Fuel price surge could force one in ten drivers to cut hospital visits, survey warns

"The survey of more than 37,000 motorists found that 11.9 per cent of respondents believe they may have to reduce the frequency of regular hospital treatment or medical visits if petrol and diesel prices continue to rise sharply. Campaigners warn that sustained increases in fuel costs could have serious knock-on effects for both household finances and wider economic activity."

"Drivers responding to the survey indicated that if fuel prices climb by more than 20p per litre on average, many households will begin significantly reducing everyday spending in order to cope with rising transport costs. FairFuelUK warns that such behavioural changes could have wider economic consequences, potentially slowing consumer spending and increasing the risk of recession."

"The findings suggest that rising pump prices would quickly feed through into household budgeting decisions. More than 70 per cent of drivers said they would cut back on hobbies, eating out and entertainment if prices increased further, while nearly 60 per cent said they would reduce spending on branded food products."

A FairFuelUK survey of over 37,000 motorists reveals that 11.9% may reduce hospital visits and medical treatment if fuel prices continue rising. Petrol has increased nearly 10p per litre and diesel almost 14p per litre amid global energy market volatility. If prices climb over 20p per litre, households will significantly reduce spending to cope with transport costs. Over 70% of drivers would cut hobbies and entertainment, nearly 60% would reduce branded food purchases, and over half would switch to supermarket fuel or reduce grocery shopping. Approximately 41% would work from home more often, and 38% would consider public transport. These behavioral changes could slow consumer spending and increase recession risk.

Read at Business Matters