Cost of filling petrol car hits £100 in ‘truly dark day’ for drivers; ECB plans July rate rise – as it happened

UK fuel prices keep climbing and European Central Bank signals end of ultra-loose monetary policy

• Latest: ECB cuts growth forecasts, lifts inflation outlook
• ECB intends to raise rates by quarter-point next month
• UK petrol prices at fresh record
• Poundland: UK customers cut back on essentials
• DFS warns on profits as furniture orders fall
• UK growth to stall in Q2 and Q3, and shrink in Q4

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.