Cost of living squeeze could push UK into ‘mild recession’; petrol price hits fresh highs – business live

Petrol prices hit fresh record highs at UK forecourts over the weekend, adding to the cost of living squeeze.

The average price of a litre of petrol rose to 191.05p on Sunday, data from Experian Catalyst shows.

That takes the cost of filling a typical 55-litre family car to £105, up from around £72 a year ago.

Diesel hit an alltime high of 199.09p/litre on Saturday, as it headed towards the £2 mark, before dipping back a little yesterday.

Edmund King, AA president, said…