How have the increased fuel prices affected you?

Petrol prices in the UK have continued to rise, with records being broken by the end of October 2021. As it stands, the new records mean both petrol and diesel now cost 30p per litre more than they did at the end of October 2020, this means that filing a typical family car’s 55-litre tank with either fuel is now around £16 more expensive than it was in 2020.

Petrol prices in the UK have continued to rise, with records being broken by the end of October 2021. As it stands, the new records mean both petrol and diesel now cost 30p per litre more than they did at the end of October 2020, this means that filing a typical family car’s 55-litre tank with either fuel is now around £16 more expensive than it was in 2020. Find out how you can manage some of the rising costs associated with fuel prices below:

  • Compare fuel prices before you fill up

    There are several ways to find out which petrol station is selling at the lowest price in your area. However, the easiest way is to compare prices is using a website called PetrolPrices.com. Once you have registered for an account, you can use your postcode to find the cheapest fuel prices in your area. Although you may only save a penny or two per litre, keep in mind that when you are filling up a full tank, this can make for a significant saving.

  • Make your vehicle more fuel-efficient

    If you are guilty of not doing weekly checks on your vehicle, the following tips might be of interest to you as these can save you money on fuel prices in the long-term. Low tyre pressures increase the drag on your vehicle. As a result, you need more fuel to accelerate and reach higher speeds. Keeping tyres inflated at the correct pressure will ensure that your vehicle operates more efficiently, while saving fuel. Moreover, taking off your roof rack if it’s not in use and keeping your car decluttered will help to take off some weight. This in turn will help your vehicle operate more efficiently.

  • Driving more efficiently could save money

    Speeding up smoothly is key to driving more efficiently. For instance, staying below 3,000 revs as a rule of thumb will help you to save fuel, as the harder you press on your accelerator, the more fuel will flow. Allowing yourself to speed up more smoothly, opting to change gears up sooner than usual will also make a significant impact on your MPG figure.

  • Consider sharing lifts

    One of the more obvious ways to save money on fuel costs is to try and cut down the amount that you drive. This isn’t an easy task for many of us, as we may find ourselves needing to travel for work or to see family members. However, there are a range of websites and phone applications available to find other commuters who may be willing to give you a lift or help fill up your tank if you are willing to give them a ride.

  • Walk where you can

    Start your new year with a petrol diet! You can save a huge amount of money by simply walking to your destination, wherever possible. If you opt to walk, you will not only be saving money, but you will also be exercising and burning calories.

Prepare for the future

Although you may not be able to save a lot of money between now and Christmas this year, being ahead of the Christmas rush can help to stretch your existing budget. It’s also a great time to start saving up for next year. Why not learn more about how you can start saving with Serve and Protect CU today via: www.serveandprotectcu.co.uk/save

  • The information provided in this article is for guidance and educational purposes only. Police Credit Union Ltd. does not offer regulated financial advice. Please seek independent financial advice.

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