Fuel prices in the UK recently set a new record, after official government figures revealed on March 5th that the price of unleaded has soared to 137.3p per litre – 1.1p higher than the week before. It is the highest price seen since May 2011, when the average was pegged at 137.05p. These rising prices could encourage more people to seek alternative forms of transport, such as motorcycles, which use only a fraction of the fuel that a car does and also cost less to insure through providers like MCE Insurance.
Diesel has also shot up to a record high price at 144.7p per litre, an increase of 0.8p from the previous record. The price of petrol is affected by many global factors, particularly the weakness of the pound, which makes it more expensive to buy in US dollars, and unrest in the Middle East.
With all this in mind, it makes sense to switch to a lower-consumption mode of transport if you have the option. Whether it’s a motorcycle, scooter or hybrid car, the reasons to make the switch become more compelling every time a petrol price announcement like this comes along – so review your options and start saving money today!