1. What is the Annual Fuel Cost Calculator?

The Annual Fuel Cost Calculator estimates your yearly fuel expenses based on your vehicle's efficiency, annual mileage, and current fuel prices in the UK for 2023-24.

2. How Does the Calculator Work?

The calculator uses the following equation:

Where:

• Annual KM — Your yearly driving distance in kilometers
• Efficiency — Your vehicle's fuel efficiency in km per liter
• Price 2023 — Current fuel price per liter in UK pounds

Explanation: The equation calculates total liters used annually, then multiplies by current fuel price to estimate total cost.

3. Importance of Fuel Cost Calculation

Details: Understanding your annual fuel costs helps with budgeting, comparing vehicle efficiency, and making informed decisions about transportation choices.

4. Using the Calculator

Tips: Enter your annual mileage in kilometers, your vehicle's fuel efficiency in km/L, and current fuel price in £/L. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Where can I find my vehicle's fuel efficiency?
A: Check your vehicle manual, manufacturer specifications, or use real-world data from fuel tracking apps.

Q2: How accurate is this calculator?
A: It provides a good estimate but actual costs may vary based on driving conditions, maintenance, and fuel price fluctuations.

Q3: What's the average fuel efficiency for UK cars?
A: As of 2023, average is about 15-20 km/L for petrol cars and 18-25 km/L for diesel cars.

Q4: How often should I update the fuel price?
A: For most accurate results, use current local prices which can change weekly.

Q5: Can I use this for electric vehicles?
A: No, this calculator is for petrol/diesel vehicles only. EV costs require different calculations.