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23/03/2010
Fuel Price Hike Predicted
Motorists will have to dig deep into their pockets to fund yet more fuel price hikes, whatever the outcome of tomorrow's budget.
Autocar experts have forecast that 120p per litre is no more than a few weeks away.
"The good old motorist provides the Treasury with so much revenue. The 65% tax charged per litre of fuel raises around £25 billion annually," said Chas Hallett, Editor Autocar.
"Especially shocking when our investigations reveal that the oil companies take 31% for actual production costs and make only 4% profit – in an increasingly difficult and competitive industry."
He continued: "Fuel duty is fast approaching 70% per litre and there is little indication that the Treasury sees an effective upper limit to the tax take.
"We'd like to see a fairer system of pricing introduced that supports the industry when it needs it and does not continue to penalise the motorist."
Coming out of a very tough recession, motorists are questioning more than ever how the price of their fuel has climbed so high and so rapidly, when the price of crude has not.
Autocar can reveal that the cost of crude oil is only a very small part of the final pump price, and that wider economic and geopolitical factors have a bigger impact.
(PR/BMcC)
Autocar experts have forecast that 120p per litre is no more than a few weeks away.
"The good old motorist provides the Treasury with so much revenue. The 65% tax charged per litre of fuel raises around £25 billion annually," said Chas Hallett, Editor Autocar.
"Especially shocking when our investigations reveal that the oil companies take 31% for actual production costs and make only 4% profit – in an increasingly difficult and competitive industry."
He continued: "Fuel duty is fast approaching 70% per litre and there is little indication that the Treasury sees an effective upper limit to the tax take.
"We'd like to see a fairer system of pricing introduced that supports the industry when it needs it and does not continue to penalise the motorist."
Coming out of a very tough recession, motorists are questioning more than ever how the price of their fuel has climbed so high and so rapidly, when the price of crude has not.
Autocar can reveal that the cost of crude oil is only a very small part of the final pump price, and that wider economic and geopolitical factors have a bigger impact.
(PR/BMcC)
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07 March 2011
Petrol Prices Soaring Across British isles
While Northern Ireland has already recorded the highest price for unleaded at 129.9pence per litre in the UK during February - with Yorkshire and Humberside at the lowest - at 127.8pence, Dublin drivers are really getting hammered. Even taking the exchange rate into consideration, the Republic Of Ireland petrol prices are now even higher - over €1.
Petrol Prices Soaring Across British isles
While Northern Ireland has already recorded the highest price for unleaded at 129.9pence per litre in the UK during February - with Yorkshire and Humberside at the lowest - at 127.8pence, Dublin drivers are really getting hammered. Even taking the exchange rate into consideration, the Republic Of Ireland petrol prices are now even higher - over €1.
05 August 2011
E.ON Increase Prices
E.ON has today announced that it will increase its prices by 11.4% for electricity and 18.1% for gas, with dual fuel customers seeing a rise of 15.2%, effective from 13th September.
E.ON Increase Prices
E.ON has today announced that it will increase its prices by 11.4% for electricity and 18.1% for gas, with dual fuel customers seeing a rise of 15.2%, effective from 13th September.
05 September 2005
UK fuel prices rise sharply
Forecourt prices for petrol and diesel in the UK are continuing to rise sharply in the wake of Hurricane Katrina, which swept through the oil producing region of the Gulf of Mexico. The average UK petrol price has reached around 95 pence per litre for petrol (£4.27 per gallon) and in some cases motorists have reported being charged over £1.
UK fuel prices rise sharply
Forecourt prices for petrol and diesel in the UK are continuing to rise sharply in the wake of Hurricane Katrina, which swept through the oil producing region of the Gulf of Mexico. The average UK petrol price has reached around 95 pence per litre for petrol (£4.27 per gallon) and in some cases motorists have reported being charged over £1.
24 June 2005
British Airways announces ticket price rises
British Airways (BA) has announced an increase in fuel surcharge on ticket prices, due to increasing oil price rises. The longhaul fuel surcharge will increase to £48 per return trip, while the surcharge for shorthaul flights will rise to £16 for a return trip, for all tickets purchased from June 27.
British Airways announces ticket price rises
British Airways (BA) has announced an increase in fuel surcharge on ticket prices, due to increasing oil price rises. The longhaul fuel surcharge will increase to £48 per return trip, while the surcharge for shorthaul flights will rise to £16 for a return trip, for all tickets purchased from June 27.
10 June 2004
Asda lowers petrol price to under 80p per litre
Retail chain Asda has today pegged the price of petrol sold at its pumps to stay under 80p per litre, and urged rivals to follow its lead. All Asda's 150 petrol stations will today offer a nationwide price of 79.9p at the pumps for both petrol and diesel.
Asda lowers petrol price to under 80p per litre
Retail chain Asda has today pegged the price of petrol sold at its pumps to stay under 80p per litre, and urged rivals to follow its lead. All Asda's 150 petrol stations will today offer a nationwide price of 79.9p at the pumps for both petrol and diesel.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
