alcazar

iTrader: (2)

For years it was always 5-6p per litre DEARER than 95 octane.

Now it's 2-3p CHEAPER. Can anyone explain?

andy97

iTrader: (1)

Yep, people are turning away from diesel back to petrol

alcazar

iTrader: (2)

Is that it? Just falling demand? And it SUDDENLY drops 7p a litre? Can't accept that.

andy97

iTrader: (1)

Can you think of anything else that has changed that only affects diesel prices alone whilst not impacting upon petrol.

Same process to manufacture, same basic cost of raw materials and no change in tax for diesel fuel against petrol

hodgy0_2

Logic would suggest diesel is cheaper to produce because it is less refined than petrol

andy97

iTrader: (1)

It is cheaper to produce. Years ago diesel was half price of petrol because other than companies no one used it.

The diesel revolution began late 90's, prices rapidly climbed and tax increased. I am not aware that the government has reduced the tax levy on diesel. The government announces that diesel is the new scourge on health. All of a sudden there is a price shift. I can only surmise that many people are ditching diesels cars for small engine turbo petrol vehicles and hybrids.

Gear Head

iTrader: (2)

To my understanding it is slowly down of industry in China that is having a big effect. Most equipment used diesel so there a stock pile in the middle east is getting ever bigger.

alcazar

iTrader: (2)

Interesting. It's been €0.12 a litre cheaper in France for ever.

markjmd

iTrader: (11)

That's because the French have deliberately taxed it less than petrol, since at least 1980. In the UK duty is the same on both.

cookstar

iTrader: (6)

My local garage

95 £1.09.9
diesel £1.06.9

alcazar

iTrader: (2)

Our local Sainsways, £1.07.9 and £1.05.9.

urban

iTrader: (1)

Local Tesco earlier with Wife's merc. Was 106.9, and then 12p a litre off with Tesco card fuel thingy

jonc

Just to add more fuel to the fire
http://www.bbc.co.uk/news/business-34262990

Petem95

Most diesel is refined in Europe (the UK only has 6 diesel fuel refineries). As the Eurozone continues to crumble, Sterling continues to strengthen against the euro and we end up with cheaper diesel at the pumps.

It's likely to get cheaper still based on current exchange rate trends, especially if the UK raised rates.

alcazar

iTrader: (2)

That's the sort of stupid, irresponsible reporting the Beeb are into at the moment.
if anything WOULD make the pumps run dry, reporting they are going to will do it!