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Old 3rd October 2012, 10:00   #1
Yella Fella
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Default 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
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Old 3rd October 2012, 10:10   #2
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I now, for one am doing 50 miles a month in my car!
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Old 3rd October 2012, 10:56   #3
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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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Old 3rd October 2012, 11:04   #4
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I have cut my mileage per month right down
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Old 3rd October 2012, 11:28   #5
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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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Old 3rd October 2012, 12:00   #6
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Quote:
Originally Posted by Parker View Post
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.
Not sure what the duty, on unleaded, was in 1986, but in 1989 it was £0.1772 per litre.
It is now £0.6097!!! I like the way they then apply the VAT on the duty

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.
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Old 3rd October 2012, 12:34   #7
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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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Old 3rd October 2012, 12:39   #8
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Quote:
Originally Posted by sikelsh View Post
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.
I find that very hard to believe, would love to see the links that back that up!
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Old 3rd October 2012, 12:50   #9
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Released yesterday, see attached on page 13
Attached Files
File Type: pdf SN04712.pdf (272.5 KB, 28 views)
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Old 3rd October 2012, 13:07   #10
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Released yesterday, see attached on page 13
Thanks, I'll have to look at that later when I'm near a PC, as I can't open that on my phone!
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