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You are here: Home / ukraine subreddit / Oil rises as EU mulls Russian ban; UK chancellor hints at fuel duty cut – business live

Mar 21 2022

Oil rises as EU mulls Russian ban; UK chancellor hints at fuel duty cut – business live

European shares turn positive; Brent crude climbs to $112Rouble weakens slightly, federal loan bond trading to resume in MoscowIntroduction: Houthi rebel attack on Saudi refinery also drives oil prices higherUkraine live updates

The UK chancellor has hinted at a fuel duty cut in this week’s spring statement.

Hopes of a 5p per litre reduction were raised when Rishi Sunak said he would help families struggling with the cost of living when he presents his “mini-budget” on Wednesday. He said over the weekend: “Where we can make a difference, of course we will.”

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