British drivers have already been hit with hike in insurance costs as well as face the threat of a 12% increase in Insurance Premium Tax from June, this year. The Chancellor has continued with the fuel duty freeze but statistics from the reputed insurance provider RAC suggest that motorists are still paying more for fuel when compared to previous years. Although, the prices of petrol and diesel have not seen high alterations in the last month, they are still higher than what the motorists paid last year.
RAC statistics suggest that this year the UK motorists pay £10.22 more on petrol and £11.55 more diesel when compared to last year. The North East region drivers pay the least for fuel with an average 121.19p for diesel and 119.34p for petrol. The motorists living in the South East region pay 123p for diesel and 120.94p for petrol.
RAC fuel spokesman Simon Williams expressed his views by saying that “The agreement between OPEC and non-member countries seems to be holding firm for the time being which is not good news for motorists. For prices at the pumps to come down again we would need the oil price to reduce and the pound to make up some of its lost ground on the dollar.
“So a month where fuel prices have stayed broadly the same is welcome news. Given the global oil production situation and the weaker pound all we can really hope for at the moment is some continued price stability on the forecourt.”
This brings us to a clear conclusion that motorists need to start saving on fuel so as to balance other expenses of enjoying the luxury of a car. You need to be economical about driving a vehicle and save on fuel, repair and insurance costs. This will pull down the cost of motor driving to a bare minimum and would not inflate the household bills.
Find here, five tips for saving on fuel costs:
Go for half tank: For motorists driving in the city, it is advisable to keep the tank half empty. For regular daily usage, keep a habit of having half a tank of fuel as this reduces condensation and prevents extra repairing costs.
Chart the route: By planning the route in advance, you can choose the shortest route or the one with low traffic. This will save you from frequent cold starts which eat up a considerable amount of fuel which leads to a fat fuel bill.
Maintenance is a must: Keeping your vehicle in a good condition by regular maintenance is the best way for reducing fuel consumption. Therefore, be regular with your vehicle service, keep your vehicle in a high performing state and cut down on the annual fuel costs.
Keep a slow speed with high gear: The habit of keeping the lowest speed at the highest gear is the key to saving fuel. This will also depend on the road conditions and the kind of car you have. Therefore, it is advisable to ask a mechanic about the ideal speed for a particular gear.
Keep the boot light: Extra weight in the vehicle would increase the consumption of fuel so when not required keep the extra things out of the boot. This is especially true for smaller vehicles with a low overall weight.
Apart from the fuel and repair costs, you also need to keep your motor insurance cost under control. This would be helpful in keeping the overall motoring bills under limits. For this, you need to compare car insurance providers in the UK and choose the cheapest deals with the biggest discounts.
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