Fuel prices skyrocket to the most costly in 2 years

Published: 18 May 2018

Fuel prices skyrocket to the most costly in 2 years
This means in future, medium-sized cars that take 57 litres of fuel in their tank will cost around £71 to fill with fuel.
This has gone up by £8 when compared to August 2016, at which time the costs were at a low 110.8p per litre. Diesel has also gone up by £9 to fill a tank of the same size. Compared to August 2016, when costs were 111.9p per litre.
March this year onwards petrol and fuel costs have been on the rise by 4.2p and 4.1p per litre respectively.
The increase of prices is said to be putting one in five of potential drivers (18 percent) off of driving entirely while 13% have to stop refuelling their car on a regular basis to save some money each month.
The constant rise in fuel costs is putting one in five (18 per cent) of motorists off driving and one in eight (13 per cent) say they can no longer afford to fill up their car on a regular basis.
On top of this 16% of motorists say fuel costs are making it unaffordable to own a car.
Advisors are suggesting that drivers use more fuel comparison services to find the best bang for your buck in regards to fuel prices around the local area. While some are feeling the hit of costs, others are feeling more convinced to go green with fuels, saving money along with the environment.
According to 13% of drivers, the fuel price hikes have also meant that they could see themselves purchasing a hybrid car with 9% going battery-powered.
 Amanda Stretton, motoring editor at Confused.com, spoke about the matter:
 “Fuel prices are at their most expensive in almost two years and drivers are feeling the pinch. Motorists will need to budget even more to fill up their tanks, especially if they are planning any long-distance road trips this summer.
“To soothe the sting of sky-high petrol and diesel costs it’s more important than ever that drivers shop around to find the most affordable fuel.”
“Drivers can find the cheapest station in their local area using Confused.com’s fuel price comparison tool. Any money saved is a driver win!”
 
Top 5 petrol prices broken down by region
 
Isle of Man - 129.8p
 
South East - 124.8p
 
London - 124.5p
 
East of England - 124.4p
 
South West - 124.2p
 
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