Page 3 - Retail Margin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The watchdog of the Lowveld

-- $13 —— $13 before the pandemic, we're now up to $85. fuel is traded down after the exchange rate is weaker thanit after the exchange rate is weaker than it was in 2012, and oil is actually far lower than 2012. the exchange rate makes a difference. then we have got the switch to e ten petrol, 5% more for petrol now. ethanol is really expensive on the whole. that is adding 9p a litre to the price we are paying at the pump, and then you have a duty at 58 billion and you've got retail margin, and the retailer have been taking more margin, they are taking around 9p a litre, and then obviousl...

Consequences. petrol prices in the uk have reached a record level, beating the previous high in 2012. simon williams from the rac said it's mainly due to rising oil prices. the exchange rate is weaker than it was in 2012, and actually oil is far lower than 2012. the exchange rate makes a difference. then we have got the switch to e ten petrol. 5% more for petrol now is ethanol, and ethanol is really expensive on the wholesale market. over 1000 euros a tonne. that is adding 9p a litre to the price we are paying at the pump. and then you have the duty at 58p, and the retail margin. retailers are...

There is a position that says more taxes aren’t necessarily a bad thing, as these are ploughed back into the infrastructure spending of a developmental state, which improves the economy. That’s true if it happens that way. Sadly, ours is often wasted through gross inefficiencies in leaky procurement processes that pay three times the price for infrastructure that we don’t often need, while a whole lot is lost to corruption. The result is overspending and less delivery which stimulates the angry taxman to seek more revenue, often through a short-term mindset, by increasing taxes or borro...