There's no 1p fuel reduction round here...

[Mercy1]

Interesting. I drove past my local garage yesterday - diesel 140p a litre. Looking forward to seeing it at 139p today (for I really need that penny!) but guess what - it's still 140p. Why am I not surprised??

 

[bigfatjim]

Oh, the fuel duty will have been cut but by a remarkable coincidence, the garage will have increased their miserabvle share by 1p today too.

It is a sign of the times when we actually feel good about paying £1.39 for a litre of diesel.

 

[martin_a]

Yep. This is why the oil companies can't whinge about the tax announced for them. Bunch of robbing [expletive]

m.

 

[renault12ts]

I paid 144.6p per litre for diesel today.

 

[crockers]

Yep. This is why the oil companies can't whinge about the tax announced for them. Bunch of robbing [expletive]

m.

I think Osborne is naive and out of his depth. As if the oil companies wont pass on this extra cost to us.

 

[Dieselman]

I think Osborne is naive and out of his depth. As if the oil companies wont pass on this extra cost to us.

He's not stupid, of course he knows they will, but it won't be a tax from him.

Most people will think he's done a good thing taxing these rip off oil companies, which in theory he has...but...

 

[Noodle-Pulp]

have you ever thought that high petrol costs will make petrol bombers think twice?
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no.. nor have I....

 

[verytalldave]

I think Osborne is naive and out of his depth. As if the oil companies wont pass on this extra cost to us.

Its not just oil companies.
ALL companies have to pass on increased costs.
Its not rocket science.
If you want to survive in business you have to make sure that your profit margins remain both competitive and viable.

Anyway, I think the chancellors comments were a bit rich seeing as the treasury take on a litre of fuel is more than the company that produced the stuff.
And now today I hear the government has voted to increase some of their expenses as they felt they were being underpaid.
I wouldnt p*** on any of them if they were on fire.

 

[Scott_F]

Its not just oil companies.
ALL companies have to pass on increased costs.
Its not rocket science.
If you want to survive in business you have to make sure that your profit margins remain both competitive and viable.

Anyway, I think the chancellors comments were a bit rich seeing as the treasury take on a litre of fuel is more than the company that produced the stuff.
And now today I hear the government has voted to increase some of their expenses as they felt they were being underpaid.
I wouldnt p*** on any of them if they were on fire.

It's not quite that simple though. Oil companies have seen a resurgence in oil prices over the last 2 years and have therefore enjoyed bumper profits. They could therefore easily absorb this relatively minor tax increase.

The local news last night reported that petrol retailers were saying that they couldn't pass on the 1p the price cut straightaway as they were still selling fuel bought last week at the higher price. Funny how the same never applies when prices go up.

 

[raymont]

I think Osborne is naive and out of his depth. As if the oil companies wont pass on this extra cost to us.

Oil companies from around the globe compete to supply oil which ends up as petrol / diesel on your forecourt. North sea oil producers have to compete in that market. If they increase their price no-one will buy their oil. This make it difficult, if not impossible, for North sea producers to pass this tax on to British motorists.

Will retailers dishonestly try to put up prices claiming this is due to the tax increase………

 

[Mercy1]

Whoops, OK, spoke too soon, fair's fair, better late than never...price went down to 139p today on that forecourt. Now what was it I was going to spend that 60p on??

 

[219]

It is between £1:26.9 and £1:29.9 per litre of unleaded around here , with a few chancers listing higher prices but not getting much custom .

 

[artyman]

Diesel was 136.9 at the local Sainsburys when I filled up last night on the way back from Silverstone.