Drop in fuel prices

bigjl

Deleted_User wrote: »

Dropping diesel to below £1 just proves they are overcharging for unleaded again.

Diesel is still 3/4p per litre more expensive in East London/Essex borders.

Luckily Shell always price match the local Asda/Tesco stations at the Shell station on the A13 in Barking so no need to buy Supermarket diesel.


Edit

Drove down A13 this lunchtime and the Texaco in Dagenham is cheaper for diesel.

JayCartwright

bigjl wrote: »

Diesel hasn't been cheaper for many years.

Not since summer 2015.

Moto2

The introduction of ultra low sulphur diesel pushed up the refining costs in the last few years. Simple fuel oil diesel is less refined but the process for a more complicated product very much more involved.
The Chinese economy has also had an effect on fuel oil prices with high demand and prices when they were booming and - obviously - less demand as they've slowed down, this effect diesel demand more than petrol demand.

JayCartwright

bigjl wrote: »

Diesel is still 3/4p per litre more expensive in East London/Essex borders.

Luckily Shell always price match the local Asda/Tesco stations at the Shell station on the A13 in Barking so no need to buy Supermarket diesel.

Cheapest round that way is under £1.

Cheapest Diesel Stations
Found 432 stations within 20 miles of Barking,


Morrisons Chingford
Salisbury Hall Gardens, Chingford, London, Greater London, E4 8SA 8.93 miles 99.7p Jan 3rd




Shell need to sort their price match out.

jimjames

Interesting that the email I received today from PetrolPrices was way out of date. Local price was under £1 at weekend but their email was still showing prices at £1.04

[Deleted User]

Local Shell was 103.9p for unleaded and 106.9p for diesel last Saturday.

Today both unleaded and diesel are 105.9p.

It might be the Government ripping us off with high taxes, but by all means the fuel companies and retailers are as well.

PCMcGarry

Deleted_User wrote: »

Local Shell was 103.9p for unleaded and 106.9p for diesel last Saturday.

Today both unleaded and diesel are 105.9p.

It might be the Government ripping us off with high taxes, but by all means the fuel companies and retailers are as well.

Do you really think at 25p per litre the fuel companies are ripping you off?
Considering what's involved from a barrel of oil to your unleaded coming out of the pump.

How much do you pay for a can of pop or litre of water?

[Deleted User]

PCMcGarry wrote: »

Do you really think at 25p per litre the fuel companies are ripping you off?
Considering what's involved from a barrel of oil to your unleaded coming out of the pump.

How much do you pay for a can of pop or litre of water?

The company that own the franchise most certainly are.

I think you are missing the point, they have reduced the diesel to the same as unleaded to match what the supermarkets are doing. Only they have raised the unleaded price so what they lose on diesel they gain on unleaded.

And I don't tend to buy cans of pop or bottled water.

bigjl

JayCartwright wrote: »

Cheapest round that way is under £1.

Cheapest Diesel Stations
Found 432 stations within 20 miles of Barking,


Morrisons Chingford
Salisbury Hall Gardens, Chingford, London, Greater London, E4 8SA 8.93 miles 99.7p Jan 3rd




Shell need to sort their price match out.

You checked them all out this morning?

Awesome.

I would rather spend the extra 1p per litre and have Shell diesel.

Nick_C

Fuel taxes remain high, but I think George Osborne missed a trick by not following through with a stabilising tax. We were used to paying £1.40 a litre for diesel. He could have raised a lot of revenue by increasing fuel duty as prices fell, and made progress on clearing debt. (He could have raised revenue by 35% while still letting prices at the pump fall by 10%)

Apart from the loss of potential revenue, cheap fuel has produced negative inflation, which is not generally regarded as a good thing.