The RAC said at the start of the week, the average petrol price at the big four supermarkets, Tesco, Asda, Sainsbury's and Morrisons, was £174.4 per litre. Diesel was £1.86
Meanwhile the average for the delivered wholesale petrol price last week was £1.24, while diesel was £1.38.
After factoring in VAT, fuel duty and a "generous" retailer margin of 10p per litre, the RAC said "forecourts should soon be selling unleaded for no more than £1.62"
The RAC said at the start of the week, the average petrol price at the big four supermarkets, Tesco, Asda, Sainsbury's and Morrisons, was £174.4 per litre. Diesel was £1.86
Meanwhile the average for the delivered wholesale petrol price last week was £1.24, while diesel was £1.38.
After factoring in VAT, fuel duty and a "generous" retailer margin of 10p per litre, the RAC said "forecourts should soon be selling unleaded for no more than £1.62"
So with a modest retailer margin of 5p, we could be looking at £1.56 for petrol (I have included the VAT effect). Let's see...
I am sure it's the same everywhere .. petrol and diesel prices around here have gone up around 10 to 15 pence a litre in the past month and they are still climbing
I am sure it's the same everywhere .. petrol and diesel prices around here have gone up around 10 to 15 pence a litre in the past month and they are still climbing
Fair question, I think I put 68.5 litres in. Tank is 72 but I don't like letting it go too low. That will get me 1100 miles if I'm easy on the gas though
Fair question, I think I put 68.5 litres in. Tank is 72 but I don't like letting it go too low. That will get me 1100 miles if I'm easy on the gas though
so, just over £1.59 per litre, £7.23 circa per gallon .. ouch !!
Comments
Crisis over
The RAC said at the start of the week, the average petrol price at the big four supermarkets, Tesco, Asda, Sainsbury's and Morrisons, was £174.4 per litre. Diesel was £1.86
Meanwhile the average for the delivered wholesale petrol price last week was £1.24, while diesel was £1.38.
After factoring in VAT, fuel duty and a "generous" retailer margin of 10p per litre, the RAC said "forecourts should soon be selling unleaded for no more than £1.62"
So with a modest retailer margin of 5p, we could be looking at £1.56 for petrol (I have included the VAT effect). Let's see...
Thanks Putin you rancid cock gobbler...
That will get me 1100 miles if I'm easy on the gas though
I drive a 5.7l V8 petrol and get 200 miles to the tank.
The tax take on the £7.23 is about £3.61 if my sums are right, so just about 50%
Down at Newport Pagnell there was less price gouging.