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# What would you say would be a fair price for petrol nowadays?

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1. Re: What would you say would be a fair price for petrol nowadays?
(Original post by thefunktopus69)
I was in a Texaco the other day and they show customers their margins and after a few calculations I worked out that the station makes £1.50 profit on my fill up (£60 worth) whilst the Treasury gets £8!
How does the treasury get £8 out of a £60 fill up?

Lets say you put £60 in at 138.9p a litre that would get you 43.19 litres.

80p of every litre is tax means 0.80 times 43.19 = £34.55 goes to the treasury!!

The actual cost of the fuel is £25.45/43.19 means the actual petrol is 58.9p a litre.

If you fill up a 70 litre tank with diesel at 145.9p a litre it comes to £102.13 and £56.70 of that is tax, leaving £45.43 or 64.9p as the actual diesel cost.
Last edited by CalB92; 01-04-2012 at 18:48.
2. Re: What would you say would be a fair price for petrol nowadays?
£1 a litre is reasonable.
3. Re: What would you say would be a fair price for petrol nowadays?
£30 to fill a tank is reasonable.

It is cheaper then this on the market...the only reason it is so high is tax. I very nearly got priced out of my last job by fuel costs, very easy for smarmy MPs on £60,000 to think making fuel more expensive is acceptable.
4. Re: What would you say would be a fair price for petrol nowadays?
i think a lot of people would be happy just to have VAT taken off the price of petrol. As many people have said, it's paying tax on tax that is the most frustrating thing!!
5. Re: What would you say would be a fair price for petrol nowadays?
50p.

Honestly though, we should just scrap our transport systems entirely and start again from scratch.
6. Re: What would you say would be a fair price for petrol nowadays?
I don't drive and since i have no intention of leaving the city centre, whilst i may pass my test i will take the train.

That said i do agree that fuel duty is robbery, especially when you consider that before it gets to the pumps the oil company has already payed an aggregate levy and petroleum revenue tax.

I personally want us to transition to electric cars but as an economics student and a Tory i also want to see the fuel price at equilibrium.

£0.90 i think would be a 'fair price'.
7. Re: What would you say would be a fair price for petrol nowadays?
(Original post by CalB92)
How does the treasury get £8 out of a £60 fill up?

Lets say you put £60 in at 138.9p a litre that would get you 43.19 litres.

80p of every litre is tax means 0.80 times 43.19 = £34.55 goes to the treasury!!

The actual cost of the fuel is £25.45/43.19 means the actual petrol is 58.9p a litre.

If you fill up a 70 litre tank with diesel at 145.9p a litre it comes to £102.13 and £56.70 of that is tax, leaving £45.43 or 64.9p as the actual diesel cost.
£34 is a hell of a lot more (worse) than £8!
8. Re: What would you say would be a fair price for petrol nowadays?
Where i live... petrol is cheaper than water
9. Re: What would you say would be a fair price for petrol nowadays?
(Original post by RyanT)
£30 to fill a tank is reasonable.

It is cheaper then this on the market...the only reason it is so high is tax. I very nearly got priced out of my last job by fuel costs, very easy for smarmy MPs on £60,000 to think making fuel more expensive is acceptable.
An MP gets £66,000 to run one of the richest and most powerful countries in the world. All they get is abuse and constant downward pressure on their pay. They can lose their jobs every election.

A tanker driver gets £55,000 to drive about. When they want more money (like now), they hold the country to ransom and everyone blames the MPs.
10. Re: What would you say would be a fair price for petrol nowadays?
(Original post by Clip)
An MP gets £66,000 to run one of the richest and most powerful countries in the world. All they get is abuse and constant downward pressure on their pay. They can lose their jobs every election.

A tanker driver gets £55,000 to drive about. When they want more money (like now), they hold the country to ransom and everyone blames the MPs.
Firstly, they don't get £55,000. You're buying media lies about lorry driver wages a bit too eagerly. Try using your brain, it doesn't sound right 55k for driving what's essentially a bomb.

Their wages are lower and their job is extremely hazardous. Why shouldn't a working man be entitled to earn a good pay? Do you think everyones' wages should be pegged to university grades or something equally idiotic? These men do a good and much more useful job so slagging them off compared to MPs is an insult.

MPs don't run the country, they vote in the HoC on government laws. A very clear difference, the civil servants run the country under the direction of ministers. Please learn what you're talking about before engaging your gob, these people have no ideas about the problems of the working poor and the devestating impact petrol taxes are having on them.
11. Re: What would you say would be a fair price for petrol nowadays?
Well, it would be nice if petrol was a lot lower than it was at the moment.
I don't really understand why we moan about petrol prices, we have to fill our cars up to get to work and other places anyway I just don't bother looking anymore to be honest. I just think I need to fill my car up otherwise I can't get anywhere. and public transport is stupid prices round here.
12. Re: What would you say would be a fair price for petrol nowadays?
Just thought I would bump up the thread with the news that a garage in London is charging 183.9p for a litre of super unleaded, it is thought to not only be the most expensive fuel in Britain but also the world.

The garage is in Chelsea so I suppose the residents are not to bothered but 183.9? thats £8.35 a gallon!

Some better news is that Dover could soon see a 30p a litre duty cut to make the prices more competitive for foreign truckers who fill up with cheaper diesel in Europe. Private motorists in the area could also benefit in a move which could see petrol fall to 110p a litre and diesel 115p a litre if it gets the go ahead.

http://www.autoexpress.co.uk/news/au..._for_kent.html
13. Re: What would you say would be a fair price for petrol nowadays?
Despite the high cost of petrol, it is STILL cheaper to run a car over 4 years than it is to commute to work on public transport.

http://uk.finance.yahoo.com/news/car...-the-bus-.html

That is what is wrong with public transport, how and why should a train/bus cost you £6k more over 4 years than your car!? It's crazy.
14. Re: What would you say would be a fair price for petrol nowadays?
(Original post by gbduo)
Despite the high cost of petrol, it is STILL cheaper to run a car over 4 years than it is to commute to work on public transport.

http://uk.finance.yahoo.com/news/car...-the-bus-.html

That is what is wrong with public transport, how and why should a train/bus cost you £6k more over 4 years than your car!? It's crazy.
That was only on the basis that the car costs less than £1000 and fuel at £1.40 so for most people that journey would actually be cheaper by public transport.

Further, it depends on your age, commute and location...

In West Yorkshire for example anybody 21 and under can for £70 per month have unlimited bus and train travel in West Yorkshire which is likely unbeatable by car.

Further, anybody under the age of 25 can get the railcard to reduce their journeys.

I would state that if you have been driving less than 5 years then public transport is almost certainly cheaper, after that point it depends upon your car.
15. Re: What would you say would be a fair price for petrol nowadays?
Of course, but the vast majority of people who work are over 25. Its still interesting nevertheless and it is crazy that it can work out cheaper. Also nothing stopping you getting a car under £1k and keeping fuel prices steady over 4 yrs is just the same as keeping train/bus tickets steady over 4 years, you can't predict the price of them in 4 years time other than to say they will be higher, so it is uncontrollable variable that you cannot predict on, so keep it a constant.

Public Transport needs to be 10pc of its current cost to get people out of their cars. At the end of the day, petrol is cheap in comparison to the inconvenience and cost in time/money of public transport.

It costs nigh on £4k a year for a season ticket to get into London, that is ridiculous.
Last edited by gbduo; 05-04-2012 at 18:59.

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Last updated: April 5, 2012
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