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Alan Duncan says sanctions could lead to ‘economic collapse’ in west if taken too far – UK politics live

Latest updates: follow all developments in UK politics and the country’s response to the situation in Ukraine

  • Ukraine – Russia war: latest updates
  • What we know on day 12 of the invasion
  • UK minister denies plans for humanitarian route for Ukrainian refugees

Average petrol prices have exceeded 155p per litre for the first time as oil prices continue to soar due to Russia’s invasion of Ukraine, PA Media reports. PA says:

Figures from data firm Experian Catalist show the average cost of a litre of petrol at UK forecourts on Sunday was 155.62p.

The price of diesel is also at a record high of 161.28p

Markets slide as soaring oil and gas prices stoke stagflation worries

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