Petrol / Diesel price increases

[Deleted User]

Local Shell garage today for diesel was £205.9p per litre needless to say there was no one on the forecourt at both times when I passed today. BP just down the road was £193.9p. Crazy.

strawb_shortcake

Deleted_User said:

Local Shell garage today for diesel was £205.9p per litre needless to say there was no one on the forecourt at both times when I passed today. BP just down the road was £193.9p. Crazy.



Our local Shell garage has been 199.9 since last Wednesday, the Shell garage 7 miles away was 195.9 yesterday. Our other garage was 191.9 yesterday. 

Cheapest around is Tesco at 184.9 - even if it cost me more to get there I would refuse to use the Shell garage, fortunately I can incorporate other trips into buying the cheaper fuel. 

I'm not a member but Costco is reported at being 176.9 at the moment, so becoming a member is looking more tempting. 

All prices are for diesel 

Ergates

Bigphil1474 said:

In 2009, VAT was 15%, in  January 2010 it went up to 17.5%, then went up to 20% in January 2011. 

So, a 5% increase made 11 years ago...

Ergates

diystarter7 said:

Bigphil1474 said:

In 2009, VAT was 15%, in  January 2010 it went up to 17.5%, then went up to 20% in January 2011. 

Thanks but that alone does not explain the massive prices at the pumps.

With the price of oil PPB at record highs and close to of that 10 and 20 years ago, don't forget the UK is an oil nation so masses of taxes coming in.

It doesn't explain the increase in prices at the pumps *at all* giving it's not changed for over 10 years.

Ergates

A._Badger said:

Ergates said:

diystarter7 said:

Thanks all. I was referring to whatever rate was in the link I posted.
You would have noted as per mu post that oil PPB was around the 140 mark 2010 and several times and many years before that and I'm guess petrol/diesel was 20-25p a litre.

It is profiteering no matter how much prices have increased. A few years ago I think around 4 years oil price collapsed and along with covid more recently, did we see fuel at 40/50 per litre.

It is profiteering and hitting the hardest the lowest-paid workers and carers that have to work/care and public transport is not great there.

Thanks, I heard a few days ago re tax at 45% but some of the blame goes to the companies in my opinion

The bit you've missed was noted by Bigphil1474 above - the big difference between 2010 and now, is that at the moment the pound is very weak against the dollar (largely thanks to Brexit) , and all crude oil sales are done in dollars. 

Back in 2010, $1 of oil cost about 66p - today $1 of oil costs about 83p.   That's a 25% increase.

And presumably the ubiquitous '[blame it on Brexit' also explains the huge price rises in the USA? 

No, it explains why the pound dropped in value against the dollar which is why increases in crude oil prices are impacting us even more than they're impacting the US.

Ergates

wolvoman said:

Bigphil1474 said:

In 2009, VAT was 15%, in  January 2010 it went up to 17.5%, then went up to 20% in January 2011. 

Don't go around quoting facts on here - you'll upset those who consider their own made up opinions as more reliable.

Not sure what point you're making, but a 2.5% increase in VAT since 2010 doesn't seem like a massive difference to me.

tberry6686

Ergates said:

A._Badger said:

Ergates said:

diystarter7 said:

Thanks all. I was referring to whatever rate was in the link I posted.
You would have noted as per mu post that oil PPB was around the 140 mark 2010 and several times and many years before that and I'm guess petrol/diesel was 20-25p a litre.

It is profiteering no matter how much prices have increased. A few years ago I think around 4 years oil price collapsed and along with covid more recently, did we see fuel at 40/50 per litre.

It is profiteering and hitting the hardest the lowest-paid workers and carers that have to work/care and public transport is not great there.

Thanks, I heard a few days ago re tax at 45% but some of the blame goes to the companies in my opinion

The bit you've missed was noted by Bigphil1474 above - the big difference between 2010 and now, is that at the moment the pound is very weak against the dollar (largely thanks to Brexit) , and all crude oil sales are done in dollars. 

Back in 2010, $1 of oil cost about 66p - today $1 of oil costs about 83p.   That's a 25% increase.

And presumably the ubiquitous '[blame it on Brexit' also explains the huge price rises in the USA? 

No, it explains why the pound dropped in value against the dollar which is why increases in crude oil prices are impacting us even more than they're impacting the US.

Does Brexit also explain the drop in the value of the Euro against the dollar ?

facade

Brexit was years ago.

So was covid.

Everything is now because of The War.

Ergates

tberry6686 said:

Ergates said:

A._Badger said:

Ergates said:

diystarter7 said:

Thanks all. I was referring to whatever rate was in the link I posted.
You would have noted as per mu post that oil PPB was around the 140 mark 2010 and several times and many years before that and I'm guess petrol/diesel was 20-25p a litre.

It is profiteering no matter how much prices have increased. A few years ago I think around 4 years oil price collapsed and along with covid more recently, did we see fuel at 40/50 per litre.

It is profiteering and hitting the hardest the lowest-paid workers and carers that have to work/care and public transport is not great there.

Thanks, I heard a few days ago re tax at 45% but some of the blame goes to the companies in my opinion

The bit you've missed was noted by Bigphil1474 above - the big difference between 2010 and now, is that at the moment the pound is very weak against the dollar (largely thanks to Brexit) , and all crude oil sales are done in dollars. 

Back in 2010, $1 of oil cost about 66p - today $1 of oil costs about 83p.   That's a 25% increase.

And presumably the ubiquitous '[blame it on Brexit' also explains the huge price rises in the USA? 

No, it explains why the pound dropped in value against the dollar which is why increases in crude oil prices are impacting us even more than they're impacting the US.

Does Brexit also explain the drop in the value of the Euro against the dollar ?

Did the Euro drop against the dollar at the exact same time as the result of the Brexit referendum was announced?

diystarter7

It's a con/profiteering and good as price fixing.
I can manage and drive a lot, lot less now as left work and do bits from home but those needing to use their car and no other option are getting hammered.

Those running the country could easily reduce the tax burden by 40% from 45% to to about 25%