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Lower fuel prices - Bobbin Threadbare

www.telegraph.co.uk/finance/oilprices/8595499/Hope...l

Mehhhh...not convinced we'll see much of a reduction.

Lower fuel prices - oldroverboy

Out in the middle east for a couple of weeks, and all the talk is of petrol at 67p a litre here in jordan. diesel about 43p. traffic poluttion atrocious too.

Lower fuel prices - unthrottled

Well don't go there then! I hate the argument that high fuel prices are good because they reduce congestion. It forces the hardest up drivers to stop driving-hardly very progressive.

If air pollution bothers you stop taking pointless foreign holidays on tax free planes.

Lower fuel prices - Bobbin Threadbare

You don't want to live in Venezuela either. 1.4p a litre for fuel though. They apparently import a lot of US gas guzzlers and their traffic is horrendous

Lower fuel prices - oldroverboy

Well don't go there then! I hate the argument that high fuel prices are good because they reduce congestion. It forces the hardest up drivers to stop driving-hardly very progressive.

If air pollution bothers you stop taking pointless foreign holidays on tax free planes.

Sorry unthrottled, Do i have to justify why I travel? we are here to visit my mother in laws grave, another friend died recently here so will see his widow, but on the bright side we went to the graduation ceremony at jordan uni for my niece, (THAT WAS a celebration without drunken students!) Good weather, much nicer people in the shops, welcomed with a smile, want to help. (nokia shop updated my phone free and installed ovi maps free), and I didn't even buy the phone from them. Got some nice shirts made for a tenner each, 5 of us had a celebration meal without alcohol for less than 65quid,No hotels there is a family flat we use, oh and Not as many grim faces in the street either. I have been coming here now for 15 years, and also have had first class medical treatment on several occasions. yes there is some pollution, and yes the roads are chaotic in the rush hour but you don't get the road rage that there is in the uk. Also kindly note that I am British born and bred, and in my years of living in europe for work and family (12 years in switzerland) I know who i prefer. we are safer walking downtown here in the bazaar area than on watford high street on a weekend evening. finally at the airport, "welcome to jordan sir" Shukrun=Thanks. Lots of interesting cars too!

Edited by OldRoverboy on 24/06/2011 at 15:07

Lower fuel prices - unthrottled

Wrong tone-I apologise. I thought you might be one of the people who reads the Grauniad and thinks other people's cars should be taxed off the road in order to improve the environment yet won't desist from their own foreign holidays!

Lower fuel prices - jamie745

What i dont get about flying taxes is i heard this idea, or perhaps it is now in (i dont fly so i wouldnt know) of taxing or charging individual passengers for their "emissions", or their share of the planes emissions as it were. Yet many airlines have been known to fly planes with nobody on them to keep to quota's etc so who pays for the emissions on those flights? Hmmm.

I dont agree high fuel prices is ever a good idea as it doesnt cut congestion. We have alot of congestion in this country despite being ripped off left, right and centre for the privilage to use our roads. Price of fuel has doubled in the last 15 odd years yet theres 7 million ish more cars on the road than there was then, proving the logic of "make it more expensive roads become more empty" to be flawed, all it does is make people more skint and more in debt. Pricing the odd low earner out of driving is hardly a progressive plan. Fuel's gone up, insurance skyrockets, VAT's up, road tax is up but people still find a way by hook or crook to pay for it because for the vast majority of drivers there is no alternative. There is this bizarre thinking amongst MP's, eco groups and various brainless idiots that everybody all drives on the roads at the same time in the morning just to be really annoying.

But still the dirty secret that keeps getting swept under the carpet is most of the pump price is tax, not fuel. I dont mind paying a fair price for a product, at what that product is worth, but currently we're paying double what our petrol is actually worth and what it actually costs. Ive said before Governments took advantage of a low oil price for years to sponge off the motorist with ridiculous duty taxes, but those days will have to come to an end now as its not sustainable for them.

And considering the last Government called fuel duty a "green measure", the fact that fuel by the litre sales has reduced every year in the last five years, as cars get greener, more effecient and people cut their mileage where possible, yet the price of fuel has only gone up, shows that their so called ideal of nobody driving is very flawed, because they want the money, and they'd find a way to steal it from us elsewhere if we all stopped driving.

Imagine if everybody bought a Band A car tomorrow. Deary me.

Lower fuel prices - oldroverboy

No worries, unthrottled, have spent a good chunk of my life in and around the motor trade. Always interested in cars here, (my brother in law was a small importer here in jordan for 8 years importing cars and pick ups from china) they are really coming along. The greatwall supermini that will be on sale in the uk soon is here selling for about 8000 quid and that includes an eyewatering 100% or so import duty, Chevrolet cruze 1.6 ls aircon auto for 17000jd that's less than 15grand and also includes more than 100%taxes. Against that there was a brand new RR (white) parked outside a restaurant, think of the taxes that guy has paid. Someone even has a Roewe 750 on sale.... Finally, The UK is one of the cheapest countries in europe to tax a car, and that's too much for me too, because sod all of it is spent on the roads, but don't tell our glorious leader that the uk is cheap on motoring taxation or.........

Lower fuel prices - Bobbin Threadbare

Well apparently Tescos have dropped their prices by 3p a litre due to this new oil price. I'll do a link when a reputable newspaper provides an article!

Lower fuel prices - RT

Tesco are still 1.2p/litre more than Asda round my way - and Asda haven't dropped their price!

Lower fuel prices - Andy P

Don't know if it'll achieve anything:

http://www.fairfueluk.com/

Lower fuel prices - jc2

Most of the people complaining that fuel prices have not gone down seem to forget that the Government increased BOTH Fuel duty and VAT.

Lower fuel prices - RT

The issue with road fuel, just like electricity and gas, is that prices rise sharply when the world pre-tax prices go up but either only reduce slightly or don't reduce at all when the pre-tax prices fall.

Lower fuel prices - madf

Fule is priced in US$ so exchange rates play a part. In 2008 £1 was $2.1 . It's now $1.6.. A 25% fall so base prices in sterling before tax have risen 25% due to exchange rates...

And - as above - taxes have risen - both fuel duty and VAT. You can't whinge about prices and expect to have any impact if you have no idea of the facts driving prices.

Unfortunately, most whinges about fuel prices are based on ignorance and are therefore ignored.

To ignore the latest VAT increase and whinge about price rises is frankly just asking for derision.

Edited by madf on 24/06/2011 at 19:12

Lower fuel prices - jamie745

Im not ignoring the VAT increase, its put about another 4p on the pump price, hence why the Chancellor's 1p duty cut is merely a smoke screen as a minor rise in the product price and the VAT (done on percentage not fixed rate) makes their money back.

Lower fuel prices - Collos25

In the UK traffic counts show a decrease in traffic proportional to the increase in the price of fuel and when the price dips lower for a short time the traffic does not increase..

Lower fuel prices - Bobbin Threadbare

I have just been out and about and noticed that Sainsburys has dropped their fuel prices to 130.7p for a litre of petrol.

Lower fuel prices - Smileyman

I paid £1.28.7 a litre for unleaded petrol at Asda in Canterbury on Thursday (30th June).

Sounds great, but in reality it is atrocious ... the cost of petrol is far too high, it is hurting every economy in the western world, I'd like to see a breakdown of where the money goes, penny by penny - I'm sure tax is a large chunk, but what about the rest?? Into whos pocket??

Bring it down to 99p per litre for unleaded and inflation will fall, living standards rise and so on.....

Lower fuel prices - jamie745

59p of that 129p is fuel duty, i think around 20p is VAT (the real scandal is i believe VAT is charged on top of the duty, they use the duty as an inclusive price and take the 20% from the total, which should be illegal), take away delivery and retailer etc its around 45p for a litre of petrol in reality. The skewed way of doing the VAT means when duty goes up, the VAT actually goes up as well in turn (as its 20% of both the duty and product price lumped together).

So lets say if they took product price of 45p (roughly), delivery/retailer of around 5p, and added 20% that'd be 60p a litre with VAT, theres even room there to double that price with duty and it still wouldnt be what you actually paid today, you'd think if you lumped 40p duty on it that'd make it £1 a litre, well not so, because 40p duty would mean the VAT would be taken out of a 90p sum (retail, product, duty) would actually mean it'd rise to 108p, VAT charged on tax, interesting, i thought VAT only applied to luxury items, goods and services etc, not to tax. So when they put their duty up by 1p they are in turn raking in extra via VAT for having done so.

This is also how the Governments fuel duty cut meant nothing as they upped the VAT by three times that amount in January.

However i'll also say a cut to 99p will mean very little for most people, obviously it'd look alot better and in my view would be a reasonable price for the product, but the maths dont suggest it'd be a revolution, i got 10p off a litre today at Sainsbury, saved £1.50, not really retirement fund is it, it needs to be such a drastic cut to really make a difference that it'll never happen. Where it will help though is haulage firms, one not far from me was on the local news a few days ago, they have a £50million annual diesel bill, the fact is though only around £17million of that was spent on Diesel, the rest all went to the Government in tax so you can see why the haulage firms do nothing but b**** about it, and with good reason. Dont forget this is a trade which affects all of us.

Lower fuel prices - turbo11

Our nearest supermarket (Sainsburys) , some ten miles away was yesterday (Sat) 130.9p this is down from 135.9 a week ago. They are also offering 10p off a litre when you spend more than £60.

Lower fuel prices - Bobbin Threadbare

Sainsburys near my house is down to 128.9p/litre for 95 octane. This merely persuades me to put the super-unleaded in because it's down to less than regular petrol was 2 weeks ago.

There's no silly conditions on the Sainsbury's offer, unlike Tescos!