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Experts Warn Petrol Increase August 2012
11/01/2012
Experts are predicting petrol prices could increase to as much as £1.40 by the end of the summer. Yet another blow for the motorists who already struggle keeping on top of fuel costs. Petrol is a commodity that has risen in vast amounts over the years well above inflation. According to Auto Express magazine if petrol prices increased at the same rate as inflation petrol would on average be just 83.32per litre when in reality we are currently paying on average 133.7p per litre for our petrol.
With fuel on the increase again it means the price of living will be on the up, releasing some equity from the biggest asset you have will give you peace of mind, use Right Equity Release Calculator.
Motorists always seem to be the first to be hit when it comes to rising prices, the actual prices motorists will pay at motorway service stations will be even higher by an average of 10p more per litre of petrol. Government needs to step in and take a firmer hand to intervene with the rising fuel duty.
When we compare what we used to pay back in 1991 46.55p per litre, today’s petrol prices are colossal and hitting the motorists wallets at a mammoth rate. Consumers already struggle and go without just to keep on top of bills so paying more for petrol is just another knock, unlocking some cash through equity release will help increase your retirement income. To see how much you could borrow use our easy Right Equity Release Calculator.
In 1991 only 22.41p was taken by Government duty and another 6.93p in VAT compared to today’s motorists paying a massive 57.95p in duty and 22.28p in VAT per litre of fuel.
As usual the motorist is continuously bombarded with all the price increases for fuel, but petrol companies always seem very slow in the update of passing on any price drops. 2012 is yet another year of keeping a close eye on every penny spent especially as fuel increases, so freeing up equity may be a solution, use our Right Equity Release Calculator and see if you can raise some finances.
If you are a homeowner aged 55 and over and looking to free up some much needed funds then equity release could be the answer. The Right Equity Release offers completely independent advice on equity release plans. We can also offer a free no obligation consultation or simply use our Right Equity Release Calculator to see how much you can qualify for and increase your retirement income.
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