New Diesel and Petrol Rule to Cost Drivers £122 Starting in October

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By Lydia Amazouz Published on 7 September 2024 21:15
New Diesel and Petrol Rule to Cost Drivers £122 Starting in October
New Diesel and Petrol Rule to Cost Drivers £122 Starting in October - © en.econostrum.info

A driving expert has warned that the new Labour government's intention to eliminate fuel duty could have a significant impact on drivers, potentially costing an additional £122 per year.

Drivers Face Increased Costs as New Fuel Rules Take Effect After Autumn Budget

Motorists are concerned about the change, which will take effect following Chancellor Rachel Reeves' Autumn Budget and fiscal statement.

Tim Rodie from Motorpoint highlighted the financial burden for drivers saying: "With the average driver already spending close to £180 a month on fuel, it's no surprise that the prospect of further price increases has been met with apprehension."

He explained: "While the fuel duty cut introduced in 2022 was only ever a temporary measure, anything that puts additional financial pressure on motorists is going to be largely unpopular."

Furthermore, he stated that Motorpoint has predicted that drivers will spend approximately £2.35 extra each time they fill up their vehicle.

New Fuel Rules to Cost Drivers £122 More Annually

BirminghamLive reported that, under the new rules, drivers who make a weekly trip to the pump will pay an extra £122 annually, while those who fill up monthly will see an additional £28 charge. Individuals who refill biweekly will face a £57 increase.

Rodie also expressed his thoughts on speeding, emphasising the financial effect: "Speeding won't just leave you at risk of a fine and points on your licence, but it's terrible for fuel economy. Research has shown that sticking to the speed limit on the motorway can increase fuel efficiency by up to 25 per cent compared with driving at 80mph."

"So, to save fuel, it's a good idea to stick within the speed limit and try to drive at a consistent speed as much as possible."

He also advised: "Over time, we all pick up bad habits, but driving like you did when you took your test can really help with fuel efficiency."

"For example, no matter how desperate you are to get to your destination, accelerating too quickly will waste fuel and won't do much for your arrival time."

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