Danny Alexander to call for fuel price cut

The chief secretary to the Treasury is to urge petrol and diesel distributors to cut prices further after recent declines in the cost of oil.

Oil has fallen from about $115 (£72) per barrel in June to about $84 per barrel, a decline of about a quarter.

In comparison, petrol prices in the UK have fallen from a high of about 131.7 pence per litre in the summer to 124.22 pence - a decline of about 6%.

Danny Alexander is to demand assurances price cuts will be passed on.

Mr Alexander will use a speech in Aberdeen to warn people would "rightly be angry" if they felt prices were not coming down as much as they should.

For diesel the drop is from 136.37 pence per litre to 128.58 pence.

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The phrase "Up like a rocket- down like a feather" sums it up. Pump prices responding to crude prices.

As always, we are getting ripped off, or am I just being a tad cynical?

AND ANOTHER THING.... there's the tax HM Govt. pile onto every gallon! 80% of the pump price is tax. ("Today" programme R4 this morning) That makes a "bit" of a difference. Also talking about re-introducing the Fuel Duty Escalator. MORE tax for thee and me to pay.

Ain't life great!