased inflationary pressure. By the end of April, annual inflation in the country accelerated to 9% – the highest in 40 years. The Bank of England expects that by the end of the year the inflation rate in the United Kingdom will exceed 10%.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.