The price of petrol across the Uk has hit a new record high at an average of £1.48.02p per litre.
It marks a new all time high, beating a rate of 147.72p on November 20, the AA said.
Diesel has now risen to 151.57p a litre. On Thursday, it passed the previous record set on November 20 of 151.10p.
“The cost of living crisis has been ratcheted up yet another notch, tightening the vice on family spending when it faces other pressures from impending domestic energy cost and tax increases,” said Luke Bosdet, the AA’s fuel price spokesman.
A poll by the motoring association found 43% of households are cutting back on car use, other consumer spending or both, half of whom are lower earners, in the wake of the cost of living crisis.
Among drivers aged 18 to 34, 28% are cutting back on other consumer spending to compensate for rising petrol prices.
Across the 8,361 respondents of working age, 10% were cutting back on weekly shopping, rising to 17% among the 25-34 year olds.
