Tuesday, January 12, 2016
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Who are these people? Do they live in the real world. Of course not. They claim all their fuel expenses back, so it doesn't affect them. I have been watching and listening to the news of late and all the broadcasts have been on about petrol and diesel getting to below £1 per litre. Where has this happened? In 2006 a barrel of Brent crude was $65.14 per barrel and the pump price was 89.7p pl for petrol and 93.9p pl for diesel. The cost of a barrel of crude is $36.14 cheaper now than then. So where is the reduction being passed on to the consumer. My maths isn't that good to be able to work out the percentages, but it seems to me that there is a massive profit being made here by the fuel companies. My theory is this. The Government don't want to investigate this rip-off because they themselves are heavily involved as share-holders in the fuel companies. Therefore they would loose fortunes on their own shares as well as the tax that is levied on the fuel.