AA Zone | Forum | PETROL PRICES

PETROL PRICES

Original Post

Posted At
01/04/2009

DISMAYED

The price of crude oil has been hovering around 45-50 dollars. One third of the price last year. Why are pump prices creeping up again?
The article in the press states that when the VAT is returned to 17.5% next April we can expect an increase in price. Why?
When VAT was reduced to 15% duty on fuel was increased to compensate so that effectively the reduction did not affect the price per litre. Surely when VAT rate is re-instated the duty should be reduced.
Strong denials will be made about profiteering but I wonder.

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DISMAYED Posts: 1	Subject: PETROL PRICES Posted At: 01/04/2009 17:30:02 The price of crude oil has been hovering around 45-50 dollars. One third of the price last year. Why are pump prices creeping up again? The article in the press states that when the VAT is returned to 17.5% next April we can expect an increase in price. Why? When VAT was reduced to 15% duty on fuel was increased to compensate so that effectively the reduction did not affect the price per litre. Surely when VAT rate is re-instated the duty should be reduced. Strong denials will be made about profiteering but I wonder.
fedupwithcostofpetrol Posts: 1	Subject: Re: PETROL PRICES Posted At: 09/04/2009 21:47:51 Quoting DISMAYED (01/04/2009 @ 17:30:02): The price of crude oil has been hovering around 45-50 dollars. One third of the price last year. Why are pump prices creeping up again? The article in the press states that when the VAT is returned to 17.5% next April we can expect an increase in price. Why? When VAT was reduced to 15% duty on fuel was increased to compensate so that effectively the reduction did not affect the price per litre. Surely when VAT rate is re-instated the duty should be reduced. Strong denials will be made about profiteering but I wonder. Are we becoming a nation of lemmings?why arn't we saying enough is enough? to the goverment ?why do we have to pay so much tax on petrol ? Its the same old story they raise the price of petrol,then they reduce it a little and we think oh this is good ,then they hit us again with another increase. Can someone out there just answer me one question ? WHY ?
Super Franky Posts: 14	Subject: Re: PETROL PRICES Posted At: 13/05/2009 16:36:46 Quite shocked this weekend to see that normal unleaded is back over £1 a litre
Qwertyui Posts: 14	Subject: Re: PETROL PRICES Posted At: 13/05/2009 19:28:47 This post has been deleted by the Host
flight2000 Posts: 1	Subject: Re: PETROL PRICES Posted At: 21/05/2009 10:37:47 ............... and another penny in the last couple of days. Are motorists paying for someone's glad life? Time to call a halt.
Keith99 Posts: 1	Subject: Re: PETROL PRICES Posted At: 22/05/2009 16:38:16 My local esso has put unleaded up 6 times in 2 weeks, the latest today. It has gone up every other day and its now 99.9p. Lat time it was 60 dollars a barrel as it is now, i am sure it could not have been at this price. This is blatant profiteering and i am surprised that something has not come up in the press about a 7.5% rise in 2 weeks. I bet the oil companies are loving all the attention being taken away by fiddling MP's.
PetrolMadnes Posts: 1	Subject: Re: PETROL PRICES Posted At: 26/05/2009 12:01:49 I've got to agree I am dismayed the the goverment are doing nothing whilst the petrol companies are ripping us all off. Barrel of oil is now at $58 even taking into account the lower exchange rate that does NOT equate to 98.6 p per litre. But as usual we the public put up with it; there doesntnt seem to be a central point to complain
Retailer Posts: 1	Subject: Re: PETROL PRICES Posted At: 26/05/2009 14:54:52 Amazingly, diesel is subsidising unleaded at the moment. Petrol st some supermarkets is still 95.9 - 4p below the cost price last Friday. The cost of diesel has been below the cost of petrol for a couple of weeks but is kept artificially high. The cost of refined petrol is quoted in the Times Tuesday to Saturday, as is the £/$ exchange rate. There are 1325 litres given per tonne of unleaded and 1183 per tonne of diesel so you can work the prices out every day. (There should be more litres per tonne but Weights and Measures allow the Oil Companies to disregard this with their retailers.) Far from profiteering on petrol, the pricing is predatory and will lead to more site closures. But why let the truth get in the way of a good story?
lenny123 Posts: 1	Subject: Re: PETROL PRICES Posted At: 12/06/2009 20:23:13 hi petrol companies do alot of work to get the fuel to the pump and make a little from a litre the government how ever do nothing yet they take a hell of alot in fuel duty and vat ? guess they need all that extra cash for the 2nd and 3rd homes its the government that needs taking down a peg or two but as we all know us brits sit back and moan but do nothing show me a protest about fuel duty and i will be there thanks
GPT Posts: 8	Subject: Re: PETROL PRICES Posted At: 16/06/2009 17:19:32 I know what I am about to say is not accurate, but it's the principle - 20p = cost of petrol at pump 80p = tax at pump That equates to 400% tax on cost per litre (AKA "Rip-off")
BMWerBoy Posts: 3	Subject: Re: PETROL PRICES Posted At: 24/09/2009 17:59:08 Isn't there a petition somewhere to let the government know we are appalled at being ripped-off-disgraceful profiteering; why should car drivers always bear these riduclous taxes?
dj si Posts: 4	Subject: Re: PETROL PRICES Posted At: 11/11/2009 02:31:07 at its peak oil was at around $150 a barrel and petrol was at around 115.9p per liter. it droped to around $38 a barrel for oil and 84.9p per liter.... so why has the pterol priced nearly returned to the peak from the other year (current peterol price is 104.9p) when the current proce of oil is only $75 per barrel. YOU DO THE MATHS!!!
Plated Driver Posts: 3	Subject: Re: PETROL PRICES Posted At: 12/11/2009 22:23:02 I agree, the prices of petrol today (and diesel) are just staggering, but lets not forget, even though the oil companies make billions, they don't actually make very much out of petrol itself. It's our wonderful government that makes the most from it all, i think it's about 74% tax at the moment, or about 74p for every pounds worth of fuel. I might be inaccurate on those figures but it gives a rough idea. Paul.
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