Fuel tax up again 1st April

Mucky_Pup · 1 Apr 2010 at 13:39

I filled up last night, forgot about the rise, I just needed petrol, 1p doesn't bother me, specifically since I made the choice of paying an extra 7ppl to put V-Power in, lol.

Captain_Slick · 1 Apr 2010 at 13:46

Goksly said:
I know people keep harping on its only 1p or 2p etc, but in the last year its costing me £15 more to fill up!
Shell garage by me has gone up ~5p in a month, so if it goes up even more I'll be peeved!

£15 more a what? Day? Month? Year? Are you driving exactly the same amount as last year? Same route? Same car? Same level of acceleration?

[TW]Fox · 1 Apr 2010 at 13:54

Captain_Slick said:
£15 more a what? Day? Month? Year? Are you driving exactly the same amount as last year? Same route? Same car? Same level of acceleration?

What are you blabbering about? He is talking about the cost of filling up. If your tank is 60 litres it takes that to fill it from empty no matter how you have used it?

Goksly · 1 Apr 2010 at 13:56

No £15 to fill up the tank more.... doesnt matter if its a day, month year or driving style or route - the tank is the same size!

Captain_Slick · 1 Apr 2010 at 14:24

I've only just woken up. This is blabber hour.

Still, deal with it. Like your utility bill.

Locky · 1 Apr 2010 at 15:32

Well been past my local garage which was 113.9 and 114.9 earlyer today.

now its 116.9 and 118.9 I thought it was ment to be going up 1p not 3+

Chris1712 · 1 Apr 2010 at 16:08

I've noticed garages sneaking it up all week. When I filled up last Thursday it was 113.9 for unleaded, going home last night it was 117.9. Be interesting what it is tonight!

Hatter The Mad · 8 Apr 2010 at 22:15

Duke · 8 Apr 2010 at 22:51

If oil goes back over $100 and towards $150 again, we're ******.

rypt · 8 Apr 2010 at 22:56

Duke said:
If oil goes back over $100 and towards $150 again, we're ******.

Yup, pound tanking, oil prices rising, lack of refining capacity, government taxes.
We are double ******.

The_Abyss · 8 Apr 2010 at 23:21

Hatter The Mad said:

And that shows the smoothing effect of having a fixed cost of tax. If the tax was a percentage of the fuel price, with fluctuations like that (and even more over the very short term, but just not visible on that graph), then petrol prices would be a lottery. You could pay £90 to fill up one week, and then £60 the next.

rypt · 8 Apr 2010 at 23:29

No it does not, a smoothing effect would be to keep prices constant by varying the tax.

Jonnycoupe · 8 Apr 2010 at 23:31

The_Abyss said:
And that shows the smoothing effect of having a fixed cost of tax. If the tax was a percentage of the fuel price, with fluctuations like that (and even more over the very short term, but just not visible on that graph), then petrol prices would be a lottery. You could pay £90 to fill up one week, and then £60 the next.

You mean £7.50 one week, £5 the next ?

The_Abyss · 8 Apr 2010 at 23:59

rypt said:
No it does not, a smoothing effect would be to keep prices constant by varying the tax.

They're hardly likely to vary the tax day by day, week by week though are they.

rypt · 9 Apr 2010 at 00:05

The_Abyss said:
They're hardly likely to vary the tax day by day, week by week though are they.

A petroleum company knows what petrol is going to cost at the pumps several weeks in advance since it is based on oil prices from whenever they bought oil. As such the government can know weeks in advance what the petrol will be.

The_Abyss · 9 Apr 2010 at 00:16

And if it doubles over 'several weeks' as it has in the recent past. You'd be happy to pay double the amount of tax?

markweatherill · 9 Apr 2010 at 08:06

Hey, you can pay £1.20 for a loaf of bread these days too.

branddaly · 9 Apr 2010 at 08:21

markweatherill said:
Hey, you can pay £1.20 for a loaf of bread these days too.

You can also spend 50 pence. That doesn't even cover the duty on a litre of petrol.

Duke · 9 Apr 2010 at 09:01

Listening to Radio 5 last night and they briefly mentioned about motoring costs inc fuel prices and some wishy washy Lib Dem (didn't catch who it was but think it was either the top bod or one of the top ones) said 'Oil goes up and down in price a lot which is why the price fluctuates' and ended it there :rolleyes:

edscdk · 9 Apr 2010 at 09:14

rypt said:
A petroleum company knows what petrol is going to cost at the pumps several weeks in advance since it is based on oil prices from whenever they bought oil. As such the government can know weeks in advance what the petrol will be.

isnt oil purchesed months in advance at a fixed price? (ie you are right but they know the price months in advance