Motorists overpaying for fuel, EV uptake slow in certain regions

Motorists overpaying for fuel, EV uptake slow in certain regions

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According to a new report British motorists are overpaying at least £2.50 per tank at filling stations.

Research carried out by fuel price champion FairFuelUK revealed that since early last month retailers have increased petrol and diesel prices by well over 5p per litre. This means motorists are paying £2.50 more to fill up the average 50-litre tank.

On 4th May, the researchers found, wholesale diesel sold for 120.5p per litre. Eleven days later the price reached 120.8p per litre. At petrol pumps, however, the price per litre increased from 126.8p to 132.2p during the same period.

As a result of price increases, FairFuel UK said, filling stations have made an extra £500m over the last 3-month period. The organisation’s founder, Howard Cox, said drivers were being ‘exploited’ by filling stations.

He added: “In Germany and France pump prices can fluctuate daily, even hourly. The cost of filling up in these countries accurately reflects oil and wholesale prices. Here in the UK, motorists and businesses are exploited ruthlessly by greedy speculators and the fuel supply chain.”

The study also showed that the petrol price differed from station to station, with the highest prices being recorded in rural regions, where filling stations often have little or no competition.

FairFuel researchers, for example, found that within five miles from Birmingham there was a 28p difference between the cheapest and most expensive price per litre charged by filling stations

In 2017 the British government announced plans to ban all diesel and petrol cars by 2040 as part of its ‘Road to Zero’ policy which aims to get rid of pollution on UK roads.

Electric car uptake

Electric cars will of course also play a major role in the elimination of pollution. The latest UK government figures, however, show that certain regions of the north and north-east were among the worst performers in Scotland when it comes to the uptake of electric vehicles.

In March 2018 there were 7,287 ULEVs (ultra-low-emission-vehicles) registered north of the border, an increase of 55% compared to the 5,051 reported a year ago. But only two council areas are keeping up with the national average.

The fourth-biggest increase was notched up by Moray (76%), while Orkney’s increase was on par with the 55% benchmark. Aberdeen recorded a 54% increase and currently has 443 ULEVs, the 5th biggest ULEV total in Scotland. Aberdeen managed to increase its total by 38%, from 227 to 313.

The only local authority in the north and north-east to do worse was the Western Isles, with its 28% increase.

Right at the top, with an increase of 105%, was Renfrewshire, which now boasts 1,243 ULEVs. North Lanarkshire was at the bottom of the pile with an 18% increase to 228.

Electric cars currently comprise only 0.3% of the 2,964,000 vehicles on Scotland’s roads.

The CEO of the Scottish Motor Trade Association, Sandy Burgess, said: “It would appear that the numbers are rising albeit slowly but it is a big, big market.”

Whether your fleet still consists of gas-guzzlers or you have already switched to the latest EVs, it is important to make sure you have the best possible fleet insurance.

 

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