Wow Diesel Cheaper Than Petrol

Discussion in 'Motorhome Chat' started by Baggers53, Jul 14, 2015.

  1. Baggers53

    Baggers53 Funster

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    I have just called in Tesco, Stafford for fuel.
    Petrol is £1.15
    Diesel is £1.14
    When was the last time diesel was cheaper than petrol?
     
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  2. chaser

    chaser Funster

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    Do you know, I have seen the same prices for diesel and petrol at quite a few places recent but that's the first cheaper diesel, is that the one at the end of silkmore lane , it's always cheaper there, we go to penkridge market on a Wednesday and always fill up there
     
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  3. GJH

    GJH Funster Life Member

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    The current price war started with Asda's decision, following the budget last week, to price both at 114.7 per litre.

    Diesel has only been a higher price in recent years because the oil companies have taken advantage of the popularity of diesel cars in the UK to make a killing. Look at the historical prices on the AA web site to see how the hike in diesel prices followed the increase in diesel car sales.
     
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  4. Baggers53

    Baggers53 Funster

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    Chaser its the one in the town centre
     
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  5. John & Joan

    John & Joan Funster

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    Tesco at Leyland had both at the same price today £1.159.
     
  6. DuxDeluxe

    DuxDeluxe Funster Life Member

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    Same here in Tesco Colchester. Diesel 1p cheaper. Unfortunately I don't have access to Platts or any of the shipping fuel price wire services any more so can't check trends, but apart from the above, we are early for the USA winter stocking season and also the Chinese slowdown may have had an impact on prices. Having dinner with some ex work colleagues on Thursday so might find out more - fuel prices and quality is still a subject dear to my heart........
     
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  7. Janine

    Janine Funster Life Member

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    Sainsbury's in Shrewsbury had Unleaded & Diesel each @ £114.9 today
     
  8. John Laidler

    John Laidler Funster

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    And here was me thinking it was because there was insufficient refining capacity in Europe to make enough diesel to meet the increased demand. :)
     
  9. GJH

    GJH Funster Life Member

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    According to the news earlier on the Iranian deal has reduced the Brent Crude price in anticipation of Iranian oil becoming available in the not too distant future.
     
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  10. GJH

    GJH Funster Life Member

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    Was a demand unmet then? :)
     
  11. John Laidler

    John Laidler Funster

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    Er, yes, which was why the price went up. Lesson one in any economics course.
     
  12. abforfun

    abforfun Funster

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    For how long
     
  13. GJH

    GJH Funster Life Member

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    Yes, the demand went up (implicit in my earlier post) but insufficient capacity to make enough diesel to meet that increased demand implies that so much of it would go unmet. I don't recall people being unable to drive diesel vehicles because of lack of diesel availability :)
     
  14. Techno

    Techno Funster Life Member

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    Diesel is more expensive purely because Gordon Brown increased the duty on it.

    1998 SPRING BUDGET
    Income Tax: Working Families Tax Credit introduced from October 1999. Married Couples allowance restricted to 10% from April 1999.

    Savings: Individual Savings Accounts (ISAs) introduced from April 1999.

    Excise Duties: Differential widened between diesel and unleaded petrol.

    Capital Taxes: Personal Capital Gains Tax reformed; indexation abolished and taper introduced.

    Company Taxes: Advance Corporation Tax (ACT) replaced by quarterly payments. Main rate cut to 30%, smaller companies rate cut to 20% from April 1999.
     
    Last edited: Jul 14, 2015
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  15. Janine

    Janine Funster Life Member

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  16. Techno

    Techno Funster Life Member

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    For many years diesel has been cheaper than petrol in every country in Europe except UK
     
  17. GJH

    GJH Funster Life Member

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    And has been for years. The higher price has purely been the oil companies' decision.
     
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  18. GJH

    GJH Funster Life Member

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    Because the ratio of diesel to petrol driven cars has been lower in the rest of Europe. Check the AA archives as mentioned previously. I did so a few years ago but never kept the notes.
     
  19. Techno

    Techno Funster Life Member

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  20. denisejoe

    denisejoe Funster

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    Sittingbourne Asda - £1.149 for both petrol & diesel. Rainham Asda (garage only) £1.139 for both.

    Joe
     
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