Claim: The oil price today is £96 a barrel as petrol approaches £2 per litre. In June 2008, it hit £109 a barrel yet petrol was £1.19 per litre.
Fact-check: Crude oil is not cheaper in pounds now than in 2008 - Full Fact
Verdict: while some of these figures are broadly correct, this post does not account for changes in currency exchange rates. as a result, it is not true that crude oil is cheaper in pounds now than in 2008.
Organisation: Full Fact
Author: Hannah Smith
Date published: 2022-06-16T00:00:00