47p2 - see where you're coming from but don't really understand you'r logic. I'm guessing you've just added inflation to the cost of the fuel to get today's price?

But oil is a constantly volitile commodity affected by many things, surely this would have an impact that needs to be considered?

For simipliity, and because it will open a can of worms if we start considering all other factors such as by products etc. But last April oil was approx $80 per barrel, this equates to around 50c per litre. Current prices are around $115 per barrel, approx 72c per litre so an increase of 22c or 13p (at today's FX rate).

I think this might go some way to explaining the differential, although there is only a £6 difference you highlight so that means legitimately another £7 could be added to the cost today to still be in line with the cost a year ago. Oops, no, sorry take £2.50 off that because of the VAT increase, so actually £4.50 cheaper that it could legitimately be.

I may be completely out of whack here, but I would suggest no more than your calculation either. At the end of the day the cost is what it is, it will always increase over time. Not fun but as long as we have a want and need for it we have to pay.

There is an alternative way of effectively cutting the cost by 60% plus, get rid of the FFRR and get a little car that does 60mpg+. Job done! We all choose to drive thirsty cars, we're not forced too.

No bad feelings meant, enjoy, have a laugh, or don't - it's only light hearted banter.

do people really think that the scheduled 5p increase was really going to take place...it was a 'pretend' amount that they could give back to us and make themselves look sooooo generous... ... ... - .- -.




Y. O. L. O.
.

scarey wrote:

do people really think that the scheduled 5p increase was really going to take place...it was a 'pretend' amount that they could give back to us and make themselves look sooooo generous... ...

Stan - make no mistake it was planned

bozmandb9 wrote:

Are you all crazy? What were you expecting, remember this is instead of a 5 pence increase which was supposed to take place on 1st April!

Sure it would be nice if the petrol price was cut massively, it would be really nice if the country wasn't billions of pounds in debt too! It would be nice if fairies existed and gave us all brand new Range Rovers!

Agree and remember oil prices are not set by the government they just tax the market price and that tax is high because of the previous LABOUR Governments stealth tax policy not the current government that is at least trying to help even with the deficit left by the prior bunch of C**ts.

People would moan if they did nothing and moan even when effectively reducing ongoing cost by 6p a litre. Get a grip on reality and be thankful the stealth taxes are over.

Gazellio wrote:

bozmandb9 wrote:

Are you all crazy? What were you expecting, remember this is instead of a 5 pence increase which was supposed to take place on 1st April!

Sure it would be nice if the petrol price was cut massively, it would be really nice if the country wasn't billions of pounds in debt too! It would be nice if fairies existed and gave us all brand new Range Rovers!

Agree and remember oil prices are not set by the government they just tax the market price and that tax is high because of the previous LABOUR Governments stealth tax policy not the current government that is at least trying to help even with the deficit left by the prior bunch of C**ts.

People would moan if they did nothing and moan even when effectively reducing ongoing cost by 6p a litre. Get a grip on reality and be thankful the stealth taxes are over.

totally agree Gary

not forgetting that there are a lot from the green lobby who want to see massively increased fuel duty to get people off the roads or to buy 'electric' cars

Thanks and people with socialist views should be banned from buying Range Rovers as it does not make any sense

also the green lobby wanted to see a reduction in diesel levy/tax ONLY as these one could argue directly affect food prices/public transport/materials/goods costs etc etc

Gazellio wrote:

bozmandb9 wrote:

Are you all crazy? What were you expecting, remember this is instead of a 5 pence increase which was supposed to take place on 1st April!

Sure it would be nice if the petrol price was cut massively, it would be really nice if the country wasn't billions of pounds in debt too! It would be nice if fairies existed and gave us all brand new Range Rovers!

Agree and remember oil prices are not set by the government they just tax the market price and that tax is high because of the previous LABOUR Governments stealth tax policy not the current government that is at least trying to help even with the deficit left by the prior bunch of C**ts.

People would moan if they did nothing and moan even when effectively reducing ongoing cost by 6p a litre. Get a grip on reality and be thankful the stealth taxes are over.

agreed, they could have used any figure ,even saying we saved you 50p etc ... ... - .- -.




Y. O. L. O.
.

Matt,

Nice one! I take it that you're an Economist then and would sort it all out nicely. Wish you had sorted the budget - £1 per litre of fuel! Yippee! No matter what the price of oil, I like your world where it's going down!

So just to be clear, let's not give a damn about how much we're in debt and the cost of borrowing (which we do a lot of). You know, it's like you taking out a loan and having to pay interest but on a larger scale. And immediately cut over 30p per litre tax, just like that...!

Well thought out plan.

Oh, and I'm not supporting any particular party here or criticising any other party. I'm just very intirgued at how your logic works. Isn't life so easy in your bubble. Unfortunately in the real world the books have to balance, eventually, and a significant protion of the country's income is taken from fuel duty.

Any good alternate suggestions are really welcome and am sure would make you a national hero, win elections etc, etc. As this is something that has alluded everyone else to date!

(Take the comments with a pinch of salt and don't get so worked up - you'll only end up costing the NHS lots for the heart treatment you'll need from the stress/anger induced heart attack. nd we can't afford it, remember)

Quote:

THEY HAVE NOT REDUCED the cost of fuel by 6p because we have had not started paying that increase yet. How can you save the 6p that you have not paid out yet!!!! This type of comment really annoys me! Typical tory crap!! they think they are helping you out but they haven't really done anything apart from the 1p reduction and cancelling the 6p increase which will more than likely be added to the cost of fuel over the next few days/weeks anyway as oil goes through the roof because of the oil and gas company tax now introduced. They should have introduced a fixed price for petrol around the £1 per litre mark which does not go up or down even when the price of oil drops

Quote:

effectively reducing ongoing cost by 6p a litre

The fact is fuel was going to go up by 6p now it is not so thats an "Effective" saving to your "Ongoing" costs mate.

Its that kind of comment and thinking that got in this mess in the first place.

Print & spend eh.....

mattstevenson2005 wrote:

Gazellio wrote:

bozmandb9 wrote:

Are you all crazy? What were you expecting, remember this is instead of a 5 pence increase which was supposed to take place on 1st April!

Sure it would be nice if the petrol price was cut massively, it would be really nice if the country wasn't billions of pounds in debt too! It would be nice if fairies existed and gave us all brand new Range Rovers!

Agree and remember oil prices are not set by the government they just tax the market price and that tax is high because of the previous LABOUR Governments stealth tax policy not the current government that is at least trying to help even with the deficit left by the prior bunch of C**ts.

People would moan if they did nothing and moan even when effectively reducing ongoing cost by 6p a litre. Get a grip on reality and be thankful the stealth taxes are over.

THEY HAVE NOT REDUCED the cost of fuel by 6p because we have had not started paying that increase yet. How can you save the 6p that you have not paid out yet!!!! This type of comment really annoys me! Typical tory crap!! they think they are helping you out but they haven't really done anything apart from the 1p reduction and cancelling the 6p increase which will more than likely be added to the cost of fuel over the next few days/weeks anyway as oil goes through the roof because of the oil and gas company tax now introduced. They should have introduced a fixed price for petrol around the £1 per litre mark which does not go up or down even when the price of oil drops

How would that work then? So lets say the Saudi royal family suddenly decide theyre going to charge £1.10 a litre, who will pay the extra 10p?

We could borrow it from a hillbilly American bank?  My Previous RR's!
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Gazellio wrote:

Quote:

THEY HAVE NOT REDUCED the cost of fuel by 6p because we have had not started paying that increase yet. How can you save the 6p that you have not paid out yet!!!! This type of comment really annoys me! Typical tory crap!! they think they are helping you out but they haven't really done anything apart from the 1p reduction and cancelling the 6p increase which will more than likely be added to the cost of fuel over the next few days/weeks anyway as oil goes through the roof because of the oil and gas company tax now introduced. They should have introduced a fixed price for petrol around the £1 per litre mark which does not go up or down even when the price of oil drops

Who said reduced????

I said "effectively reducing ongoing cost by 6p a litre"

Quote:

effectively reducing ongoing cost by 6p a litre

The fact is fuel was going to go up by 6p now it is not so thats an "Effective" saving to your "Ongoing" costs mate.

Its that kind of comment and thinking that got in this mess in the first place.

Print & spend eh.....

Now let me think Matt, who was it that introduced the fuel duty escalator?.......mmmmmm,eeeeeeeerrrrrrrrrr

Can't remember, give you a clue, they are the same people who gave us the 'Miracle economy' ' end to the tory boom and bust' which ended up with the biggest bust in living history. The same people who during this miracle boom, when tax receipts were at their highest, were still borrowing money, which is why, as usual, the tories have to come along, and as always after the loonies lefties have been in power, the tories have to put it right, and take the unpopularity.

Of course, by the time they put it right, and get the debt under control, probably labour will get back in, just in time to spend us back into massive debt again. What a ridiculous cycle.  2012 SDV8 Vogue SE

bozmandb9 wrote:

Now let me think Matt, who was it that introduced the fuel duty escalator?.......mmmmmm,eeeeeeeerrrrrrrrrr

Can't remember, give you a clue, they are the same people who gave us the 'Miracle economy' ' end to the tory boom and bust' which ended up with the biggest bust in living history. The same people who during this miracle boom, when tax receipts were at their highest, were still borrowing money, which is why, as usual, the tories have to come along, and as always after the loonies lefties have been in power, the tories have to put it right, and take the unpopularity.

Of course, by the time they put it right, and get the debt under control, probably labour will get back in, just in time to spend us back into massive debt again. What a ridiculous cycle.