Petrol prices- when does the madness end?
Discussion
Mr Tidy said:
cuprabob said:
Mr Tidy said:
Yes, my local Tesco has gone up 5p a litre in the last week.
Every little doesn't help MB140 said:
Mr Tidy said:
cuprabob said:
Mr Tidy said:
Yes, my local Tesco has gone up 5p a litre in the last week.
Every little doesn't help wiliferus said:
Saleen836 said:
The 5p duty reduction is due to be added back on in April with the budget, so expect it will be the 5p plus rpi
With a general election in the not too distant future, I’m not convinced that will happen. Does bring back memories of Rishi Sunak trying to buy petrol that time and struggling with it from lack of experience. Not owning the car he was filling up, struggling with contactless payment card etc... that was good for some lols.
I work for an energy company in the Middle East, amongst other refining crude oil in to white oil products including petrol.
Crude and petroleum products are sold at market rates, crude has not increased this year and is at $82 / barrel, 95 Ron Petrol is $110 per barrel for February. ($106 in January). 1 barrel = 159 litres.
The sales cost FOB is $0.69 per litre.
The rise in pump prices is to do with the supply links rather than the product price.
Crude and petroleum products are sold at market rates, crude has not increased this year and is at $82 / barrel, 95 Ron Petrol is $110 per barrel for February. ($106 in January). 1 barrel = 159 litres.
The sales cost FOB is $0.69 per litre.
The rise in pump prices is to do with the supply links rather than the product price.
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