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The Shadow Economic Secretary to the Treasury Cathy Jamieson has said: “These record petrol prices come at a time when hard-pressed families are already being hit hard by tax rises and spending cuts that go too far and too fast.
“A temporary cut in VAT, part of Labour’s five point plan for jobs, would give immediate relief to hard-pressed motorists by taking 3p off the price of a litre of petrol and help jump-start our stalled economy too.”
The price of petrol has risen by more than 1.25p a litre in the past week.
Overall, UK drivers are spending more than £6.8 million extra a day on fuel compared with a year ago, and more than £24 million more a day than they were two years ago.
It is now costing drivers around £3.45 more than it was a year ago to fill a typical 50-litre tank with petrol, while the cost has risen about £12.30 compared with two years ago.
The extra monthly cost to a family with two petrol cars, each consuming an average of 106.17 litres a month, has risen by more than £2.65 in the last week, about £14.65 in the last year and around £52.24 in the last two years.
Hard-pressed motorists are paying record high prices for petrol, it has been announced.
The average cost of a litre of petrol has risen to 137.44p, topping the previous all-time high of 137.43p a litre in May 2011, the AA said.
The rise puts more pressure on Chancellor George Osborne to reduce the tax burden on drivers in his Budget later this month. Diesel is up to 144.67p a litre which is another new record.
The average price of petrol has reached 137.44p a litre - a new record, the AA has said.
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The recent spike in petrol prices puts more pressure on Chancellor George Osborne to reduce the tax burden on motorists next month.