Russia’s invasion of Ukraine has led to a spike in crude oil prices, which in turn has led to several records in gas and diesel prices.
Lyssna: Spike in gas and diesel prices due to Russia’s invasion of Ukraine
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Russia’s invasion of Ukraine has led to a spike in crude oil prices, which in turn has led to several records in petrol and diesel prices.
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Jessica Alenius, CEO at Drivkraft Sverige, says shipping companies, refineries and banks across the world are rejecting Russian oil.
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In practice that leads to an oil shortage, which in turn leads to higher prices, she says.