What goes up must come down… except for the fuel price!
A little over a week into the new month and all drivers are already feeling the weight of the escalating petrol and diesel prices. Reaching record heights last week, petrol pumps are now set at over R14 per litre (R13.95 at the coast), and this excludes the increased fuel levies that will be imposed from April, as announced in the budget speech at the end of February.
If we follow the trends of January and February, petrol may increase by almost 40% in 2014 and diesel by over 25%. This means that if you spend R650.00 to fill your tank, you could be paying as much as R910.00 by the end of the year.
The main contributors to fuel price movements are the price of crude oil, the Rand/Dollar exchange rate and the fuel levies, which were increased in the recent budget speech delivered by Pravin Gordhan.
One way of saving fuel is by driving better. It has been proven that better drivers have lower fuel consumption. I’ve taken the time to find some practical tips to saving fuel when you drive and reducing your expenses by improving your driving behaviour. Here are five of them:
1. Drive smoothly
2. Read the road ahead
3. Don't over-rev the engine
4. Use the gears sensibly
5. Fill up regularly
Never wait until your petrol light begins to burn. Once your tank is half full, the movement and splashing around of fuel actually increases evaporation in your tank, which means that you will literally be ‘driving on fumes’.
Try to fill up when your tank is half full, early in the morning when the fuel at the petrol station is cooler and denser. Filling up later in the day increases the incidence of evaporation of petrol whilst the attendant is filling your tank.
Over and above these tips, we also have short-term insurance options that offer cash-back to their members based on their driving behaviour.