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Diesel prices hit new record high
Graham_Devon
Posts: 58,560 Forumite
Amusingly, someone was interviewed on the radio about this earlier, and he suggested it was OK, this won't push up the inflation figures, as the rise in price is not happening at such a pace, therefore we are still better off.
Go figure.
Anyway, diesel prices at a new record high. So of course, the OFT must start investigations, investigating the bleeding obvious and coming up with diddly squat, as they always feel they should everytime the price rises.
There could be some pressure applied to the government however to follow europes lead and reduce duty on diesel. The article goes on to say we could see an increase in food prices following on very soon, as already the haulage industry is bumping up the fuel surcharges, added to that clothing prices are under price pressure already without extra fuel costs.
Go figure.
Anyway, diesel prices at a new record high. So of course, the OFT must start investigations, investigating the bleeding obvious and coming up with diddly squat, as they always feel they should everytime the price rises.
There could be some pressure applied to the government however to follow europes lead and reduce duty on diesel. The article goes on to say we could see an increase in food prices following on very soon, as already the haulage industry is bumping up the fuel surcharges, added to that clothing prices are under price pressure already without extra fuel costs.
http://www.bbc.co.uk/news/uk-17072925The price of diesel has hit a new high, at 143.05 pence a litre, figures have suggested.
The Retail Motor Industry (RMI) says the figures, from the analysts Experian Catalist, are a "disaster for motorists".
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Comments
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There just is'nt enough diesel refining / investment in capacity in the UK,large amounts of diesel are imported.
Petrol will always be cheaper,most UK refineries were built when petrol was king,and hence are geared towards petrol production.Official MR B fan club,dont go............................0 -
There just is'nt enough diesel refining / investment in capacity in the UK,large amounts of diesel are imported.
Petrol will always be cheaper,most UK refineries were built when petrol was king,and hence are geared towards petrol production.
Can't anything be done to change this, particularly seeing as the UK's diesel use has increased dramatically over the past decade?0 -
shortchanged wrote: »Can't anything be done to change this, particularly seeing as the UK's diesel use has increased dramatically over the past decade?
It'll require investment,but at the mo its easier more cost effective to ship in.
Large amounts of petrol are currently exported from the UK.
Another biggie is jet fuel,also imported into the UK.Official MR B fan club,dont go............................0 -
Veg oil is a £1 a litre in MorrisonsAll I seem to hear is blah blah blah!0
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shortchanged wrote: »Can't anything be done to change this, particularly seeing as the UK's diesel use has increased dramatically over the past decade?
Yes.
You could persuade the refining companies to invest billions increasing capacity so they can reduce their profits.
Oh, wait....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Yes.
You could persuade the refining companies to invest billions increasing capacity so they can reduce their profits.
Oh, wait....
Exactly. Cynical me thinks.0 -
HAMISH_MCTAVISH wrote: »Yes.
You could persuade the refining companies to invest billions increasing capacity so they can reduce their profits.
Oh, wait....
To much over capacity in Europe,margins less than $2 a barrel,aging infrastructure,super refineries in the East coming online,heavily taxed........
In 20yrs we'll be reliant on imports full stop,whats that gonna do the price of fuel,security of supply.Official MR B fan club,dont go............................0 -
Maybe it's time we all started making our own in the garden shed.
Make your own Diesel, good processors? - MoneySavingExpert.com Forums
vegetableoildiesel.co.uk - Powered by XMBLiverpool is one of the wonders of Britain,
What it may grow to in time, I know not what.
Daniel Defoe: 1725.
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Shop at Tesco and get 10p per litre off - every little helps!0
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