Petrol & diesel at record highs.
 

Not just Gas & electricity prices at record levels with today's news saying that petrol £1.48/litre & diesel £1.51/litre have hit record highs :mad: It's getting beyond ridiculous. https://www.fleetnews.co.uk/news/fle...ol-pump-prices

it is indeed silly. reductions in wholesale prices never passed on to customers. the only upside is that at the moment at least you can get fuel. i have been waiting 3 wks now for LPG for my car. no deliveries to 3 outlets nearby where i live. demand has also rocketed due to restricted supplies and demand during the cold winter months. many people have changed over to domestic tank installations on LPG. which of course will get supplies first. im still waiting. !!

Oil's been $40 a barrel or thereabouts for years and suddenly it's £100 to $120 ? I can appreciate that it costs a bit more to get it out of the ground and transport it/refine it but there is a limit. Or isn't there? :shrug: Somebody is making a lot of money out of us! :shrug:

Shell and BP announce last week I think or was it the week before, record profits. Who'd have thought that?


macafee2

How can it cost a bit more to get out of the ground once the well has been sunk
it still comes up through the same hole, my brother in law was in the oil business for year and according to him they find oil cap it, then move on to another site then do the same thing.

Same old story, only it’s no longer a fairy tale.

Pile it high and sell it cheap, when it’s not moving. Pile it low (allegedly) when there is a crisis to take their minds off it and you can even blame it on the weather. Or anything else.

It’s also reported presently that oil (and energy comps) companies’ profits and margins have never been higher. Make hay while the fear is still on us. In the meantime sup with a very long spoon. Not that I’m cynical at all.

Last July the Kenyan government introduced subsidies on fuel because the high prices caused a lot of public anger and the government feared the country would grind to a halt if motorists could no longer afford to put fuel into their cars/trucks. For the past 4 months the price of fuel has been frozen, the oil mainly comes from Libya, a major supplier.

Current prices inclusive of 8% VAT

Petrol £0.84 per L
Diesel £0.72 per L

75% of Kenyan energy is geo thermal.

Could the UK government not subsidise the cost of fuel or suspend VAT on it to help the motorist out?

The government has a rather large debt to service which has to be paid for one way or the other. It's either taxes or cuts to spending.

I have to fill the Jag up soon, ain't put anything in it since October.

even with high oil prices as they are at the moment, its still cheaper to fuel your central heating oil burners than it is with gas or electric. goodness knows how much more these prices are set to rise .. can see some big trouble brewing soon.

£92.33 to fill up the KV6 on Saturday- but then I remembered paying £20.00 to fill up my 3.3 Vauhall Ventora in 1977. Same size petrol tanks and about the same MPG. I think the tax part now is larger than then?? Chris S.