The same companies using the "supply and demand" argument to justify higher diesel prices in the UK fail to apply the same criteria when trading anywhere else in the world where diesel is almost universally cheaper than unleaded fuels.
Again not entirely accurate. The government have proposed (and budgeted for) increases but have subsequently suspended them in the propaganda war to purchase votes :lolol:
Not entirely true although oil companies' propaganda in this respect has been impressively successful. There is still a significant profit for retailers and -to state the obvious- if they reduce the price at the pump they will pay less tax.
The simple fact is they have increased net profit...