Rolling coverage of the latest economic and financial news
- UK petrol prices at fresh record
- Poundland: UK customers cut back on essentials
- DFS warns on profits as furniture orders fall
- Fewer inquiries at UK estate agents
- UK growth to stall in Q2 and Q3, and shrink in Q4
- Coming up: European Central Bank meeting
Petrol prices are likely to keep rising, and could hit an average £2 per litre, warns the Petrol Retailers Association.
PRA director Gordon Balmer told Sky News that prices were ‘peppering the £2 per litre mark’ at the moment.
Our members don’t want to sell at these prices, but they can’t sell at a loss.
Many of our members know their customers personally, they come in on a regular basis, and they know the pressures that this puts on household budgets.
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