Petrol and diesel prices putting people off from driving

Woolwich resident says petrol prices are 'astronomical'

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

Rising living costs have impacted the affordability of driving for people across the UK, with many thinking carefully about their method of transport. New research has found that almost half (48 percent) of motorists are avoiding unnecessary journeys due to rising fuel costs.

A further 23 percent have reduced their mileage in order to cut maintenance costs, Lloyds Bank research found.

The data found that three in 10 drivers have considered delaying the purchase or lease of a new or used vehicle by an average of two years. 

However, used cars remain a popular option, with almost half (45 percent) of drivers surveyed opting for a secondhand car for their next vehicle purchase to make savings wherever possible.  

The latest data from RAC Fuel Watch could see motorists struggling for a while longer.

Both petrol and diesel prices have risen somewhat dramatically since the start of October, with unleaded petrol up to 165.61p per litre.

Diesel prices are still significantly higher than petrol, with average costs being around 190p per litre.

Nick Williams, Transport Managing Director, said that drivers were being faced with tough motoring decisions as the cost of living crisis rages on.

He added: “Households across the UK are continuing to feel the cost-of-living bite, especially when it comes to their method of transport. 

DON’T MISS
Drivers face huge £1,000 fine for little-known parking law [WARNING]
Drivers urged to use specific kind of petrol instead of E10 [SHOCKING]
Petrol and diesel cars should be ‘upcycled’ instead of scrapped [INSIGHT]

“Rising fuel and electricity prices have put yet another strain on people’s finances as we head into the winter months.   

“Despite this, it’s encouraging that the appetite for electric vehicles remains and those who can make the transition are making an important contribution towards the UK’s overall net zero ambitions.  

“However, challenges still lie ahead. All eyes will be on the Chancellor’s Budget this month for further incentives to safeguard the goodwill and momentum behind the increased adoption of electric vehicles that we’ve seen throughout the year.” 

At the same time, many motorists are considering making an imminent move to electric or hybrid, in order to make savings and benefit the environment. 

Get FREE MOT with Halfords Premium Motoring

£100 £4.99 a month View Deal

Halfords is offering an incredible deal where you can join the Premium Halfords Motoring Club and get FREE MOT from just £4.99 a month. With benefits worth over £100, don’t miss the chance to join now.

You can get also get a FREE membership when you join the Halfords Motoring Club, which includes a FREE 10 point car check, £10 off MOT and more. 

Electric cars remain attractive to motorists, with half of survey respondents considering a move to electric or hybrids for their next vehicle.

More than three-quarters agree that switching to electric is the better choice due to environmental benefits.

Drivers who already have an electric vehicle are continuing to make huge savings on running costs. 

According to ZapMap, an average daily commute of 10 miles at current fuel prices costs £617 a year for petrol users.

This can be compared to £325 per year for electric variants of the same car model.

Electric car drivers are also exempt from any emissions-based charging areas, like Clean Air Zones, Oxford’s Zero Emission Zone and London’s ULEZ.

According to the RAC, it costs 10p per mile to use a standard EV home charger, compared to 19p for petrol and 21p per mile for diesel.

The most intensive ultra-rapid chargers cost 18p per mile, although very few drivers will exclusively use these to charge their car.

Source: Read Full Article