18-12-14, 12:02 AM
Quote:There is no doubt that it gos up instantly but slowly comes down but never as down as it should so when it gos up again its already starting from a higher point.
Indeed, but that's cos some of the tax is by % and some of it is flat rate. So yeah the last time it was 60 dollars a barrel petrol might well have been something like 70p a litre.
Papers are saying we should see a 99p litre soon though as the cheap stuff comes through.