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Indeed, here's a breifing paper for the UK House of Commons that discusses the price relationships: http://www.parliament.uk/briefing-papers/SN04712.pdf http:/
by dingaling 11y ago
Indeed, here's a breifing paper for the UK House of Commons that discusses the price relationships:
http://www.parliament.uk/briefing-papers/SN04712.pdf http://www.parliament.uk/briefing-papers/SN04712.pdf
Basically demand is the driver of prices, with diesel engines becoming more popular year-on-year but the refineries unable / unwilling to commit more production to diesel because that leaves them with a surplus of less-desirable products from the refining process, too.
The result is that the UK imports diesel and exports petrol.