Rising fuel prices hit three-year high
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Fuel is more expensive in Britain today than it has been for three years.
According to Allstar’s UK fuel price information, both petrol and diesel rose by more than 2p a litre in November, pushing average prices to their highest point since 2014. Unleaded has crept past the 120p mark and diesel has moved up to more than 123p.
While the RAC have suggested these sky-high fuel figures may come down at some point in the future, there is every chance we could see further surges in the short-term.
How will high fuel prices affect UK drivers?
There’s no denying that these high fuel costs are bad news for British drivers.
Filling up a typical small business vehicle (55 litre), such as a Ford Focus, with petrol will now put you as much as £65.70 out of pocket. A diesel tank, on the other hand, will force you to part ways with £67.16 *.
UK motorists are feeling the financial pinch because of global oil market prices, which recently rose to more than $60 (£44.74) a barrel. The strength of the sterling (against the dollar) has helped to keep prices lower than many initially anticipated. Still, there’s no escaping the fact that topping up will hit wallets hard.
People all over the country have been operating on lower fuel budgets for more than 36 months, so these growing prices (which may yet go up again) will certainly be an adjustment.
This begs the question: Is there any way to save money on fuel given the unpredictability of the market right now?
Save on fuel with an Allstar card
As the leading supplier of exclusive fuel cards in the UK, Allstar help people cut back on their vehicle costs by hundreds of pounds every year.
There are four different types of fuel card to choose from with Allstar – each of which are designed for specific types of drivers. Allstar One, for example, offers access to Discount Diesel at 1,800 sites, while the Supermarket+ fuel card lets you take advantage of cut-price petrol and diesel at the likes of Asda, Sainsbury’s, Tesco and Morrisons.
With maintenance, safety and performance features and discounts available with Allstar, you can manage your fleet in a far more effective way. The more control you have over your company cars, the better position you’ll be in to cut back on costs.
Whatever fuel your vehicles use, Allstar cards are designed to ensure you keep prices down to an absolute minimum. Explore the range today and see how much you could save on fuel throughout 2018.
If you have any questions, simply dial 03333 310 987. Our team will be happy to help. You can also leave a message or request a call back by completing our contact form.
*Estimates based on March 2018 prices detailed by the Allstar’s UK fuel price information.