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DimPrawn
9th January 2012, 10:07
Motorists braced for petrol price rise after wholseale costs jump - Telegraph (http://www.telegraph.co.uk/finance/newsbysector/transport/9001333/Motorists-braced-for-petrol-price-rise-after-wholseale-costs-jump.html)


Iran’s threat of a blockade in the Straits of Hormuz and shutdowns at refineries contributed to a 4.5p per litre hike in the cost of diesel between December 19 and January 5, according to figures from RMI Petrol. That is before the imposition of 20pc VAT.

RMI, which represents almost 6,000 independently-owned filling stations across the UK, said the price rise was the “steepest and fastest” ever seen over the Christmas period.

With average diesel prices at the pumps close to 141p per litre, RMI said it would now only take forecourt retailers to pass on some of the extra wholesale costs to consumers for prices to top the 143p a litre peak they reached on May 9 last year.



Awaiting AtW's comment....

BigTime
9th January 2012, 10:24
Motorists braced for petrol price rise after wholseale costs jump - Telegraph (http://www.telegraph.co.uk/finance/newsbysector/transport/9001333/Motorists-braced-for-petrol-price-rise-after-wholseale-costs-jump.html)


Iran’s threat of a blockade in the Straits of Hormuz and shutdowns at refineries contributed to a 4.5p per litre hike in the cost of diesel between December 19 and January 5, according to figures from RMI Petrol. That is before the imposition of 20pc VAT.

RMI, which represents almost 6,000 independently-owned filling stations across the UK, said the price rise was the “steepest and fastest” ever seen over the Christmas period.

With average diesel prices at the pumps close to 141p per litre, RMI said it would now only take forecourt retailers to pass on some of the extra wholesale costs to consumers for prices to top the 143p a litre peak they reached on May 9 last year.



Awaiting AtW's comment....

Haven't seen any increases yet but will fill up today anyway. Thanks

AtW
9th January 2012, 12:06
Awaiting AtW's comment....

Get a Tesla...

BrilloPad
9th January 2012, 12:32
There still seems to be way too many proles on the road. I do wish they would put prices up a bit more.

AtW
9th January 2012, 12:34
I do wish they would put prices up a bit more.

Price elasticity of demand - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Price_elasticity_of_demand)

Govts like to tax fuel, booze, smokes because demand does not change much which makes predicting revenues easier job for civil servants.

BrilloPad
9th January 2012, 12:38
Price elasticity of demand - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Price_elasticity_of_demand)

Govts like to tax fuel, booze, smokes because demand does not change much which makes predicting revenues easier job for civil servants.

Its a good point - proles will starve their kids before spending of these "essentials"