Published On: Sat, Apr 26th, 2014 on 12:57 pm

Fuel cost top concern for UK car owners, despite freeze

Fuel Gauge

The price of fuel seems to remain a huge concern for many motorists despite news fuel duty is being frozen, expected to save motorists around 20p for every litre of petrol used.

Vehicle marketing company British Car Auctions (BCA) asked for the opinions of 400 motorists about their biggest money worries and compiled the data.

70% of car owners said they were most uneasy about the cost of refilling their car, which also happens to be the same figure as last year.

Tim Naylor, editor of the report, said: “With nearly three-quarters of respondents to our survey using their car everyday, clearly every aspect of the cost of motoring is a worry.

“The cost of fuel remains top of the list of concerns. The reality is that fuel prices today are still much higher than they were just a few years ago – and for many motorists it’s hard to forget when unleaded was under £1 a litre.”

Other concerns put forward by car owners included the cost of road tax, insurance costs, servicing costs, and the cost of parking.

Over half of those surveyed also said they have considered changing their current car for a more fuel-efficient model in the last 12 months.

Treasury analysis recently released by Chancellor George Osborne, suggests freezing the fuel duty will boost the economy by up to £7.5 billion over the period of 20 years.

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