Moreover, further increases in the price of fuel across Britain were predicted as the chairman of RMI Petrol, Brian Madderson, said: “By the end of the month, diesel will have hit a record high while petrol will be pushing up towards record levels as suppliers scrabble to bring in supplies from Europe.”
The price of diesel is predicted to rise to a record GBP 1.45 per liter, which would mean that a typical family saloon would cost GBP 100 to be filled up.
The record hikes in the price of fuel in Britain come less than a week after the European Union countries announced an embargo on Iran's oil exports.
Fuel retailers in Britain have warned that British motorists will face further chaos as a result of the EU's decision.
Furthermore, the increase in fuel price in the UK will adversely impact the London Olympic Games as Richard Howitt, East of England Euro MEP, said: “I don't want to be alarmist about this, but I don't want to be dishonest either. Supplies across London and the South East could be affected and I have been told this could impact the Olympics.”
Source/UK banned Press TV