We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Petrol Price Hike - VAT

davidjwest
davidjwest Posts: 756 Forumite
edited 31 December 2010 at 10:16AM in Motoring
Just a reminder to those of you who have been living in a cave recently - there's going to be a VAT increase from 17.5% - 20% on January 4th which would mean a rise of around 3p a litre - there's also a fuel duty increase due on 1st January of around 0.75p so I'm filling up on the way home from work tonight assuming there's not a huge queue!

If you're anywhere near empty probably worth filling up now instead of waiting until next week.

Happy New Year!

:beer:
:A
«13456710

Comments

  • I thought the VAT rise was 17.5% to 20%, will that change your calculations?
    I'd rather be an Optimist and be proved wrong than a Pessimist and be proved right.
  • I thought the VAT rise was 17.5% to 20%, will that change your calculations?

    Yes, you're right - I got the price rise amount from here:

    http://www.google.com/hostednews/ukpress/article/ALeqM5ieG56etvVVy-25GG6_LNo522-sQQ?docId=N0397311293783382249A

    It states around 3.5p a litre due to the VAT rise.

    I should know what the VAT amount is as when it last changed I worked in a shop and had to stay behind to change all the prices by 2.5% what a pain that was!

    :)
    :A
  • Cheapest round here is now 121.9p. It's gone up quickly over the last two weeks.
  • 10JH
    10JH Posts: 287 Forumite
    Cheapest I've seen around me is 123.9. Madness!
  • a_sav
    a_sav Posts: 1,658 Forumite
    Its been 122.9,123.9 on dates related
    Was not aware of the sneaky fuel duty will fill up..thanks
  • I thought the VAT rise was 17.5% to 20%, will that change your calculations?

    thats what the op said i think h is stating that two increases are to happen at similar time
    Year 2019 (1,700/£17000mortgage repayment)Overall mortgage (71,400/165568) (44
    .1%) (42/100) payments made. Total paid 2019 year £1,700

    Total paid 2017 year £15,300Total paid 2018 year £13,600
  • Wig
    Wig Posts: 14,139 Forumite
    edited 31 December 2010 at 2:45PM
    runninglea wrote: »
    thats what the op said i think h is stating that two increases are to happen at similar time

    Or more likely, the OP edited his OP at 09:16 -adding the reason for edit to correct the VAT rate, after being alerted to an error in the VAT rate in the OOP (Original, Original Post)

    Prices will soon be 128p / 129p unleaded then

    My gas will be 63p :(
  • blued
    blued Posts: 698 Forumite
    We're already at 128.9 for diesel so this will send it up to the same as it was back in 2008 (132.9 is the highest I paid).

    Anyone know what red diesel is approx at the moment? I heard that shot up recently as well?
  • 130.9 for diesel at our bp garage - with a sign cheap petrol 2 days a week.

    Hope today is not one of the cheap days
    Year 2019 (1,700/£17000mortgage repayment)Overall mortgage (71,400/165568) (44
    .1%) (42/100) payments made. Total paid 2019 year £1,700

    Total paid 2017 year £15,300Total paid 2018 year £13,600
  • thanks for the reminder, all 3 cars filled to the neck :)
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.8K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.