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much will higher motor fuel prices cost you? As UK petrol and diesel prices at the pump begin to rise from the the fall in Sterling against the US Dollar and the rise in crude oil prices following the recent OPEC agreement to reduce production, how much will higher pump prices cost the UK classic car enthusiast? Well we have a chart alongside which shows the annual cost across the range of fuel prices for three annual mileages. Typical classic car motorist Assuming an average consumption of 27mpg and driving: 2,000 miles pa @ 114.9p/litre = £387 @ 135.9p/litre = £458 increased cost = £71 pa or 18.4% 5,000 miles pa @ 114.9p/litre = £967 @ 135.9p/litre = £1,144 increased cost = £177 pa or 18.4% 8,000 miles pa @ 114.9p/litre = £1,548 @ 135.9p/litre = £1,831 increased cost = £283 pa or 18.4% 10,000 miles pa @ 114.9p/litre = £1,935 @ 135.9p/litre = £2,288 increased cost = £353 pa or 18.4% See our chart of UK petrol prices over the last two years and two updates Chart Updates Posted: 161213 |
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