Belfast Telegraph

Wednesday 16 April 2014

Oil companies are at it again

I'm curious as to whether readers have noticed that the cost of petrol and diesel has reached almost the same level as it did in August 2008.

If present trends continue, the highest-ever price - £1.19 per litre - will be surpassed.

One difference between the situation of last year and now, is that 12 months ago the cost rose in large amounts while now it has been creeping upwards by 1p per litre since this time last year.

The cost of oil has not reached a level commensurate with the current costs being charged. I suspect that the real reason is not unrelated to the fact that, despite the current economic difficulties, oil companies are again making immense profits.

Perhaps the Belfast Telegraph could mount a campaign on this issue.

PAUL

Belfast

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