Federal Minister of Transport et.al, the Hon. Lindsay Grant recently commented at a press conference, on the impacts that the Russia-Ukraine situation is having on oil and gas prices here in the federation.
Here is Minister Grant:
According to the New York Times “Oil prices approached US $100 a barrel on Tuesday, the highest in more than seven years, and European gas futures briefly jumped more than 13 percent, amid rising concerns over armed conflict in Ukraine after the Kremlin ordered Russian troops into separatist territories late Monday.”
Minister Grant also spoke on the affects the rise in gas prices may have on travel and travel cost to the federation:
