Fuel prices are rising – is it time to switch to electric?

According to RAC Fuel Watch data, average petrol prices in the UK have climbed around 3-5p per litre in early March 2026, with average unleaded sitting around 135-136p, and diesel near 146p per litre.^[1] Motorists have seen these price rises over the past month, following broader energy market volatility.

On March 6, 2026, RAC policy head Simon Williams stated petrol could reach 140p per litre soon, with diesel climbing towards 160p as crude oil prices stay elevated and pressure on global oil markets continues to show. ^[2]

For a typical 55-litre family car, filling up petrol at approximately 137p per litre can now cost £75-£80 – far higher than in more stable periods. For many households, this is a significant financial burden, especially when combined with the rising cost of living.

January 2025 – March 2026

Sources:

DESNZ Weekly Road Fuel Statistics  

RAC Fuel Watch (Live Data March 2026)

It feels like a constant battle against the rising tide of fuel prices. But why are we continually seeing our hard-earned cash disappear into the fuel tank? Several factors conspire to push prices skyward:

• Global Oil Markets: The price of crude oil, a global commodity, is influenced by everything from geopolitical tensions and supply chain disruptions to the simple laws of supply and demand. When global supply tightens or demand surges, prices at the pump inevitably follow suit.

• Inflation and Cost of Living: The broader economic climate, including inflation, impacts every sector. The cost of refining, transporting, and selling fuel also increases, which is passed on to the consumer.

• Taxes and Duties: A significant portion of petrol prices in the United Kingdom goes towards various taxes and duties, which remain a substantial component of the overall price.
  

This perfect storm means that petrol prices rising isn't just a temporary blip; it's a recurring challenge that hits our wallets hard, especially when considering UK motorway fuel prices increasing at an even faster rate. For many, the current situation is unsustainable.

Amidst the gloom of the petrol pump, a brighter alternative is rapidly gaining traction: the electric vehicle (EV). Once considered a niche choice, EVs have evolved dramatically, offering a compelling solution to the woes of traditional fuel costs.

You can save by switching to electric. For example, Renault’s Total Cost of Ownership Calculator shows a potential saving of around £2,886 by going for the Renault 5 E-Tech electric car compared to a Clio full hybrid E-Tech.**

Switching to an electric car is increasingly becoming a smart financial and practical decision.

Protect yourself from rising fuel costs

Charging an electric car, especially at home during off-peak hours, is dramatically cheaper than buying petrol or diesel. Imagine waking up every morning with a "full tank" for a fraction of the cost. With fuel prices climbing, this is a game-changer for your wallet.

Save money on maintenance

EVs have far fewer moving parts than internal combustion engine cars. No oil changes, no spark plugs, no complex exhaust systems. This translates to significantly lower maintenance bills over the lifetime of the vehicle, saving you both time and money.

Government incentives

The UK government offers a range of incentives to make the switch to electric more affordable. For example, the Electric Car Grant allows you to save up to £3,750^ on certain models. Additionally, EVs benefit from reduced road tax (VED) and schemes for home charger installations.

Exemptions from ULEZ and congestion charges

Many cities, including London, offer exemptions for electric vehicles from charges such as the Ultra Low Emission Zone (ULEZ) and congestion charges. This can result in significant savings for urban drivers.

Enjoyable driving experience

Electric cars offer instant torque, meaning immediate acceleration and a responsive drive. They are also incredibly quiet and smooth, making for a more relaxed and enjoyable journey. Plus, the convenience of "fuelling" at home overnight is a game-changer.

Future-proofing your drive

With the UK government's commitment to phasing out the sale of new petrol and diesel cars, electric vehicles are undeniably the future of motoring. Investing in an EV now means you're ahead of the curve. For short journeys, consider walking or cycling as part of your daily routine. Every small step helps you have money and reduce your environmental footprint.

Charging infrastructure

It's natural to have questions about a new technology. Concerns about "range anxiety" (the fear of running out of charge) and charging infrastructure are common. However, modern EVs boast impressive ranges, and the UK's public charging network is expanding rapidly, with thousands of charge points, including rapid chargers on motorways, making longer journeys increasingly feasible. Use tools like the EV route planner to plan your trips with ease.

Range anxiety

Modern electric cars offer impressive ranges, with the Renault Scenic E-Tech electric capable of up to 381 miles* on a single charge. This is more than enough for most daily commutes and even longer journeys. You can even plan your trips with charging stops using our electric journey simulator.

Are electric cars expensive to buy?

The upfront cost of an EV can sometimes be higher than a comparable petrol car, but prices are coming down rapidly. When you factor in potential government grants (if available), significantly lower running costs, and potential tax savings, the total cost of ownership can be very competitive, especially when compared to the ongoing expense of fuel prices.

With fuel prices continuing their upward trajectory, the economic argument for switching to an electric car has never been stronger. It's not just about saving money; it's about embracing zero exhaust pipe emissions and a quieter, more enjoyable driving experience.

If you're tired of the constant worry about fuel prices and the impact on your budget, perhaps it's time to seriously consider making the switch. The future of driving is electric, and it might just be the smartest move you make for your wallet. Discover the award-winning Renault E-Tech electric range.