s***n
发帖数: 10693 | 1 Budget 2011: Drivers say fuel prices went up in advanceBy Simon Gompertz
Personal finance correspondent, BBC News
Petrol retailers say their costs have been rising Continue reading the main
story
Budget 2011Key points at-a-glance
How will the Budget affect you?
Budget calculator
'Jobs to go' due to oil tax hike
George Osborne's instant 1p reduction in fuel duty was a genuine surprise,
but drivers have been contacting the BBC to accuse their local garages of
raising prices in advance.
So instead of paying less to fill up their tanks, they are paying more.
Nye Davis from Basingstoke noticed that his nearest garage had raised the
price of diesel by 2p yesterday, from 139.9p a litre on Tuesday to 141.9p.
Petrol retailers said the price they pay for fuel had been rising.
"I was pretty angry and upset," Mr Davis said. "To the consumer it sends out
completely the wrong message."
Other drivers reported that they had seen prices go up by a penny, so the
cut in duty simply puts them back where they were a few days ago.
Petrol retailers respond that they have faced a rise in their own costs this
week, which they have had to pass on to drivers.
"In the last three days the price of diesel has gone up by a penny a litre
and unleaded is up by 2p," said Brian Madderson of RMI Petrol, which
represents 6,000 independent retailers.
While supermarkets and some oil companies purchase supplies a week or more
ahead, his members tended to buy fuel from day to day, he said.
Cost spillover
Political instability in the Middle East and North Africa has been putting
upward pressure on the price of oil.
Continue reading the main story
“
Start Quote
We did say [to the government] don't implement any cut until 1 April. They
haven't listened to us”
End Quote
Oil industry ire at fuel tax plan
How the fuel duty cut is funded
Budget paints in green and brown
As the price of crude has risen, the cost increases have spilled over to
refined products such as petrol and diesel.
The average price of fuel on the forecourt has crept up inexorably over the
last month according to Experian Catalist, an information firm which tracks
the market.
Unleaded petrol was 133.53p on average yesterday, 4.5p higher than a month
ago. Diesel was an average of 140.26p, a rise of nearly 6p.
Another complaint from fuel buyers is that the 1p duty cut simply hasn't
been passed on as promised.
The chancellor said in his Budget speech that the cut in duty would take
effect at 1800GMT.
However, a number of drivers reported no change in prices on their local
forecourts, either last night or today.
Brian Madderson said that the lack of movement was entirely the chancellor's
fault.
"We did say [to the government] don't implement any cut until 1 April," he
explained. "They haven't listened to us."
Paid upfront
Garages buy their stock duty-paid. So implementing a duty reduction
immediately leaves them out of pocket.
It could take a day or two for a busy retailer to use up all the stocks it
holds in tanks under the forecourt. A rural garage might not need to buy
more petrol and diesel for a week.
In his Budget the chancellor scrapped the policy of raising fuel duty by
inflation plus a penny each year.
Duty will still go up in line with inflation, but this April's inflation
increase will be postponed until January next year, giving motorists a nine-
month breathing space in addition to last night's one-off cut.
Without Mr Osborne's decision, petrol and diesel would have been 6p more
expensive per litre from April.
The reductions will be paid for by a ￡2bn windfall tax on North Sea oil
producers.
But Labour has questioned the tactic, predicting that the producers will
recoup their losses by adding to the price of fuel.
Ministers have poured scorn on the claim, pointing out that the fuel
business is so competitive that oil companies will find it hard to make back
their ￡2bn on the forecourt. | s***n
发帖数: 10693 | 2 http://www.bbc.co.uk/news/business-12850205
main
【在 s***n 的大作中提到】
: Budget 2011: Drivers say fuel prices went up in advanceBy Simon Gompertz
: Personal finance correspondent, BBC News
: Petrol retailers say their costs have been rising Continue reading the main
: story
: Budget 2011Key points at-a-glance
: How will the Budget affect you?
: Budget calculator
: 'Jobs to go' due to oil tax hike
: George Osborne's instant 1p reduction in fuel duty was a genuine surprise,
: but drivers have been contacting the BBC to accuse their local garages of
| G*********o
发帖数: 2045 | 3 could be market-affected ...
main
【在 s***n 的大作中提到】
: Budget 2011: Drivers say fuel prices went up in advanceBy Simon Gompertz
: Personal finance correspondent, BBC News
: Petrol retailers say their costs have been rising Continue reading the main
: story
: Budget 2011Key points at-a-glance
: How will the Budget affect you?
: Budget calculator
: 'Jobs to go' due to oil tax hike
: George Osborne's instant 1p reduction in fuel duty was a genuine surprise,
: but drivers have been contacting the BBC to accuse their local garages of
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