Staveley Head

May 16, 2011 01:30 ET

Are UK Motorists Getting a Fair Deal at the Pump?

CHESHIRE, UNITED KINGDOM--(Marketwire - May 16, 2011) -UK insurance specialist Staveley Head has today announced the launch of a new resource aimed at helping the public understand the complex nature of petrol prices. Despite three of the big supermarket chains announcing a small decrease in the prices at their pumps this week, the cost of filling up is still higher than before the Budget, making petrol prices a continued cause of concern for many UK households.

Earlier this week, AA groups called for recent reductions in the price of oil to be passed on to motorists on forecourts across the country, indicating that the UK has now had its fill of pricey petrol. The cost of petrol is such a growing cause of concern, that it appears some motorists are now abandoning their vehicles altogether, with a 4.8 per cent increase in train passengers recorded for the first three months of 2011 compared to the previous year.

Although there is little motorists can do to force down petrol and diesel costs, knowing the factors that contribute to the prices paid at the pump can make price rises easier to understand. The largest proportion of the price paid for petrol is made up of taxes set by our own government; however, fluctuation in the price of oil which is used to make petrol is driven by global forces and these act alongside national dynamics to set the price of petrol we pay.

Following extensive research on the topic, the team at Staveley Head has produced an easy-to-use interactive resource that allows users to plot and compare petrol prices across the globe over the past eight years. At the click of a mouse, users can identify the events and issues which have factored in major price increases and decreases from here to Estonia; you can also find out which of our motoring counterparts are paying the most for their petrol.

So are UK motorists getting a fair deal? Why not visit the Staveley Head website and decide for yourself.

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