Mar 20 • 03:32 UTC 🇬🇧 UK Mirror

Martin Lewis flags '21-day rule' for motorists to slash cost of driving

Martin Lewis shares the '21-day rule' as a way for motorists to save on fuel costs amidst rising prices due to geopolitical tensions.

Financial expert Martin Lewis has highlighted a '21-day rule' that can help drivers reduce their expenses amidst an ongoing surge in fuel prices. Recent military actions in Iran have significantly affected oil prices, with costs nearing $117 per barrel and corresponding increases at petrol stations, marking the highest fuel prices in almost three years. As the UK faces increased economic pressures from rising fuel and household energy bills, this guideline offers a timely solution for motorists looking to economize on their driving costs.

The rise in fuel prices comes at a difficult time for many UK households, as the cost of living continues to climb. The RAC has reported significant price increases for petrol and diesel, with drivers now paying an average of 142.62p per litre for unleaded and 162.66p per litre for diesel. This situation has been exacerbated by geopolitical events impacting the energy market, which raises concerns about the broader economic implications for consumers, including higher energy bills in the coming months.

Despite the rising costs, there is a silver lining for motorists: car insurance premiums have fallen over the last two years. Martin Lewis's guidance on the 21-day rule aims to empower drivers to take control of their expenses during this challenging period. By applying the insights and strategies shared by Lewis, motorists may find ways to mitigate the financial strain caused by soaring fuel prices and the overall economic climate.

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