19-02-2013, 10:03 AM
1
Petrol and Diesel costs
I expect everyone has noticed how much Petrol and especailly Diesel has gone up over the last few weeks.Well dont shrug it off and say the government taxes it too much, which it does 81p a litre, or the cost of Oil rising 44p a litre, or the cartel of refiners and retailers ripping us off putting it up fast and down slow, 11p a litre.
No this rise is due to the incompetance of the Bank of England monetary policy. QE has and is devaluing the Pound. It has fallen quite a bit recently and as Oil is imported and priced in US dollars we are paying more for it just because our economy is in the crapper!
This makes everything more expensive and incresaes inflation. Not that HMG worries, as inflation is the ONLY WAY the national debt can be eroded over the long haul.
So next time your fuel goes up 5p a litre remeber 1p is the extra VAT generated by the price rise.
In 2003 petrol was 76p now it is £1.39. Diesel was 78p now it is £1.46 - up 87% in under 10 years!
19-02-2013, 10:06 AM
2
Re: Petrol and Diesel costs
It is scandalous the way inflation is rising and incomes shrinking. If policitians know their history, they should know this is a recipe for disaster.I've already stopped using the car so much. I also noticed that a bag of mixed salad that cost £1 before Christmas is now £1.35. I find myself refusing to pay for many things because they're grossly over-priced. Consumers need to force prices back down by not paying exaggerated costs.
Right, I'm going to get off this soap box now .......
20-02-2013, 12:04 PM
7
Re: Petrol and Diesel costs
Not having a car on the Island would cause problems. Our bus service is, outside of rush hour, tends to be one every hour. In more rural areas, that can extend to one every 2 - 3 hours. Where my daughter lives, the last bus leaves the nearest town for her village at 6pm and picks up no passengers on it's way back into town! Bus fares are horrendously expensive as well - it is often cheaper to travel by car here.
03-08-2013, 08:40 AM
8
Re: Petrol and Diesel costs
It seems whenever I pass my large Sainsbury's or Morrisons I notice an extra 1p has gone on the price! I think it's almost a weekly occurrence. I can soon confirm that as I keep a daily spend diary and usually write down the cost of fuel and how many litres bought.EVERYthing seems to be going up in drastic levels. Supermarkets, when increasing prices, don't do it by pennies, but by much more.
But going back to fuel costs: I rarely use my car now, instead I go by bus using my free Oyster card, or try to walk. Poor thing was idle for over 6 weeks when I had my hand injury, but look at the money I saved!
The other week I had a short break out in rural Essex and had to top up several times: phew, more expensive than in London. And I wasn't that far away. (Oh, and it wasn't only petrol that cost more. Shops were few and far between and simple groceries were eye watering.)
03-08-2013, 09:40 AM
9
Re: Petrol and Diesel costs
Supermarkets are being slightly naughty here if you spend enough in store they are knocking 10p off a litre of fuel, if they can afford to do that why not knock the price down a little less for everyone ?As we cannot really do without our car we continue to fill the tank but it's now costing half my wages in fuel to get to work
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