Fuel Escalator

[AJS-]

SpeedMattersNot said:

Is Duty a percentage, or a fixed rate?

Can't beleive diesel is that expensive per unit either...I was under the impression it took barely any effort to refine, compared with petrol?

I would take that to mean the market value rather than the acutal cost of production.

And lo, according to Wikipedia it's about $1 a litre in the US, or roughly 60p which would be 48, plus 5 and plus a bit of GST.

When the oil price was $10 a barrel in the late 90s petrol was $1 a gallon in Florida, and from memory about 60p a litre here.

[Turn7]

So is it going up in January and August next year as planned ?

[JagLover]

jbi said:

AshVX220 said:

Fuel prices haven't reflected the price of oil for at least 3 years or so.

this is due to continual tax rises

and the fall in the value of the pound, oil is quoted in dollars after all.