Ukraine crisis: How Russia’s invasion of Ukraine could impact on Worthing’s petrol prices and economy

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Prices of petrol, energy bills and shopping could rise across Worthing and West Sussex as part of the fallout of Russia’s military assault on Ukraine.

Prime Minister Boris Johnson is due to address the Commons at 5pm today (Thursday, February 24) to outline a ‘massive package’ of sanctions by the UK against Russia’s economy.

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However it comes as oil prices surged past $100 (£74) a barrel to hit their highest level for more than seven years following the Russian invasion.

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Russian military vehicles are seen loaded on train platforms some 50 km off the border with the self-proclaimed Donetsk People's Republic in Russia's southern Rostov region. (Photo by STRINGER / AFP) (Photo by STRINGER/AFP via Getty Images) SUS-220224-111514003Russian military vehicles are seen loaded on train platforms some 50 km off the border with the self-proclaimed Donetsk People's Republic in Russia's southern Rostov region. (Photo by STRINGER / AFP) (Photo by STRINGER/AFP via Getty Images) SUS-220224-111514003
Russian military vehicles are seen loaded on train platforms some 50 km off the border with the self-proclaimed Donetsk People's Republic in Russia's southern Rostov region. (Photo by STRINGER / AFP) (Photo by STRINGER/AFP via Getty Images) SUS-220224-111514003

This price hike could then filter down into the prices paid at the pumps and domestic fuel bills, leading to higher and lasting inflation.

Transport costs could also increase as a result, which could have an impact on supermarket prices and for goods.