Chancellor keeping an eye on fuel prices!

[edstrom76]

The prediction is for petrol to fall below £1 a litre in the new year.

 

[jazzyglobe]

I must say, traffic seems to be on the up. Maybe due to time of year, or maybe it is the fuel price coming down.

I was paying 70p odd per litre when I started to drive. I never thought it would ever go below £1 again. Let's just hope the falling continues and the price remains low.

BBC News - North Sea oil industry 'close to collapse'

 

[Palfrem]

Texaco near me is at 109.9 for UL

 

[artyman]

The Chancellor is going to lose a lot of VAT with the falling price, that'll knock a hole in his calculations

 

[Dryce]

The Chancellor is going to lose a lot of VAT with the falling price, that'll knock a hole in his calculations

It's rather surprising that the Autumn statement wasn't used to announce an increase in fuel duty.

 

[artyman]

It's rather surprising that the Autumn statement wasn't used to announce an increase in fuel duty.

There's an election due , what me cynical...never

 

[Dryce]

There's an election due , what me cynical...never

Yes. Somewhat worrying. Not what's good for us (even if the medicine doesn't taste good) but what's good for them.

TBH I think if there was an announcement of say 5p or 8p fuel duty increase while prices are falling as they have then the treasury would have easily managed to get away with it.

Moerover if prices went back up in a few months and they then cut it back again then people would cope with the 'regulator' effect.

 

[Milton7]

There's an election due , what me cynical...never

A rise in fuel duty would upset the low inflation rate which is politically desirable for the Government months away from the election. Expect big increases after then.