BP stated out today that it is expecting the price of the Deepwater Horizon oil tragedy to be $7.7bn (£4.8bn) larger than earlier thought, making the total bill to almost $40bn.

The oil giant published the fresh charge to deal with the price of the Gulf of Mexico fall along with its financial out come for the 3rd quarter of this year. It put blame on the holdup that determined its efforts to close the seepage, along with elevated clean-up prices and official fees.

The latest expense banged BP's pre-tax earnings for the third quarter of 2010 downward to $1.8bn, behind from $4.98bn a year back.

Late in July BP put to one side $32.2bn to shield the expenditure of the clean-up, in excess of the City had anticipated, a shift that pressed the group into a record loss of $17bn for the subsequent quarter of 2010.

At that moment, although, the Macondo well was yet seeping out oil into the ocean, and was just lastly closed down in mid-September.