Decline in fuel sales
"Nearly half a billion fewer litres of petrol and diesel were sold between April and June than during the same period last year, says the Department of Energy and Climate Change"
More here . . . http://www.bbc.co.uk/news/business-19810276 |
I now, for one am doing 50 miles a month in my car!
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As petrol is rapidly heading towards £6.50 a gallon, it's hardly surprising now, is it!
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I have cut my mileage per month right down
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Based on the last recession fuel in 1986 was around £1.80 per gallon average with inflation at roughly 3.5% annually then petrol should be costing £4.32 per gallon today. Is it any wonder people think twice before going for a drive.
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It is now £0.6097!!! I like the way they then apply the VAT on the duty :mad: With this slump in sales it is a massive amount of revenue lost for the government though ;) P.S. I have just worked out tax and duty on a tank full for our cars is £47.56 per tank. |
Not that anyone would see a reasoned argument as its easy to bash the Government, but for what its worth, we actually pay less in Fuel Duty now as a % that we did in the year 2000
It was 78% duty in January 2000 and in September 2012 we were paying 58% Fuel increases are not down to Government % tax increases, they are down to retailers/oil companies. Yes the Government could ease things by reducing duty, but I very much suspect the oil companies and retailer would simply increase cost to compensate, so me personally, I would sooner have money going back to the government, than some oligarch in Russia. Simon |
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Released yesterday, see attached on page 13
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