Manchester, UK (PRWeb UK) September 1, 2009
The duty will take the cost of filling the average Briton's tank to £62, an increase of over 25% since 2007.
Surging oil prices and rising demand are also forcing petrol prices up with last week's average of 105.02p per litre the highest level since mid-October 2008.
In the last twelve months, Swinton, the UK's leading high street motor insurance retailer has seen a 22% increase in the number of car insurance quotes for more fuel efficient smaller-engined vehicles.
Insurer development manager at Swinton, Steve Chelton, said: "Motorists have seen petrol prices escalate since the start of 2009 and although diesel costs have risen at a slower rate, prices for both will jump today due to the latest duty hike.
"Cash strapped Brits are choosing to cut their outgoings and Swinton has seen a significant increase in the number of insurance quotes for smaller engined vehicles which are cheaper to insure, tax and refuel."
For further information please contact, Anoushka Foster or Michael Travers at SKV Communications on Tel: 0161 838 7770
Notes to Editors:
- With 580 branches nationwide Swinton is the UK's largest high street insurance retailer
- Unlike many other companies in the financial services industry, Swinton is committed to keeping its branches open for business, and part of the community
- Swinton provides a one-stop-shop for the insurance and related needs of its clients, offering home, car, caravan, business, holiday, motorbike and even classic car insurance
- With a dedicated team of advisors on hand at every branch to search a panel of insurers to offer quality cover at competitive rates.