News released last week shows that petrol prices on the forecourts have risen by 20p a litre since the beginning of 2009, and so the average tank will now cost £11 more to fill up than it did at the end of 2008.
If prices continue rising at this rate, they could top £1.05 a litre by the end of the month, putting serious strain on drivers wallets before any rises in fuel duty are announced at the beginning of September, pushing prices up even further.
And to make matters even worse, if VAT returns to its normal rate of 17.5% at the end of this year, prices could rocket to as much as £1.20 a litre.
For those who drive a lot or commute to work, taking the hit on these prices seems unavoidable. But we’re sure a second massive rise in petrol prices in two years will leave occasional drivers wondering if the rising costs of running a car make it worthwhile to have one sat on their driveway losing value.
All of you WhizzGo members will surely be feeling quite pleased about only having to pay for a car when you need one, but anyone that hasn’t yet joined could definitely take advantage of our low rates when all other car costs seem to be rising. And we promise we won’t put our prices up!
Photo by Matt Gibson
Loading ...
“And we promise we won’t put our prices up!”
I’m not entirely sure you can keep that promise.
Well for how long do you make that promise? Obviously there was an unexpected price rise around the start of this year… one hopes that is still covering it.