Diesel Prices

[Marco_mark]

Considering current oil prices I was wondering if red diesel is going to get cheaper ?? No changes in London so far, still 90p/l

 

Did anyone observe any price changes elsewhere ?

[Guest]

Considering current oil prices I was wondering if red diesel is going to get cheaper ?? No changes in London so far, still 90p/l

 

Did anyone observe any price changes elsewhere ?

My guess would be that because of slower turnover of red it will take some time for prices to fall than at a roadside retailers selling white. Some will still be selling stuff they bought at a much higher price don't forget so will need to recoup what they actually paid.

 

In contrast road side retailers and supermarkets can react to the market much quicker.

 

There are some prices of red referred to in a thread I started a few days ago.

 

http://www.canalworld.net/forums/index.php?showtopic=72945&hl=

Edited January 14, 2015 by The Dog House

[ditchcrawler]

It was 70p on 100 lt. at Stoke last week and 75p at Rugeley

[peterboat]

I checked with our supplier the other day and it was 64 p per litre including VAT I am still going to wait a bit longer before ordering

 

Peter

[b0atman]

listening to the radio today with fuel prices dropping then prices for lots of items will drop .

The danger is if people do not buy but wait for prices to drop lower then we can go into deflation as happened in Japan .

[Alan de Enfield]

I checked with our supplier the other day and it was 64 p per litre including VAT I am still going to wait a bit longer before ordering

 

Peter

 

Last lot (1000 litres) I bought end of November was 48.5p + VAT

I'd have thought it should now be considerably less

[ditchcrawler]

I checked with our supplier the other day and it was 64 p per litre including VAT I am still going to wait a bit longer before ordering

 

Peter

Suggest you ring around then as I paid that much in November down at Hawne Basin

[nbfiresprite]

The local garage in Station Road had a delivery last week of Red, Price still at a £1 per litre. White is only 9p more.

[ditchcrawler]

The local garage in Station Road had a delivery last week of Red, Price still at a £1 per litre. White is only 9p more.

They are doing alright on that then.

[Marco_mark]

Last lot (1000 litres) I bought end of November was 48.5p + VAT

I'd have thought it should now be considerably less

48.5p ! Wow ! Where was that ??

[Alan de Enfield]

Marco_mark, on 15 Jan 2015 - 1:17 PM, said:

48.5p ! Wow ! Where was that ??

 

Lincoln - Direct from the Road Tanker

Edited January 15, 2015 by Alan de Enfield

[ditchcrawler]

 

Lincoln - Direct from the Road Tanker

And it was 1000 lt +VAT about the right price I would say

[Alan de Enfield]

ditchcrawler, on 15 Jan 2015 - 1:57 PM, said:

And it was 1000 lt +VAT about the right price I would say

 

And - as the delivery was less than 2300 litres the VAT was only 5% (deliveries of 2301 litres and above the VAT rate is 20%), so the gross price was 50.93p per litre

 

Edit to add the answers before the question is asked :

 

VAT Notice 701/19 : Fuel & Power

6.1.1 Supplies of small - de minimis - quantities

Although supplies of fuel oil, gas oil or kerosene for a qualifying use are subject to the reduced rate, all supplies of not more than 2,300 litres of fuel oil, gas oil or kerosene are subject to the reduced rate regardless of use.

Edited January 15, 2015 by Alan de Enfield

[blackrose]

listening to the radio today with fuel prices dropping then prices for lots of items will drop .

The danger is if people do not buy but wait for prices to drop lower then we can go into deflation as happened in Japan .

 

Given some of the posts on this thread that looks like it's happening already!

[Alan de Enfield]

listening to the radio today with fuel prices dropping then prices for lots of items will drop .

The danger is if people do not buy but wait for prices to drop lower then we can go into deflation as happened in Japan .

 

 

With the Swiss central bank announcing interest rates at -0.75% (minus 0.75%) that means you have to pay the bank to hold your money.

 

Inflation / Deflation - anything can happen

[Guest]

 

 

With the Swiss central bank announcing interest rates at -0.75% (minus 0.75%) that means you have to pay the bank to hold your money.

 

Inflation / Deflation - anything can happen

A possibility.

[Alan Saunders]

I do not understand economics. The financial institutions do not want my savings but they are happy to charge mortgages at minimal rates (<5%) to existing borrowers. Surely, what is needed is a mechanism that encourages the investment of the many small savers to release that money to those attempting to get on the housing ladder at a sensible rate?

 

The longer this situation persists, the richer the fat cats and the poorer the young and old. Eventually, 10% of the population will have 90% of the wealth and most of us will be reduced to the serfdom of the middle ages. Expensive TV advertising suggests that many who cannot afford the repayments are taking loans at more than two thousand percent APR.

 

This is worse than the crises of the 20s and 30s and more worrying than the Cold War period. Previous UK governments created social housing outside their area; e.g. the LCC with the Norbury and New Addiscombe estates. Today our fat-cat MPs would rather feather their own nest than attempt to provide adequate living conditions for the majority.

 

Alan

Edited January 15, 2015 by Alan Saunders

[Wanderer Vagabond]

I do not understand economics. The financial institutions do not want my savings but they are happy to charge mortgages at minimal rates (<5%) to existing borrowers. Surely, what is needed is a mechanism that encourages the investment of the many small savers to release that money to those attempting to get on the housing ladder at a sensible rate?

 

The longer this situation persists, the richer the fat cats and the poorer the young and old. Eventually, 10% of the population will have 90% of the wealth and most of us will be reduced to the serfdom of the middle ages.

 

This is worse than the crises of the 20s and 30s and more worrying than the Cold War period. Previous UK governments created social housing outside their area; e.g. the LCC with the Norbury and New Addiscombe estates. Today our fat-cat MPs would rather feather their own nest than attempt to provide adequate living conditions for the majority.

 

Alan

The problem is that that the financial institutions don't need your money when the Gidiot is handing them taxpayers money with his help my mates help to buy schemes which just push up the prices of housing. People seem to think that this financially illiterate Chancellor knows what he is doing . Not saying that any of the others are any better, but none of them are actually any worse either.

[Guest]

I do not understand economics. The financial institutions do not want my savings but they are happy to charge mortgages at minimal rates (<5%) to existing borrowers. Surely, what is needed is a mechanism that encourages the investment of the many small savers to release that money to those attempting to get on the housing ladder at a sensible rate?

 

The longer this situation persists, the richer the fat cats and the poorer the young and old. Eventually, 10% of the population will have 90% of the wealth and most of us will be reduced to the serfdom of the middle ages. Expensive TV advertising suggests that many who cannot afford the repayments are taking loans at more than two thousand percent APR.

 

This is worse than the crises of the 20s and 30s and more worrying than the Cold War period. Previous UK governments created social housing outside their area; e.g. the LCC with the Norbury and New Addiscombe estates. Today our fat-cat MPs would rather feather their own nest than attempt to provide adequate living conditions for the majority.

 

Alan

Yup glad somebody agrees with me.

I would recommend reading "Harry's Last Stand," By Harry Leslie Smith, a 92 year young author. Superb read.

[Tisinca]

Hillmorton wharf today was 76 pence a litre, but it has none in stock and is waiting for a delivery ..

[David Mack]

Domestic heating oil price has plummeted.

 

Price chart at http://www.boilerjuice.com/heating-oil-prices-england/

[andyberg]

56p per litre at St Mary's Rufford yesterday!

[Roger Crown]

Turners at Wheaton Aston, diesel was 63.9p on Wednesday, the fuel Rep. was in the office at the time.

Apparently from next Monday it is going up 1.5p

[ditchcrawler]

Turners at Wheaton Aston, diesel was 63.9p on Wednesday, the fuel Rep. was in the office at the time.

Apparently from next Monday it is going up 1.5p

He knows something the government doesn't then about oil prices, or maybe he is just trying to shift the stock he has at the moment in case it drops more and he loses money.

[Roger Crown]

He knows something the government doesn't then about oil prices, or maybe he is just trying to shift the stock he has at the moment in case it drops more and he loses money.

They were ordering a delivery for Friday at the pre increase price, deliveries after that will be at the new price.

Selling 7000 to 8000 litres a week in the winter I don't think they worry too much about having the price their stock drop.

 

I have no connection with them other than as a customer, just what they told me.

Edited January 17, 2015 by Roger Crown