The USA has delivered fresh sanctions against Russia banning oil, gas and coal imports from the country.
Both American and Australian drivers are likely to experience an increase in fuel prices over the coming days, with the prices in the USA already increasing.
Currently the price of fuel in America is the highest that it has ever been, beginning to clear $1.50 per litre. Since Russia begun military operations in Ukraine less than two weeks ago the price of fuel has already increased in the U.S. by 75 cents per litre.
Other European countries are likely to follow the USA’s lead; which is likely to further increase the global price of oil.