Petrol companies making profits

Oil prices dropped have dropped about USD 45 a barrel but petrol prices in the UK are still high and expected to rise. 

In the current climate how comes a Swiss owned refinery in Essex UK has closed down as it's gone bankrupt.

Because of this closure we have warnings that petrol in the UK can go up 10p a litre.

Now this just doesn't make sense, for the whole of the UK! There are other refineries and one that is just about 5 miles down the road.

I think there is some skulduggery going on there. this is profiteering.

The government refuses to cut tax or even stop a rise in August. This will be counter productive and you can see cars being used less, so the govt will in fact lose revenue.

The govt is threatening extra taxes on the oil companies but lets see the facts;

1. The govt wont drop taxes

2. The govt will keep the rise in tax on profits for itself

3. there is no benefit to the motorist

4. It won't drop road tax

So in the end, it seems it's just a way for the government to raise more revenue and they don't care about the families.

The last time petrol was this price on the markets the cost of a litre of petrol was about Stg 0.90.

So why is it 50% higher?