The UK is one of the European countries that has done the least to support drivers with rocketing pump prices since Russia’s invasion of Ukraine, new RAC Europe data analysis shows – leading UK drivers to pay as much as 20p more per litre of petrol than drivers in France. Out of 13 EU countries that have cut tax on petrol in order to ease the spiralling costs faced by drivers every time they fill … [Read more...]
Tradelines 29 June
New Honda Civic hybrid prices start from £29,595, or from £349 per month through Honda Finance. All-new self-charging Civic is available to order now Honda dealers and deliveries begin in October with the top models running from £32,955. A fleet of 36 electric buses launched at the start of the year have saved over 550 tonnes of carbon dioxide from the atmosphere, Cardiff Bus has … [Read more...]
Soaring pump prices fuelling inflation and misery
As pump prices smashed through the £2.00 a gallon ceiling, pressure is mounting on the Government to dramatically cut its duty and VAT take from motorists. Nearly half of the pump prices paid by drivers is duty or tax which goes back to the Government and the RAC said today that the Chancellor's 5p cut after the Ukrainian invasion has already been offset by the rising charges. RAC fuel spokesman … [Read more...]
Electricity charging costs rise 21% as market grows
The era of cheap electricity to charge a new low emissions car is disappearing while their sales are rising in the latest production figures from the Society of Motor Manufacturers and Traders. The average price of charging an electric car on a pay-as-you go, non-subscription basis at a publicly accessible rapid charger in Great Britain has increased by 21% to 44.55p per kilowatt hour since … [Read more...]
Tradelines 25 May
Just one in four fleets (26%) say that they have been affected by the global semiconductor shortage that has caused a marked reduction in worldwide vehicle production. Findings from the Arval Mobility Observatory’s 2022 Barometer show that 16% report having been impacted when acquiring petrol, diesel and electric vehicles (EVs); 5% on EVs only; and 5% on petrol and diesel vehicles only. … [Read more...]
Newslines 6 May
Automotive finance provider, JBR Capital, has launched into 2022 with a record-setting four-month period – the most successful since the company was founded in 2015. Based in London, JBR Capital has lent over £80 million from 1 January to 30 April 30, enabling an ever-growing number of clients to fund their passion for high-end vehicles. The new 536bhp Flying Spur Hybrid – the second … [Read more...]
Chancellor’s cut is not deep enough
Research by used car buying service ChooseMyCar.com has revealed over 90 per cent of drivers believe the Chancellor’s reduction on fuel duty has had zero impact on their fuel bill. Spiralling fuel costs led Chancellor Rishi Sunak to cut the fuel duty by 5p a litre in a move that was widely welcomed. However, the new study suggests that it doesn’t go far enough, with an overwhelming majority … [Read more...]
Newslines 15 March
The average price of petrol appears to be on a collision course with £1.65 a litre having reached a new record of 163.46 p on Sunday, up by 2.5p from Thursday. Diesel hit another record high on Saturday at 173.67p, up 3.5p from two days earlier, said RAC fuel spokesman Simon Williams, who added that drivers should soon get some respite from pump prices jumping by several pence a litre every day … [Read more...]
No justification for fuel pump rises, says RAC
The RAC is urging retailers to hold firm and not hike pump prices, despite a barrel of oil nearing $100 – a price last seen in September 2014, nearly seven and a half years ago. The cost of oil has increased by more than 60% in the last 12 months, from around $60 last February, due to global oil production continuing to be out of kilter with demand which is now increasing as the pandemic begins … [Read more...]
Petrol and diesel price cut must come this week
Retailers must cut the price of petrol and diesel this week or risk losing all credibility with drivers, warn the RAC. RAC Fuel Watch data shows the price of oil fell by $10 a barrel to $73.18 last Friday on top of already lower wholesale prices meaning petrol is now around 12p a litre too expensive while diesel is 10p too high. Unleaded is currently at an average of 147.64p a litre and … [Read more...]
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