One other thing to remember about the price of petrol & Diesel in the UK is the bulk of the price (last time i heard about 65p in the £1) is duty fixed by the Goverment yes folks OUR govermant who do seem to think we have deep pockets even though i have not had a pay rise in 3 years and so have a lot of other people.
That’s certainly true so far as it goes, but it’s not the whole story.
Since levels of tax and duties are normally set once a year by the Chancellor, if increases in petrol prices were caused by increases in duty then the price of petrol would only increase once a year – ie, after each Budget.
Has the price of petrol only risen once since the last budget?
And here’s another thing – how can events in Libya over the past week or so affect the price of diesel and petrol that was already in the storage tanks of oil companies and petrol stations?
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