Oil prices have gone above $100 for the first time since 2014 after Russian president Vladimir Putin announced an invasion of Ukraine, which could have a further impact on petrol prices in the UK.

Brent crude reached highs of $102.48 on Thursday (February 24), rising by more than 5%, as reported by The Independent. 

Motorists are being warned over the possibility of petrol prices soaring to £1.60 a litre in Essex.

Average fuel prices at UK forecourts are already at record highs, and the situation is expected to worsen as retailers pass on further rises in wholesale costs.

RAC fuel spokesman Simon Williams said: “Russia’s actions will now push petrol pump prices up to £1.50 very soon.

“The question then becomes where will this stop and how much can drivers take, just as many are using their cars more and returning to workplaces.

“If the oil price was to increase to 110 US dollars, there’s a very real danger the average price of petrol would hit £1.55 a litre.

If you’re looking to fill up your car responsibly in Colchester here is a list of the petrol stations in the area.

What are the 24-hour petrol stations in Colchester?

Ardleigh South Services - A120 Westbound

Asda - Turner Rise

BP - Cuckoo Farm Way

BP - 154 Mersea Road

BP - London Road

Britannia Service Station - 17 Mersea Road

Esso - Colchester Road

Tesco - Greenstead Road

Texaco - Mersea Road