3P fuel duty rise cancelled

[B Huey]

martin84 said:

I make it £1.09 a week myself.

That's nearly enough to buy a Mars Bar while your at the garage.

[martin84]

B Huey said:

That's nearly enough to buy a Mars Bar while your at the garage.

Yeah well don't knock it. People are always quick to complain when anything goes up 1p but never appreciative when it goes down.

[marshalla]

B Huey said:

The Hypno-Toad said:

Finally. A sensible decision by the government. Will make a huge difference to the average household.

Surely the average family will save less than a fiver a week. This is more about positive headlines than helping people out.

ETA, just worked out the average driver, 10000 miles a year at 40mpg will save less than 70p a week.

Cheers George.

Edited by B Huey on Tuesday 26th June 23:24

It's not a saving. It won't make any difference to anyone.

No-one is giving anything extra to anyone, so no-one gets any noticeable direct benefit. We all just keep a bit of money which the government were planning to take off us.

Or, putting it another way - you won't be able to buy any more Mars bars than you could before this announcement was made (unless Mars drop the price, or the price of your regular purchases actually comes DOWN).

[martin84]

It's a saving to businesses and individuals who will have been planning ahead financially on the assumption it'd be 5p more expensive.

[Ribol]

So to put things into context fuel will have only increased 45p a litre (from 90p) rather than 48p a litre in the last three years (in line with real world inflation )?

45p is obviously better than 48p but hardly a cause for celebration, no doubt when the dust settles that extra 3p will go on anyway.

[B Huey]

martin84 said:

It's a saving to businesses and individuals who will have been planning ahead financially on the assumption it'd be 5p more expensive.

Yes it is.

It's not going to get the economy back on it's feet as some people seem to think.

[Jasandjules]

B Huey said:

It's not going to get the economy back on it's feet as some people seem to think.

Whereas a 30p drop in duty would go a loooong way to doing that.

[martin84]

Jasandjules said:

Whereas a 30p drop in duty would go a loooong way to doing that.

But where do they get the £15billion from in the meantime?

[V88Dicky]

Well, Sainsburys near me are now down to 125.9ppl. A significant saving from the 139.9 that it was 6-8 weeks ago.

[martin84]

My local Texaco was 144.9 in the peak of Maude gate. It's now 129.9

[crankedup]

Pleased to see heating oil has now dropped 11p lt from its high of 64p lt. And still dropping, significant saving when buying 1200 lt.

[andyjo1982]

marshalla said:

B Huey said:

The Hypno-Toad said:

Finally. A sensible decision by the government. Will make a huge difference to the average household.

Surely the average family will save less than a fiver a week. This is more about positive headlines than helping people out.

ETA, just worked out the average driver, 10000 miles a year at 40mpg will save less than 70p a week.

Cheers George.

Edited by B Huey on Tuesday 26th June 23:24

It's not a saving. It won't make any difference to anyone.

No-one is giving anything extra to anyone, so no-one gets any noticeable direct benefit. We all just keep a bit of money which the government were planning to take off us.

Or, putting it another way - you won't be able to buy any more Mars bars than you could before this announcement was made (unless Mars drop the price, or the price of your regular purchases actually comes DOWN).

This /\/\/\/\/\

Also, I can't help but think there will be another threat of a fuel strike or something similar at the end of the year to scare monger people into panic buying again and jack the price up, so realistically, the gov don't lose too much...

The extra 3p on after Xmas will be a lovely little bonus too

[martin84]

I think Osborne is hoping people will be too distracted by Christmas/New Year etc that they don't care anymore by then. If it goes through in August then the papers have little to write about other than a fuel duty increase as all the sport is finished and parliament is still in 'recess.'