In last year’s budget, the Chancellor stated that the fuel freeze would save UK motorists £160 annually, but this week, he said that the very same freeze is costing “twice as much as we spend on all NHS nurses and doctors each year” – £38 billion.
If the price freeze is discontinued, it is likely that many of us will feel the impact – it has been estimated that for a two-car family, even a 2-pence increase in the imminent Budget could mean that an additional £50 every year is added to our ever-increasing bills.
If the eight-year fuel duty freeze does come to an end, amidst concerns about the merger of supermarket giants Asda and Sainsbury’s, fuel costs could spiral even higher. Prices have reached their highest level since 2014, and costs have risen for the tenth week running.
Top ways to reduce fuel costs
- Make sure that your tyres are kept well-inflated and get rid of any additional unnecessary weight like roof racks, general baggage
- Don’t use your air-conditioning if you don’t need it on, particularly when you are driving at lower speeds
- Shop about before you refuel – websites like PetrolPrices.com are a quick and convenient way to do this
- Don’t over-rev your engine and accelerate gently
- Drive using the highest possible gear that the speed you are travelling at and your vehicle will allow
- Decrease speed as naturally as possible and avoid sharp braking
- Try to keep the engine running instead of re-starting your engine whenever possible
Economical vehicle advice
If you are looking to change your vehicle, there has never been a better time to take a look at eco-friendly options such as hybrids or electric cars.
By leasing a new car, you also have the added convenience of fixed cost motoring and low monthly repayments – browse our website today to check out some of our cheap EV and hybrid contract hire and lease deals or call the team on 01480 437 982.
Vehicle Savers: Let us help you lease a new car!