Tuesday, April 29, 2008

Fuelling our anger?

According to Ray Holloway, Director of the Petrol. Retailers Association, the OPEC nations fully expect to achieve $200 a barrel for crude oil.

This in turn will push up the price on the forecourts, which has already risen out of all proportions.

However, when faced with the accusation that Shell and BP have made record profits of around £3,000,000,000 and £4,000,000,000 in one quarter alone, his response was interesting.

He said that the higher price of oil gave the Government an unexpected windfall of around £4,000,000,000 in the last financial year. Yet they chose not to give any of this to the motorist by way of reduced tax.

Actually, doesn't he have a point?

No comments: