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Debate House Prices
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Petrol/Diesel
Comments
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My local garage pricing for diesel:-
Weds am 140
Weds pm 139
Thurs to now 140!!0 -
Osborne hasn't actually said that he's cutting petrol duty because he's got money to burn and he wants to make us all rich. The aim is only to part-compensate for the market price of crude going up as a result of Arabs revolting."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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Anyway, rather than arguing the whys and wherefores of this 1p cut, doesn't anyone else think that petrol is now so absurdly expensive than 1p makes sod all difference anyway?0
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sharpy2010 wrote: »Anyway, rather than arguing the whys and wherefores of this 1p cut, doesn't anyone else think that petrol is now so absurdly expensive than 1p makes sod all difference anyway?
precisely! Even using my Tesco 5p off per litre coupon makes little difference!0 -
Fuel is 1p cheaper than last week due to the duty cut. This is a fact.
Pump prices have already swallowed up this cut and risen past where they were due to the price of crude oil and the £ to $ exchange rate. This is also a fact.
What strikes me as laughable are two things:
1. Both the Tories and Labour think they can affect the price of fuel at the pumps with a few pennies off either duty or VAT. They can't. Contrary to poplar belief the thing thats driving the big rise in prices is crude oil and exchange rates, not tax
2. People expect the petrol retailers to treat them fairly by some kind of right. Its a free market. Some retailers took the hit and cut prices at 6pm. Others didn't. You don't like one retailer, use another one.0 -
reducing fuel by 1p when Osborne's already taking 70p in duty is quite generous. no wait...0
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Also amused to see the death of the fair fuel stabiliser nonsense. Funnily enough you can't realistically set pump prices - and if you could they would be at a level most people would think far too high.0
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Rochdale_Pioneers wrote: »Also amused to see the death of the fair fuel stabiliser nonsense. Funnily enough you can't realistically set pump prices - and if you could they would be at a level most people would think far too high.
You can set it at whatever you want.
However the revenue lost would have to be made or cut elsewhere.Not Again0 -
Trouble is, we've had underpriced transport for so long, we've evolved an economy that depends on it. It could take a generation to redesign the economic and social structure so that people and goods do less unnecessary travelling.Rochdale_Pioneers wrote: »Funnily enough you can't realistically set pump prices - and if you could they would be at a level most people would think far too high.
Though a really sharp oil price shock might speed things up a bit."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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