Young drivers struggling to pay motoring costs
Wed, 22 Mar 2006
Many young drivers are choosing to leave their cars behind because of the increasing cost of motoring.
A survey from More Than discovered that the rising price of petrol has already led to a fall in car journeys. A total of 36 per cent of drivers have found the cost of filling up too much and have opted for other modes of transport.
The average UK fuel price is around 90 pence per litre – around ten pence higher than in 2005. Many motorists are also concerned that 60 pence of the cost is due to tax and will be hoping that Gordon Brown will resist increasing fuel duty at the forthcoming Budget.
"Rising fuel prices are having a real impact on motorists’ behaviour, to the extent that a significant number have already cut back on the number of journeys they make," said David Pitt, head of car insurance for More Than.
"If prices continue to escalate, motorists will tighten their purse-strings even further and we will no doubt see more considering different means of transport."
However, the Chancellor is expected to increase road tax costs on cars that have higher carbon emission levels in order to encourage more young drivers to consider switching to fuel efficient vehicles. 
© Adfero Ltd
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