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2011-03-31 08:58:55 Very little change in the market. Oil prices steady but high and until there's a resolution of Libiya and market is sure other gulf states won't kick off, prices will remain close to these levels with average for petrol at 1.53 and diesel dropping a little due to seasonal factors to 1.43
My guess is there's also a little cross subsidisation on prices as refinery+duty prices suggest that there should be approx 11c incl vat difference between petrol & diesel however at the pumps its less than 4c in most cases, but petrol is 3 / 4 c below best estimates and diesel is 3 / 4 c above. With a near 50/50 split in the use of each fuel, it evens out the price.
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