What is the governments response to a predicted rise to £1.20 a litre petrol pump prices in the coming weeks?
Yes you guessed it, they are planning to put the tax up on the petrol by 3p a litre. They of course might turn around for political spin, and say that they won't raise it now. But it would mean later down the road when the price of oil does fall they will just whack on the tax rise then and so the tax payer will see no benefit and be mugged later rather than sooner.
The price of oil is a major determinant of the price of petrol, and yet the current oil price of about $80 a barrel is far below the $147 a barrel-high seen in the summer of 2008, the last time petrol prices neared £1.20 a litre.
The markets are saying that the main reason for some of the rise is the weakening of the pound against the dollar. Caused by Browns miss management of the economy. The rest is down to greedy oil companies who are literally mugging the British tax payer.
VOTE BNP AND STOP THIS LEGALISED ROBBERY
***UPDATE***
No sooner had I posted this to my blog and gone back to the news media that I found THIS story.
Anglo-Dutch oil giant Royal Dutch Shell has said it will shed a further 1,000 jobs by the end of next year as part of its continuing cost cutting programme.
The company gave no details about where the jobs would be cut.
Obviously they need to save money, not making the billions a year quick enough...
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