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A study of the UK petrol and diesel market by the Office of Fair Trading (OFT) has said little action is needed.
Originally posted by ManFromEurope
Last time I was over in London (about 2004, I guess) I wondered about the high prices for gas, I think it was about 2.80 Pound, which was about twice the price over here.
Now, we pay more than in the UK. I seriously don't know, but the taxes have not risen that much, therefore it must be the raw gas price..
Originally posted by diddy1234
if you want a laugh, try this link to see how much fuel is in your country compared to other countries.
Originally posted by threewisemonkeys
Used to be diesel was cheap. But back in the day diesels were woefully underpowered. Now we've got decent powered turbodiesels, the price has rocketed and the efficiency bonus over petrol has been eaten up in tax. In fact cost per mile its probably cheaper to drive a petrol car than a diesel now.
Originally posted by Extralien
That and the high cost of insuring these diesel cars.. apparently, the high price is/was due to them always being stolen.. now there's so many it's almost pointless stealing them.. so why has the insurance cost not come down?
Never had a diesel... never will.. unless it's a tractor..
And let's not forget the carconegen issue with diesel either.. and the soot left behind by them.. filthy things.
There was a time when I could fill my old MKIII Ford Capri up for about £10... which was 58 litres.. just a bit smaller than the saab..and could do a 200 mile trip on that.. but now..£30 a week is just my daily commute..
3.1 Pre-Budget Report 2008 VAT cut and duty increase VAT was cut from 17.5% to 15% in the 2008 Pre-Budget Report and petrol and diesel duty were increased by 2 pence per litre. It was announced that:1
…the cost of petrol and diesel will fall for private motorists who should see no increase in the price they pay at the pump this year from this measure.
The net effect of these changes depends on the underlying pre-tax price of petrol and diesel as these determine VAT yield per litre. Higher pre-tax prices increase the VAT yield and vice versa. The net effect of the cut in VAT and 2 pence increase in duty was to slightly increase the tax on a litre of petrol in early 2008, but as prices increased the net effect was to cut it for the rest of the year by an average of 0.25 pence per litre. The net effect on diesel was a small cut for the whole year. The VAT cut was temporary; it returned to 17.5% at the end of the year. The duty increase was not reversed there were further increases in April and September 2009.