Motorists are facing a petrol and diesel hike after Russia, Saudi Arabia, Iraq and several Gulf states in the Opec+ group pledged to cut output by 1.2 million barrels a day.
Motorists are facing a petrol and diesel hike after the world’s largest oil nations pledged to cut output by 1.2 million barrels a day.
They have been accused of ‘holding the world to ransom’ after announcing the surpise move – which led to an immediate eight per cent jump in prices yesterday.
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