More than half of households cutting back on energy use

More than half of UK households (52%) cutting back on gas and electricity use according to the latest Office for National Statistics (ONS) figures.

Average energy bills for families on a standard variable tariff went up by 54% in April after a change in the government price cap.

The research found that more than 40% of UK households also said they are reducing non-essential travel in order to spend less money on petrol with more than three-quarters of households also said they have witnessed an increase in the price of fuel.

The poll, carried out between 25th May and 5th June, also showed an increase in the number of people saying they are spending less on food and essentials – from 36% two weeks ago to 41%.

The price of petrol has also increased dramatically, with the RAC hailing Thursday a “dark day for drivers” after the cost of filling up a family-size car surpassed £100 for the first time.

The ONS survey found that 40% of people say they are cutting back on non-essential travel to avoid paying more for petrol. According to the latest data from the RAC and Experian, the average cost of petrol is 183.2p per litre and 188.8p per litre for diesel.

Soaring prices are the result of an increase in the cost of oil, sparked largely by the Russian invasion of Ukraine and post-Covid surge in demand.

There are fears they will go up even further after CPI inflation increased to 9% in April and as China’s manufacturing sector gets back to business following a series of strict lockdowns.

Commenting on spiralling fuel costs, AA President Edmund King said “High streets are already reeling from families cutting back in this cost-of-living crisis. With soaring petrol costs, shop tills are haemorrhaging £23 million a day to fuel.”

“Worse still, as the holiday season approaches, UK tourism will see millions of pounds of potential spending by visitors lost to higher petrol costs at forecourts along the way. This is the worst week of pump pain so far for drivers.”