10 Mar 2022

Russia's actions pushing up fuel prices

From Morning Report, 7:51 am on 10 March 2022

Fuel retailers are rapidly increasing prices at the pump, as sanctions prevent the purchase of Russian crude oil.

Russia is the third largest oil producer in the world; Reports from the BBC said oil and gas made up 60-percent of Russian exports in 2019.... and funded about 39-percent of the federal budget.

Now, energy companies are seeking assurances they are not inadvertently funding President Putin's regime.

Gull's general manager Dave Bodger spoke to Corin Dann.