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Motor Trade Insurance News

What To Do If You Put The Wrong Fuel In Your Vehicle

Putting the wrong fuel in a car, whether it’s petrol or diesel is something many motorists will always worry about happening to them, ok, maybe not drivers of electric vehicles. Most of us tend to put the world to rights in our mind while filling up at our local petrol station, maybe just thinking about what coffee to buy, unfortunately it only takes a second to make the mistake if you’re not paying full attention, and the consequences can be both financial and personal embarrassment once it happens.

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Competition And Markets Authority Increase Spotlight On UK Fuel Prices

Motorists currently struggling to afford the cost of putting fuel into new and used cars may be heartened to hear officialdom has been investigating the whole fuel-price saga. In June 2022, following prompting by Business Secretary Kwasi Kwarteng, the CMA (Competition and Markets Authority) committed to an urgent review of the UK’s volatile fuel market, their report was published on 08 July.

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What’s Next for Petrol Prices in 2022

Motor trade industry organisation, the RAC, have warned motorists look to be on the receiving end as they fear petrol prices will not be coming down anytime soon! Fuel prices continued to rise recently despite falling wholesale costs globally, prompting the question on every motorists’ lips, where are petrol prices heading in 2022?

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Summer 2021 Fuel Prices In The U.K

The pandemic appears to have had a mixed impact on motoring costs: Supply issues are pushing up new and used vehicle prices, while large-scale home working has reduced vehicle use and cut motor claims, thus lowering the cost of an insurance policy. Though this is welcome news for private motorists and perhaps those currently looking at their motor trade insurance cover, trying to predict how all this might affect fuel prices remains far from clear.

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VED And Fuel Duty Freeze

Some good news for the motor trade sector in the recent 2021 UK budget which has been well received by the industry, as well as many private and commercial drivers. The chancellor announced a freeze in fuel duty at the same time as extending the furlough scheme, fuel duty will remain frozen at 57.95p a litre for 2021-22.

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