Are we being double whammed on fuel prices?

stevie8abes

As the fuel prices are just getting silly now (£1.27/litre near me for diesel), I was just wondering if we're getting stuffed by the fuel companies as well as the government?

Obviously, the most recent rise is down the the additional duty and the increased VAT but does anyone know whether the underlying fuel costs (ie, without the duty) is tracking the crude oil prices?

Has anyone seen any credible analysis of this to see if we are being double whammed?

Rossy.

stevie8abes wrote: »

As the fuel prices are just getting silly now (£1.27/litre near me for diesel), I was just wondering if we're getting stuffed by the fuel companies as well as the government?

Obviously, the most recent rise is down the the additional duty and the increased VAT but does anyone know whether the underlying fuel costs (ie, without the duty) is tracking the crude oil prices?

Has anyone seen any credible analysis of this to see if we are being double whammed?

I'd happily pay £1.27 for a litre of diesel.

Shell by me is selling it at £1.31 per litre

peediedj

stevie8abes wrote: »

As the fuel prices are just getting silly now (£1.27/litre near me for diesel), I was just wondering if we're getting stuffed by the fuel companies as well as the government?

Obviously, the most recent rise is down the the additional duty and the increased VAT but does anyone know whether the underlying fuel costs (ie, without the duty) is tracking the crude oil prices?

Has anyone seen any credible analysis of this to see if we are being double whammed?

jeepers thats mega cheap ,diesels £1.45 where i stay!

peter_the_piper

We're lucky to be able to use recycled chip fat at about £1.00 ish a litre. Smells but who cares.

jaydeeuk1

Give it 10 years, and you'll be dreaming of the day you only paid £1.40 a litre.

forgotmyname

It will only get worse, But what can you do? Walk???


Wont be long before we think £2 a litre, US pay that for a US gallon (4 litres) approx 50p litre?

And they moan about the prices.

molerat

peediedj wrote: »

jeepers thats mega cheap ,diesels £1.45 where i stay!

When travelling up from Englandshire we always make sure we have enough to get beyond Aviemore so that I don't whinge all the rest of the way home. Last year due to the snow we had to stop & fill up to make sure but i only gave them £10 :eek:

PsiDOC

Put simply: YES we are being double whammied.
for a breakdown of the costs of the current average prices of fuel go here: http://www.petrolprices.com/price-of-petrol.html

You will notice the fuel duty is added on, then the VAT, so you are being charged VAT on the duty. Yep that's right.. TAXED on the TAX.
It's been like that for a long time though and no one has paid attention to it.
Priceless eh?

Psi

bengalknights

PsiDOC wrote: »

Put simply: YES we are being double whammied.
for a breakdown of the costs of the current average prices of fuel go here: http://www.petrolprices.com/price-of-petrol.html

You will notice the fuel duty is added on, then the VAT, so you are being charged VAT on the duty. Yep that's right.. TAXED on the TAX.
It's been like that for a long time though and no one has paid attention to it.
Priceless eh?

Psi

It does show how much money the govt are raking in considering its close to 50p a litre in actual sale cost.

PsiDOC

Doesn't it just. Live to work.... Taxed to Death!

newfoundglory

BP station near London Victoria was today selling standard Diesel at 136.9p/litre.

Petrol was much cheaper at only 133.9p