After months of cheap fuel, the price of petrol and diesel is set to rise. As a result of escalating oil prices, drivers’ forecourt costs will increase after months of stable low prices. However, there was good news in the 2016 Budget. Chancellor George Osborne revealed that fuel duty will be frozen for the sixth year in a row.
However, the rebounding price of oil and the weaker pound could see fuel prices rise by up to 3p per litre in April. The result could have a dramatic impact on how Brits use their cars, according to new research by Green Flag. The study claims that 31 per cent of British car owners will drive less than they currently do because of fuel price rises. Astonishingly, one in 20 car drivers will stop driving altogether thanks to the increases. Continue reading