Petrol to surge to £1.70 a litre - with pasta, bread and beer prices also set to rise after Russia's Ukraine attack

Petrol and diesel prices will surge past £1.70 a litre due to Russia's attack on Ukraine, says the chairman of the Foreign Affairs Committee.

That's not all; there will be huge spikes in the prices we pay for goods like bread, pasta and beer.

Gas and electricity costs will continue to soar.

Chair of the Foreign Affairs Committee Tom Tugendhat said the cost-of-living crisis will become “driven by war”, with gas and food prices in danger of rising much higher than expected.

Read more:Retired Army General warns Britain could soon be at WAR with Russia

The Conservative MP told the BBC’s Today programme: “The Russian people are still flying using planes with Rolls Royce and General Electric engines.

“The money still needs to be transferred and the cost of transferring that money still has an effect on the Russian Exchequer.

“The decisions made around Europe are absolutely going to shape the way Vladimir Putin sees this because the reality is that if we leave this to stand, if we let this pass, you can forget about petrol at £1.70 a litre, which is where it’s heading now. It will be significantly higher.”

He added: “10% of the world’s wheat is grown in Ukraine and the idea that this year is going to be a good crop, I’m afraid, is for the birds.

“This is absolutely one of those moments where we’re going to see the cost-of-living crisis driven by war.”

Wheat from Ukraine and Russia is used in global production of bread, beer, pasta and many other staples.

Experts from KSI finance say that while the UK only relies on Russia for around 3 per cent of its gas supply, it's the global market that determines the wholesale gas price.

So any shortage in supply from Russia to the rest of Europe will still have a knock-on effect on prices