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#258396 - 18th Sep 2008 11:13am Petrol still rising, oil still falling!!
StuyMac Offline

Wiki Master

Registered: 24th Nov 2003
Posts: 12002
Loc: Wirralshire
..makes me so fooking mad somad

Petrol firms accused of 'profiteering' while oil prices fall 40%

Petrol prices are increasing despite massive drops in the price of oil, it has been reported. It is understood that some petrol stations are asking 2p a litre more for unleaded – or nearly 10p a gallon – over the last few days. This means motorists are paying £1 more every time they fill up.

Meanwhile wholesale oil prices have dropped nearly 40% since July and the wholesale cost of diesel and petrol is down 30%. The revelations have led to accusations of profiteering and motoring groups are demanding forecourts drop their prices.

AA spokesman Luke Bosdet said: 'These dramatic falls should be filtering their way to the pumps by now. Instead, garages are putting on 1p and 2p a litre to screw a bit of extra cash before the inevitable drop.

'It looks as if garages are trying to squeeze a penny or 2p a litre extra out of motorists before prices do drop. It smacks of profiteering. It really is outrageous that pump prices should be rising when oil is plummeting.'

This week alone the wholesale cost of petrol has dropped 10% but the AA has revealed that the average price of petrol rose from 112.88p to 112.91p a litre - with some petrol stations charging a lot more.

Ray Holloway of the Petrol Retailers' Association, which represents 6,100 of the 9,200 filling stations, said the irregularities were down to currency fluctuations. He added: 'Oil is traded in U.S. dollars and the British pound has fallen in value against the dollar, which is making the cost of fuel to UK customers more expensive.

'Without this currency difference, petrol and diesel would be up to 5p a litre cheaper in Britain.'

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#258835 - 20th Sep 2008 11:49am Re: Petrol still rising, oil still falling!! [Re: StuyMac]
DavidB Offline
Wiki Guide

Registered: 7th Dec 2003
Posts: 5595
Loc: Bebington, Wirral
Again, where are the government watchdogs and the government themselves in all of this? Who is protecting our statutory rights against the oil companies? It's totally f*cked. Check the prices of fuel in places like France, etc. It's dropped in line.
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#258895 - 20th Sep 2008 3:35pm Re: Petrol still rising, oil still falling!! [Re: DavidB]
Tony_1985 Online   spooky

Forum Master

Registered: 19th Aug 2006
Posts: 2421
Loc: Ellesmere Port
Guys, have you checked the prices at the likes of Tesco, Morissons and Sainsbury's

They have in fact dropped by 3p per litre on unleaded, now showing as 106.9p

Whilst the likes of Shell 109.9p and BP 112.9p haven't even tried to match it yet

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#259009 - 21st Sep 2008 12:40am Re: Petrol still rising, oil still falling!! [Re: DavidB]
jason24v6
Unregistered


Originally Posted By: Station
Again, where are the government watchdogs and the government themselves in all of this? Who is protecting our statutory rights against the oil companies? It's totally f*cked. Check the prices of fuel in places like France, etc. It's dropped in line.
withthat

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#259822 - 25th Sep 2008 1:53pm Re: Petrol still rising, oil still falling!! [Re: ]
DavidB Offline
Wiki Guide

Registered: 7th Dec 2003
Posts: 5595
Loc: Bebington, Wirral
In 2003, when prices started rising, it was 75p per litre. I don't know about inflation, but realistically, it should be well within 87p - 93p? Greedy twunts.
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#259839 - 25th Sep 2008 4:48pm Re: Petrol still rising, oil still falling!! [Re: DavidB]
Davey_Martin Offline
Forum Master

Registered: 17th Jul 2007
Posts: 2888
Loc: New Ferry
at tesco they are still doing the 5p off a litre when u spend £50 or more in store. at the minute here it is 106.9 i think, so just over a quid a litre

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