Fuel - Wow... its still dropping

I haven't bought petrol since beginning of May, but I noticed at my girlfriend's that petrol was down to 113.9p, seems like i missed most of the hike

Had 109 at Morrisons today. Even thought to myself 'Christ, that's cheap' until I realised that not it isn't, it;s still a bloody rip off.
Was in Canada a few weeks ago and they were complaining about fuel costs - it was half what it is here!

Originally Posted by kwak zzr

i want to see 70p per litre again!!!!

Move to Australia! Currently around $1.50 a litre which at today's exchange rate is ~70p

At least most fuel providers are bringing the price down, unlike the government who aren't going to bring the duty paid down which would help a hell of a lot.

The best I have seen in London at the moment is 115.9, though this is my route to and from work. I get a little loathed to go travelling off it incase I get lost or just end up find some thats more expensive.

Am I right in thinking that the duty the goverment charge on fuel is a percentage of the cost of the oil, not a fixed amount? Therefore when oil prices go high, the goverment earn more in fuel duty.

Bring on alcohol fuelled cars.

Originally Posted by MrTom

Am I right in thinking that the duty the goverment charge on fuel is a percentage of the cost of the oil, not a fixed amount? Therefore when oil prices go high, the goverment earn more in fuel duty.

Yes.

Even so, it's still a massive increase in a very short period of time. How much was petrol this time last year

Just because it has gone down from extortionate back to seriously expensive, everyone thinks it's nice and cheap again.

Originally Posted by MrTom

Am I right in thinking that the duty the goverment charge on fuel is a percentage of the cost of the oil, not a fixed amount? Therefore when oil prices go high, the goverment earn more in fuel duty.

Yes, any other method would be stupid...

But then why is there vat on Heating oil, after all is it a luxury to have heat?