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Joy for drivers as petrol prices plunge
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Joy for drivers as petrol prices plunge
Petrol prices have dropped below the £1 mark throughout the Lincoln area for the first time in 11 months.
Asda in North Hykeham and Morrisons in Tritton Road, Lincoln were the first supermarket forecourts to buck the trend in the city – dropping their prices to 99.9p per litre of unleaded fuel.
Now other stations are following suit and as the competition increases prices are expected to drop even further.
http://www.thisislincolnshire.co.uk/news/Joy-drivers-petrol-prices-plunge/article-405963-detail/article.html
Asda in North Hykeham and Morrisons in Tritton Road, Lincoln were the first supermarket forecourts to buck the trend in the city – dropping their prices to 99.9p per litre of unleaded fuel.
Now other stations are following suit and as the competition increases prices are expected to drop even further.
http://www.thisislincolnshire.co.uk/news/Joy-drivers-petrol-prices-plunge/article-405963-detail/article.html
Re: Joy for drivers as petrol prices plunge
Even greater joy for me. My heating and hot water run off domestic oil (kerosene) and the price has dropped from a summer high of 64p a litre to 44p a litre yesterday. This represents a saving of £200 on a tank of 1000 litres.(The VAT remains the same so the Chancellor still taxes my keeping warm at the same rate.What did he do with tax windfall he got when the price was high!Any chance of helping me out this winter!)
omega2618- Posts : 267
Join date : 2008-09-25
Re: Joy for drivers as petrol prices plunge
I honestly don't know what happens to my tax pound.Perhaps someone on this forum can help.(Please don't say 'new schools and hospitals'.All new builds are private/public partnership whereby private equity builds and the Government leases them back on a 20 odd year basis by which time they will be falling down anyway.The figures I heard were that if a school costs £300m to build then it will cost £500m to lease it back.You work it out!)
Anyway,the windfall from heating alone is about £600m and this is at a lesser rate of VAT which currently is 5%. Darling did actually POSTPONE the 2% fuel levy which was due last October safely in the knowledge that he was raking it in at the pumps.(win,win.)
Anyway,the fuel windfall figures came from http://www.guardian.co.uk/politics/2008/jun/01/transport.taxandspending .
Finally,I'm all for openess and honesty and believe in transparency both with local and national Government.If I'm taxed up front and its for the greater good then so be it but I object to having my back pocket picked. The figure for stealth taxes in the past 10 years is 150 and rising. http://myweb.tiscali.co.uk/garbagegate/item2/stealth.htm
Combom said 'the chances are its just wasted'.
I honestly don't know.
Anyway,the windfall from heating alone is about £600m and this is at a lesser rate of VAT which currently is 5%. Darling did actually POSTPONE the 2% fuel levy which was due last October safely in the knowledge that he was raking it in at the pumps.(win,win.)
Anyway,the fuel windfall figures came from http://www.guardian.co.uk/politics/2008/jun/01/transport.taxandspending .
Finally,I'm all for openess and honesty and believe in transparency both with local and national Government.If I'm taxed up front and its for the greater good then so be it but I object to having my back pocket picked. The figure for stealth taxes in the past 10 years is 150 and rising. http://myweb.tiscali.co.uk/garbagegate/item2/stealth.htm
Combom said 'the chances are its just wasted'.
I honestly don't know.
omega2618- Posts : 267
Join date : 2008-09-25
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