Price of Petrol

Heroditas

helimachoptor wrote: »

I just cant see how they are getting these prices -> I mean when oil was $150 a barrel petrol was €1.50 or so a litre. Oil is say $70 no yet even when taking out the government tax your still talking €1:10+ for petrol.

Excise on petrol is at least 70c, if not more per litre.

steph1

I saw two different prices in garages in Ballina in Mayo yesterday. One was 118.9and the other was 120.9 for petrol and I think the diesel was around the 102.9 mark. It is slowly creeping up in price.

Heisenberg1

petrol 1.20/diesal 1.09 texaco blackrock

westtip

Carawaystick wrote: »

petrol and diesel were £1.01 in Co. Down last week. Petrol's almost cheaper there than in Dublin...

when the scale tips in the norths favour the shopping exodus will become even bigger - thei goernment just don't gettit do they???

Jim Martin

westtip wrote: »

when the scale tips in the norths favour the shopping exodus will become even bigger - thei goernment just don't gettit do they???

By my reckoning, it is already cheaper in the North - the exchange rate currently being €1.17 to the £1!

ardmacha

when the scale tips in the norths favour the shopping exodus will become even bigger

Why should the scale tip in favour of the North? Especially as there will be an extra 2p of tax in the UK in September.

D'Peoples Voice

Looks like we can expect the price of petrol to rise ( relative to diesel)

http://www.platts.com/weblog/oilblog/2009/07/15/car_scrappage.html

Efforts by European governments to halt the slide in new car sales this year are having one very unexpected side-effect which could spell trouble for refiners -- they have knocked diesel-engined vehicles off the top spot.
According to the European Automobile Manufacturers' Association, ACEA, diesel comprised around 53% of all new car sales in 2007 and 2008, before the scrappage schemes were introduced.

For the first five months of this year, diesel sales fell to 46.3% of the total, apparently marking a reversal in the 20-year 'dieselization' of Europe.
Within Europe, and further afield, this has spawned massive investment programs as refinery kit designed to meet gasoline demand is re-aligned, augmented and upgraded to produce ever greater volumes of diesel.

Much of this spending is still ongoing, designed to cope with Europe's apparently unquenchable thirst for diesel. The companies making this investment might be getting nervous at the apparent resurgence of gasoline.

Still, on a positive note, it could be good news for those loyal, conscientious, ecologically-aware and efficient drivers who stick with their diesel cars.

ardmacha

Looks like we can expect the price of petrol to rise ( relative to diesel)

Not really, the cars scrapped probably had an even higher proportion of petrol models as they reflect sales 12, 15 or 20 years ago, so the proportion of diesels has still gone up. Also the new models are probably more efficient, reducing consumption.

sonyair

top station(only) petrol in clarina, limerick has gone from €1.10 to €1.14 in a week but there is value in it and it will be back at €1.10 again........topaz never seems to lower their prices always at the same price