I don't know if it is the same material as fuel tanks, but I recently relocated the filler spount on a molded freshwater tank. I used a thing called a HoleHawg, which is a fancy hole saw with carbide teeth. It cut thru quick and clean.
If you are using a hole saw, just cut for two seconds and bring it away from the material. Once your pilot is thru and there is a groove started for the hole, you should be able to keep it centered easily. The trick is to not let it get hot in the first place. It isn't the material getting hot so much as the tool getting hot and melting the chips of the material, which increases the friction and creates more heat. Once the hole is started, just push the saw down to touch, and lift it back up still running. If your hole saw is sharp, you'l probably be all the way through before it even has a chance to get warm.