Cost of motoring rises by 13.5 per cent

Switch today and save £618*

in partnership with Banner_uswitch

Looking to switch your business energy supplier? Click here

* Between 1st June 2016 and 30th Nov 2016, at least 10% of people who switched energy supplier for both gas and electricity with uSwitch saved £618*

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.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.



Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.