The average price for a litre of petrol has risen to an all-time high of 119.9p
8 April 2010

Petrol prices in the UK have reached a record high, according to analysts Experian Catalist.

The figure of 119.9p per litre eclipses the previous record of 119.7p that was set in July 2008 when the price for a barrel of oil also reached a record high.

RAC motoring strategist Adrian Tink told the BBC: "This is a dark day for motorists. Petrol prices have been rising steadily over the past year and have now reached the inevitable record high. However, this is only the average.

"In some areas motorists will be paying close to £6 a gallon [131.9p a litre]."

The average price of a litre of diesel currently stands at 120.65p, which is 12.6p less than the record set in July 2008.

The continued rise is being put down to the refinery costs of oil, as well as the persistent rise in duty. The most recent tax increase per litre was 1p, which was introduced a week ago. Further duty increases are scheduled for October and January.

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13

8 April 2010

I'm struggling to understand why?

Ok, the pound is weak, but it was just as weak, if not worse when petrol hit its record high last time.

And oil is not much above half of what it was then.

Someone is milking money somewhere..............

8 April 2010

Theres only one major reason for high fuel prces and thats TAX!!!!!!! between £7 & £8 of every £10 of fuel we buy is made up of tax for mr brown to fritter away to bankers,mr darlings new home,etc,etc,etc.....roll on polling day.sadly there wont be much difference between any of the so called partys voted by the people for the people, has any goverment actually spent our taxes on what there meant for????naaaaaaaaaa.

8 April 2010

Absolutely right 'Goodcarlover'. With a wooden, incompetent, tax junkie like Brown in Downing Street, it will soon be £9 out of every £10 to squander on ridiculous projects and initiatives that no one in the real world would dare to contemplate.

As you say, roll on polling day !

8 April 2010

what i can never understand is why the price difference between petrol and diesel fluctuates so much, i always thought diesel was less refined and cheaper to produce, the government wants people in lower co2 emitting cars which generally is the small engined diesels, but with them priced so much higher at purchase and then due to the price of diesel often being so much higher it'd take the average motorist an eternity to recoup the extra paid at purchase, so inspite of the governments so called atempts at greenery people buy the cheaper and higher co2 producing petrol cars. If you want us to buy the diesels make the fuel cheaper and stop trying to tax motorists off the road!

R32

8 April 2010

Any political party that pledges to significantly cut fuel duty if in power would have a seriously good chance of winning at the election - and that won't be Labour! We are all being ripped off at the pumps - each and every one of us. Just shameful.

8 April 2010

[quote fhp11]

I'm struggling to understand why?

Ok, the pound is weak, but it was just as weak, if not worse when petrol hit its record high last time.

[/quote] No it wasn't. In fact, the pound was very strong. When the fuel prices were at their highest in the Summer of 2008 the pound was worth about 2 dollars (I know because I went on holiday to the USA and that was the rate I got). [quote si73]what i can never understand is why the price difference between petrol and diesel fluctuates so much, i always thought diesel was less refined and cheaper to produce,[/quote] That used to be the case, but with the need for cleaner fuels diesel is now more expensive to produce than in the past.

8 April 2010

Yes, taxation is the reason for the high prices, nothing more.

As unemployment grows, and public spending eases there is less tax revenue flowing to the coffers. So, the poor old motorist becomes the target yet again for gouging.

When I think of how much this current government has wasted on failed or useless projects since they have been in power, without any accountability or oversight, it makes me want to puke! Not that I have any faith at all in the next possible bunch that take the reins of power, who were also guilty of fraudulent expenses etc.

I think, in the last 6 - 8 weeks, I have paid a different price per litre with each successive weekly fill. Even yesterday the price had gone up another penny to 120.9 / litre, with no apparent justification or reasoning. I guess we are just an easy target. It would also be nice if we could claim back mileage traveling to / from our place of work like the MP's do.

8 April 2010

Sorry, never bought into the blaming government game. Yes, tax is high on fuel but prices have risen despite that. The oil companies are the ones milking us motorists dry, blaming refining costs/weak pound/crude oil price but they still continue to make vast profits. Don't get me wrong, I have no love for this government but the fact is the duty was based on the fuel tax escalator introduced in 1993 by… a Conservative government! And if you think any of the parties are going to reduce fuel duty while there is an enormous deficit to reduce, dream on.

8 April 2010

[quote Revoknucklehead]Sorry, never bought into the blaming government game. Yes, tax is high on fuel but prices have risen despite that. The oil companies are the ones milking us motorists dry, blaming refining costs/weak pound/crude oil price but they still continue to make vast profits. Don't get me wrong, I have no love for this government but the fact is the duty was based on the fuel tax escalator introduced in 1993 by… a Conservative government! And if you think any of the parties are going to reduce fuel duty while there is an enormous deficit to reduce, dream on.[/quote]

Spot on..

8 April 2010

Juice might be pricey right now but look on the bright side. Driving is still several thousand percent better than taking the bus.

My key interest is how high it has to go before we can start to see reductions in congestion, get some of the bozos off the roads, and I can get my bl**dy foot down again. Then I'll be truly happy. Come on Gordon, slap a few more quid on a gallon.

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