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Petrol Prices Are Set To Soar Again

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http://www.independent.co.uk/news/uk/home-news/petrol-prices-are-set-to-soar-again-2047551.html

Petrol prices could soar by 8% by the beginning of next year, it was predicted today.

And the cost of filling up at the pumps could rise by 3% by this August Bank Holiday weekend.

The warning to motorists came from the Retail Motor Industry Independent Petrol Retailers Association (RMI Petrol).

It put the blame for the expected rises on currency movements and world oil price increases.

RMI Petrol, which represents around two-thirds of Britain's 9,000 petrol forecourt sites, said petrol prices could rise as high as 125.9p per litre in the new year, smashing the current record high of 121.61p.

This increase would take into account the rise in VAT and the planned hike in fuel duty.

RMI Petrol chairman Brian Madderson said: "The rebound in crude oil pricing is disappointing but not entirely unexpected. It will further increase pressure on independent retailers who are fighting for survival, especially in rural areas, due to the double hit of falling volumes and tighter margins.

"This crude oil increase will feed through the supply chain and could result in prices going up by as much as 4p a litre in the next three weeks."

Excellent should help the recovery become even more locked in and help give the BoE yet another excuse as to why they've missed the inflation target yet again...

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http://www.independent.co.uk/news/uk/home-news/petrol-prices-are-set-to-soar-again-2047551.html

Excellent should help the recovery become even more locked in and help give the BoE yet another excuse as to why they've missed the inflation target yet again...

Yep - "if you exclude all the things that have risen in price there wasn't really any inflation and we're bang on target".

Can't believe they repeatedly get away with that rubbish unchallenged by the media. Hmmm ... given the state of journalism in general and the thickness of the general public, I actually can believe that.

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Surely this is good news? When house prices go up it is apparently good for us all so by the same token this must be good for us too...

I welcome the day a Mars bar costs £1 ;) Probably some point next year since Merv is allowing inflation to rage out of control :angry:

Edited by MrFlibble

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Yep - "if you exclude all the things that have risen in price there wasn't really any inflation and we're bang on target".

Not strictly true since they would need to include all items that increased exactly 2% to be bang on target ;)

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We have a budget of £600 each and have to carry our own shelter, food, clothes, stove, jerry can, spares etc. I am thinking of a Suzuki Burgman 250 or a Yamaha YP 250. You might see me strumming round Rivington on it next spring / summer. :lol:

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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