City Of London
Pound’s Slide Makes UK’s Petrol Crunch Even More Acute
A customer refuels a vehicle at a petrol station near Chelmsford, UK.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
A part of the UK’s soaring petrol and diesel prices is down to the nation’s slumping currency.
Record pump prices are closing in on £2 a liter (more than $8.50 per US gallon) and have even jumped above that at motorway service stations, according to the RAC motoring organization.