Claim: Oil is $110 a barrel and petrol can cost £1.70 per litre. In 2008 oil was $140 a barrel but petrol was only £1.04 a litre.
Fact-check: Why is petrol more expensive now than it was 15 years ago? - Full Fact
Verdict: the oil prices are correct as of july 2008 and early march 2022. the current petrol price figure is broadly accurate, but the figure given for 2008 is around 15p lower than the price of petrol actually was when oil reached $140 a barrel.
Organisation: Full Fact
Author: Joseph O'Leary
Date published: 2022-03-18T00:00:00