Car Insurance
Drivers feel the pinch as fuel prices rise
Wed, 19 Apr 2006
British drivers will be looking to save money on their car insurance and other motoring costs this year, as fuel prices continue to increase on the nation's forecourts.
According to the latest figures from fuel price monitors, the average price for unleaded petrol in the UK increased to 94.6 pence a litre in April, up from 90.5 pence a litre last month.
At some petrol stations, prices have reportedly broken through the £1 a litre barrier.
With the recent sharp increases, the average price looks in danger of breaking the record price of 96 pence a litre set last September following Hurricane Katrina, with fuel price monitoring website PetrolPrices.com predicting that that could happen by the weekend.
With prices showing no sign of dropping, getting cheaper car insurance has become increasingly important to motorists hoping to offset the cost of fuel by saving money in other areas.
The rise in fuel prices has been attributed to the increased political tension between the US and Iran, one of the Middle East’s biggest crude oil producers.
However, oil and petrol supply companies have also been accused of taking too great a profit margin, and government taxation on fuel remains among the highest in Europe.
© Adfero Ltd
