KIAB
Super Member
Joiner J, I do admit that petrol prices would have gone up, but the truth of the matter is that oil is sold in dollars. In effect, the falling value of the pound means you need more pounds to buy $1 of oil. There lies our problem. For some businesses, petrol is a major ''materials'' requirement for their daily operations. How much of this rising costs can they pass onto their customers without experiencing falling sales?
The pre tax petrol price is pretty cheap, the problems start when fuel duty and VAT are added,that bumps up the price to silly prices, we use to pay the highest fuel duty in the EU, & I'm sure we still do, time to reduce the fuel duty I say.
Intresting facts.
https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=5&ved=0ahUKEwiArZ2g4I7QAhWLB8AKHZh8B30QFgg7MAQ&url=http://www.racfoundation.org/assets/rac_foundation/content/downloadables/RACF_fuel_fact_sheet.pdf&usg=AFQjCNEka-eXVGDzC8BY9GLyUIgT8Ikppg&cad=rja
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