Fuel pricing - time to take that tough decision?

[chic0821]

I think it was around £2/pint when I started drinking, and fuel was 70-80p/litre.

Bloody hell, as much as that, 1 shilling & 9pence & petrol was 4 gallons (not litres) for £1. Aye the good old days when you put your kids up the chimney (not quite). Christ sound like my dad.
Think Putin will be the poster boy for EV sales

 

[OneForTheRoad]

Bloody hell, as much as that, 1 shilling & 9pence & petrol was 4 gallons (not litres) for £1. Aye the good old days when you put your kids up the chimney (not quite). Christ sound like my dad.
Think Putin will be the poster boy for EV sales

In the days of 2 star ,3 star and 4 star , make your choice .

 

[KennyN]

I have 130miles remaining before i fill up the Cayenne , recon sometime next week it will be the first £200 fill-up of V power diesel. Best advert for a leccy vehicle so far , however the new M4 Comp looks nice.

K

 

[sgregory124]

I have 130miles remaining before i fill up the Cayenne , recon sometime next week it will be the first £200 fill-up of V power diesel. Best advert for a leccy vehicle so far , however the new M4 Comp looks nice.

K

Not that charging an EV is going to be anywhere near as cheap as it was, nor will it ever be again - plus don't forget the inevitable tax that HMRC will want to levy against EV's in the very near future, doesn't make it much of an advert in my opinion!

 

[Gollom]

In the days of 2 star ,3 star and 4 star , make your choice . View attachment 124710

Used to go to a boys club on that street in my youth!

 

[KennyN]

Not that charging an EV is going to be anywhere near as cheap as it was, nor will it ever be again - plus don't forget the inevitable tax that HMRC will want to levy against EV's in the very near future, doesn't make it much of an advert in my opinion!

It was a sarcastic comment , hence the reference to the M4 Comp.

K

 

[Londonscottish]

We’ve spent zilch on petrol this year.

Wife has a new job in Wimpole Street so she gets the bus at £1.60 each way and I either cycle or get a lift with my new job.

Excellent. I do like my cars but I'm also very happy not to be completely reliant on them.

 

[MCFastybloke]

Filled up again tonight, thats £186 this week and its only thursday, carry on regardless here, and ive got my shorts on in the lounge.

 

[Tonye]

Im not bothered how much it goes up, i only ever put £20 in.

 

[flowrider]

Good to see Kwasi Kwarteng this morning banging out a new government line about price increases and inflation due to the war in Ukraine, and the British people understand and in solidarity are ready to tighten their belts.

Read: price increases and inflation were already here, not helped by successive government policies not investing in e.g. our energy infrastructure, choices on covid etc etc (the merits of which are not intended to be discussed in this thread) and the Gov now see the war in Ukraine as a convenient fascade to hide behind. I presume this is preconditioning for people in regard of little help in the budget with increasing energy and fuel costs. Maybe even a fuel duty tax increase.

In summary, don't expect any relief from fuel prices.

With fuel prices already so high the government are already racking in extra cash via duty and VAT

 

[AMGeed]

In the days of 2 star ,3 star and 4 star , make your choice . View attachment 124710

I had a part time job in a BP filling station at 16 yrs old and the fuel was still pre decimal.
4 gallons for around a quid and you could fill a Cortina for £2. Green Shield stamps as well.

 

[TimHall]

Brent Crude down $14 today, anyone taking bets on fuel dropping slightly tomorrow?

Back up a bit today. Volatility is guaranteed

Upward price pressure - if there is an immediate oil embargo on Russian oil and Putin turns continental Europe’s gas off.

Downward price pressure - UAE want to turn the taps on. Iran and Venezuela might have sanctions lifted to increase supply. Venezuela are only shut down due to Trump, not OPEC/OPEC+

 

[bolidemichael]

tbh if the fuel duty and vat income helps to distribute the outlay of covid amongst the car driving public, which'll lead to lower taxation overall, then let's take the medicine for the greater good. The costs of covid HAVE to be paid somehow.

 

[NOMONEYBUTAMERC]

No diesel available at Morrisons in Weston-super-Mare today. Queued for about 15 minutes at Sainsburys , 162.9/ litre. Due to family circumstances my travel is likely to increase by around 500 miles per month, but as long as the only tanks I see are fuel tanks I will just have to live with it.

 

[Numair Aidroos]

I suspect that News Media has to take the blame for the sharp increase in the price of Fuel Per Litre: BBC News this Morning "The cost of a Litre is now above £2" and what happens? The cost goes up!

Even if the Oil from Ukraine was shut off at the beginning of the Conflict, the cost per Litre should still be the same as the Refinement at that cost has not had time to filter through!

Soap Box now stored away for another day! Flack Jacket ready for any Incoming!

Well, government loves any tax opportunity it gets. Currently it's war induced inflation. Everyone in Power is benefiting.

 

[Numair Aidroos]

tbh if the fuel duty and vat income helps to distribute the outlay of covid amongst the car driving public, which'll lead to lower taxation overall, then let's take the medicine for the greater good. The costs of covid HAVE to be paid somehow.

This was since 2020. But the taxes have been there since we owned cars. Were they planning for COVID since 1970s?

 

[sgregory124]

It was a sarcastic comment , hence the reference to the M4 Comp.

K

Fair enough - context is king and all that

 

[Dickster]

The government don’t set petrol prices do they?

No they don’t. But they make a fair chunk out of it and at the moment do not seem too bothered - unlike the Irish.

Petition to reduce fuel duty gathers support | RAC Drive

An official petition to the Government, calling on it to reduce the tax rate on fuel and VAT is heading towards 100,000 signatures.

www.rac.co.uk

Government excise duty cuts to reduce petrol and diesel cost by 15 to 20c

The 'mini budget' will see a straight cut in excise rates from midnight on Wednesday

www.irishexaminer.com

 

[Bobby Dazzler]

No they don’t. But they make a fair chunk out of it and at the moment do not seem too bothered - unlike the Irish.

Petition to reduce fuel duty gathers support | RAC Drive

An official petition to the Government, calling on it to reduce the tax rate on fuel and VAT is heading towards 100,000 signatures.

www.rac.co.uk

Government excise duty cuts to reduce petrol and diesel cost by 15 to 20c

The 'mini budget' will see a straight cut in excise rates from midnight on Wednesday

www.irishexaminer.com

Governments must balance the books. The way they do that will differ by country.

I’m sure we would all like to pay less tax, but I’m sure we would all also want to invest even more in the healthcare, education, social care, defence, foreign aid, etc.

Ultimately we must all pay our fair share, and as the tax regime and our personal circumstances both evolve, sometimes we will win and sometimes we will lose.

The current global situation means a spike in fuel costs - as well as many other costs - whether that turns out to be a permanent rise in fuel costs remains to be seen.

Governments will all respond differently. What’s right for one government isn’t right for all. The same is true for individuals and businesses, one size does not fit all.

 

[Benzowner]

The government are making a fortune from the increase in VAT they are receiving. A 40p increase in fuel is another 8p ish additional VAT, they could reduce the duty by the same amount to help out a little.