Cost of motoring rises by 13.5 per cent
Published on : 20/10/2008
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The cost of running a car has risen by around 13.5 per cent since last year, compared with a rise of only 2.7 per cent between 2006 and 2007, according to Sainsbury's bank.
Research from the bank shows that the highest rise has been in the cost of fuel which has increased by 19 per cent from last year.
Tax has also risen by 12.5 per cent, although the figures show it has risen by almost a third since 2006.
Joanne Mallon, Sainsbury's car insurance manager, said that rising oil prices were likely to push the price of fuel back up and the increase in road taxes had contributed to higher overall costs.
She added: "Those costs, though, can be kept better in check by shopping around for car insurance and fuel for example."
Today, supermarkets announced a second round of fuel cuts after bringing the price of petrol under £1 a litre.
Morrisons and Asda have cut unleaded down to 97.9p, followed by Tesco.
