Wednesday 21 April 2010

Petrol Prices

After major complaints, which lead to a drop in fuel prices last year, prices have jumped sharply in 2010 with weekly increases for the entire month of March recorded on Diesel and over the past weeks for Petrol. Currently, filling a 50-litre tank of a diesel engine car will cost about 20 per cent more than last year, about 53.60 euros for the privilege, almost nine euros more than in the Easter holidays last year.
It’s the same situation for petrol. For a few weeks last year, for the first time ever in Spain, petrol was actually cheaper than diesel! That didn’t last too long and today that 50-litre tank will cost around 59.20 euros; about eleven euros more. According to data collected by the Ministry of Industry and Energy, expect to pay an average of 1.05 euros for diesel and 1.16 for gasoline, although by the time you read this, it’s probably risen further.
And over in the UK the AA has reported that Petrol was selling at 110p a litre on 4th January but is now 111.25 while Diesel sells for just above 113p, a rise for Petrol of 25p and 14.5p for diesel over the last 12-months. The UK now has the twelfth highest unleaded price in Europe and the second highest diesel price. With today’s exchange rate, Spain can’t be too far behind.
According to www.whatprice.co.uk, from what you pay at the pump, over 60 per cent of that goes directly into the government’s pocket, so when you next complain about the profits that the oil industry are making, remember who really is raking in the euros and pounds and euros, no matter how much they might preach about going green. If we all went green, from where would the government then find their tax revenue? That’s a quandary that they still have to answer to. In the meantime, you’ll just have to dig deeper if you are travelling by car.

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