Oil price , petrol and diesel price - do you remember - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

Oil price , petrol and diesel price - do you remember

splender Avatar
8y, 2m agoPosted 8 years, 2 months ago
I seemed to recall at the end of last year, petrol was about £1 a litre and the oil price was less than US£100 per barrel. Then this year the oil price rocketed to over US$150 and so the price of petrol came to be £1.40 ish per litre. How come the price per barrel of oil has dropped to less than US$100 and yet the fuel prices are still so high? DO you remember how much petrol was when oil price was just under US$100 a barrel?
Other Links From Diesel:
splender Avatar
8y, 2m agoPosted 8 years, 2 months ago
Options

All Comments

(15) Jump to unreadPost a comment
Comments/page:
#1
they were saying the oil was $90 a barrel this am, the buy a month in advance too soent change the stupid prices tho :-(
#2
does the lack in rpice changes have anyting thing to do with the exchange rate as at the beginning of the year it was 2 US$ to 1GBP but now its like 1.7US$ to 1GBP...
#3
Can't remember how much it was, but I'm sure we are still paying too much. I think they are going to keep it around the £1.20 litre mark. It is my belief that this is what it was all about anyway. Take it really high, then drop the price to a level that they were aiming for.
#4
The prices will come down again once all the expensive petrol has been sold, the big supermarkets will drop first obviously.
#5
Morrisons in my area put there price up about 2 weeks ago, they are 2p a litre more expensive than Shell for Petrol & 1p more expensive for diesel.
#6
i was wondering that as well the other day - oil production is actually being reduced but still petrol here is 109.9....
#7
the current exchange rate is responsible for the prices not dropping on the forecourt, even though oil barrel prices have dropped.
#8
Morrisons is 108.9 along with the Shell , and Esso garages where I live . BP is still always higher.
#9
Apparently, it ought to be 84p a litre for petrol if the current prices of oil are taken into consideration. Of course, such profiteering is willingly encouraged by the govt, as it gives them plenty of extra dosh in fuel tax. Does anyone wonder where all that money goes, as well as the billions of pounds raised each year in road taxes?
#10
gaanja
Apparently, it ought to be 84p a litre for petrol if the current prices of oil are taken into consideration. Of course, such profiteering is willingly encouraged by the govt, as it gives them plenty of extra dosh in fuel tax. Does anyone wonder where all that money goes, as well as the billions of pounds raised each year in road taxes?


Into paying to funish Ministers second homes!
Or straight into their inflationary busting pension and salary rises. Sumbags, all of them!
#11
myjess
Into paying to funish Ministers second homes!
Or straight into their inflationary busting pension and salary rises. Sumbags, all of them!


I would not worry at home about his second home... it works out to be a tiny tiny amount even if there are loadsa of second homes owned by ministers, commercial companies support directors with tens of properties each and there are far fewer government officials! If consumers can support huge mega mansions of these business people, the same consumers can support the much more modest amount required by government staff. When you spend £1 ----> a large fraction goes to business people and a smaller amount as tax. So both ways you are paying for someone to live in luxury homes.
#12
when the government gives away around £500 million to that particle accelerator carp, the price of furrnishing second homes seems unimportant to me
#13
thought this was in interesting article:

http://www.pistonheads.com/news/default.asp?storyId=18685
#14
You are correct, petrol bust the £1 per litre barrier whilst the price of oil was still less than $100 per barrel.
http://www.whatgreencar.com/news-item.php?Petrol-breaks-1-per-litre-barrier

Since then, oil prices rose to the giddy height of $149 per barrel with petrol soon increasing to about £1.19 per litre on supermarket forecourts.

The price of oil has since dropped and is again below $100 per barrel with petrol prices falling at the forecourts. Yesterday, a futher 3p per litre was knocked off the price of petrol, making the average £1.07p on supermarket forecourts
http://www.hotukdeals.com/item/245034/morrisons-reduce-petrol-by-3p-a-lit/

There's naturally a small time lag between the price of oil and the price reflected at the forecourt.
#15
theres usually a big lag time in this country. still waiting for tesco by me to reduce their prices even tho asda and morrisons are 106.9

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!