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Post by superjw on Jun 9, 2022 8:01:50 GMT
Where do you think this will end up? Seems nothing will stop them right now.
When I was in Greece in May, petrol there was hovering around €2.50 a litre which is about £2.10 or so for us.
What I do find strange is how the public (on the surface at least) seem to be so subserviently accepting this fate. A far cry from the early 2000's
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Post by steve66 on Jun 9, 2022 8:10:51 GMT
The petrol companies taking the piss, how are they justified to put prices up daily for fuel that’s possibly been in situ for 2/3 or 4 weeks?
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Post by werrington on Jun 9, 2022 8:45:48 GMT
The petrol companies taking the piss, how are they justified to put prices up daily for fuel that’s possibly been in situ for 2/3 or 4 weeks? Is it really the petrol companies
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Post by milton58 on Jun 9, 2022 8:52:26 GMT
We've got to pay for the cost of covid someway that's how the government are clawing back the money
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Post by superjw on Jun 9, 2022 9:06:59 GMT
The petrol companies taking the piss, how are they justified to put prices up daily for fuel that’s possibly been in situ for 2/3 or 4 weeks? Is it really the petrol companies Thats staggering and shows just how much we are taxed on the fuel. It's obvious the government will not reduce duty and vat on fuel, I would think they are determined more than ever to earn from it given the increasing percentage of EV cars and vans who aren't paying the duty at the pumps anymore. They will want their cash either way...
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Post by superjw on Jun 9, 2022 9:10:40 GMT
The petrol companies taking the piss, how are they justified to put prices up daily for fuel that’s possibly been in situ for 2/3 or 4 weeks? Against the cost of Brent crude, fuel prices right now are disproportionate, so yes I agree fuel companies are very much part of the blame. I think the last crisis where oil was about the same was around 2013. Petrol and diesel sat at around £1.40 and £1.50 respectively.
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Post by partickpotter on Jun 9, 2022 9:42:12 GMT
There are two taxes on fuel - duty and VAT. The former is currently £0.5295 per litre, the latter is 20%. (Btw vat applies to the duty, so we are being taxed on a tax!).
This means, that if the pump price is £2 per litre the tax is £0.86 per litre or £43 or so to fill a full tank of petrol (assuming 50 litres).
By way of contrast, the tax take if the price is £1.50 per litre is £0.78 or £39 for a full tank.
These high prices are a nice little earner for the exchequer.
And, of course, this is something they could do something about.
I’ve done a quick calculation that says, reducing VAT to 15% would mean the tax take at current prices would be near enough the same as having VAT at 20% for a pump price of £1.50 per litre.
That’s a quick fix!
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Post by superjw on Jun 9, 2022 9:58:46 GMT
There are two taxes on fuel - duty and VAT. The former is currently £0.5295 per litre, the latter is 20%. (Btw vat applies to the duty, so we are being taxed on a tax!). This means, that if the pump price is £2 per litre the tax is £0.86 per litre or £43 or so to fill a full tank of petrol (assuming 50 litres). By way of contrast, the tax take if the price is £1.50 per litre is £0.78 or £39 for a full tank. These high prices are a nice little earner for the exchequer. And, of course, this is something they could do something about. I’ve done a quick calculation that says, reducing VAT to 15% would mean the tax take at current prices would be near enough the same as having VAT at 20% for a pump price of £1.50 per litre. That’s a quick fix! That would actually be a very good and easy quick fix. As you say though we have a tax on a tax, VAT shouldn't be on fuel full stop.
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Post by theonlooker on Jun 9, 2022 10:19:00 GMT
If you think it's bad now, wait until the EV sham properly kicks in. By that time, we'd have been completely re programmed, shamed and guilt tripped into buying one....with energy prices at an all time high and a proper pay per mile tax scheme introduced and bedded in.
But of course, it's all about the environment...
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Post by superjw on Jun 9, 2022 10:29:07 GMT
If you think it's bad now, wait until the EV sham properly kicks in. By that time, we'd have been completely re programmed, shamed and guilt tripped into buying one....with energy prices at an all time high and a proper pay per mile tax scheme introduced and bedded in. But of course, it's all about the environment... I do agree about EV's, there has to be some kind of pay per mile type scheme to claw the massive amounts of duty and vehicle tax. To be fair, given the current prices of electricity and paying for charging stations I think owning an EV isn't as cheap as combustion vehicles anymore for equivalent mileage?
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Post by noustie on Jun 9, 2022 10:34:25 GMT
Petrol is always interesting in Nepal because they have a bat shit mental situation where India sell it to them for less than it costs then when they look to call the debt in Nepal threaten to go to China whereby chunks are waived to retain equilibrium. Obviously disposable income barely exists over there for many and any increase is usually met with protests but it appears India are willing to waive less and less as their own oil company is absolutely skint now too. From the figures in there though Nepal are selling diesel at £1 a litre but would need to be paying £1.20 to break even. www.aninews.in/news/world/asia/nepal-student-unions-protest-against-hike-in-fuel-price20220525231950/Another interesting part of that is they’re buying aviation fuel cheaper than diesel so don’t know if that is down to supply or demand or if it is cheaper to refine aviation fuel but found that surprising. In fairness to them 15p increase in a year is a lot for them and they’re culturally up for scrapping with authority to get a resolution they can accept whereas we’ve just succumbed to our price rises cancelling Netflix and Peloton subscriptions where necessary.
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Post by superjw on Jun 9, 2022 10:39:19 GMT
Petrol is always interesting in Nepal because they have a bat shit mental situation where India sell it to them for less than it costs then when they look to call the debt in Nepal threaten to go to China whereby chunks are waived to retain equilibrium. Obviously disposable income barely exists over there for many and any increase is usually met with protests but it appears India are willing to waive less and less as their own oil company is absolutely skint now too. From the figures in there though Nepal are selling diesel at £1 a litre but would need to be paying £1.20 to break even. www.aninews.in/news/world/asia/nepal-student-unions-protest-against-hike-in-fuel-price20220525231950/Another interesting part of that is they’re buying aviation fuel cheaper than diesel so don’t know if that is down to supply or demand or if it is cheaper to refine aviation fuel but found that surprising. In fairness to them 15p increase in a year is a lot for them and they’re culturally up for scrapping with authority to get a resolution they can accept whereas we’ve just succumbed to our price rises cancelling Netflix and Peloton subscriptions where necessary. It does feel strange how this, along with all of the other price rises, have been swallowed with relative ease by the majority. Seems to me that we were forced into accepting almost anything during Covid, we clearly can't see the wood for the trees now
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Post by marylandstoke on Jun 9, 2022 15:00:53 GMT
Maryland actually had a ‘tax holiday’ at one point near the start of this. Lasted about a month and then fell off.
Whilst everyone agrees it would be a good idea to continue, the Governor blamed the Comptroller and the Comptroller blamed the Governor for its lapse.
Gas was $4:80 on my way to PT today.
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Post by Seymour Beaver on Jun 9, 2022 15:51:11 GMT
The petrol companies taking the piss, how are they justified to put prices up daily for fuel that’s possibly been in situ for 2/3 or 4 weeks? Against the cost of Brent crude, fuel prices right now are disproportionate, so yes I agree fuel companies are very much part of the blame. I think the last crisis where oil was about the same was around 2013. Petrol and diesel sat at around £1.40 and £1.50 respectively. The highest ever Crude Price was $147 in July 2008 - and you are right - diesel prices in tbe UK were nowhere near £2.00. However at the time the pound was worth almost $2 - not the $1.20 it is now. Not saying there's no excess profits being made - but £/$ is the other variable to be taken into account and right now it's the weakness of Sterling contributing as much if not more to higher prices at the pump.
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Post by superjw on Jun 9, 2022 18:48:57 GMT
Maryland actually had a ‘tax holiday’ at one point near the start of this. Lasted about a month and then fell off. Whilst everyone agrees it would be a good idea to continue, the Governor blamed the Comptroller and the Comptroller blamed the Governor for its lapse. Gas was $4:80 on my way to PT today. I assume that's 4.80 for a US gallon? If my maths is correct, that's just over £1 per litre! If I reverse the situation, our prices right now would be nearly $9.30 a gallon, it's crazy!
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Post by mtrstudent on Jun 9, 2022 19:07:58 GMT
If you think it's bad now, wait until the EV sham properly kicks in. By that time, we'd have been completely re programmed, shamed and guilt tripped into buying one....with energy prices at an all time high and a proper pay per mile tax scheme introduced and bedded in. But of course, it's all about the environment... I do agree about EV's, there has to be some kind of pay per mile type scheme to claw the massive amounts of duty and vehicle tax. To be fair, given the current prices of electricity and paying for charging stations I think owning an EV isn't as cheap as combustion vehicles anymore for equivalent mileage? A mate at work says he gets about 3 miles per kWh. So if your leccy is 28p/unit then it's about 9p/mile right now. 50 mpg petrol = 16p/mile.
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Post by marylandstoke on Jun 10, 2022 10:34:21 GMT
Maryland actually had a ‘tax holiday’ at one point near the start of this. Lasted about a month and then fell off. Whilst everyone agrees it would be a good idea to continue, the Governor blamed the Comptroller and the Comptroller blamed the Governor for its lapse. Gas was $4:80 on my way to PT today. I assume that's 4.80 for a US gallon? If my maths is correct, that's just over £1 per litre! If I reverse the situation, our prices right now would be nearly $9.30 a gallon, it's crazy! US gallon is a little smaller it’s worth noting lol.
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Post by superjw on Jun 10, 2022 10:38:53 GMT
I do agree about EV's, there has to be some kind of pay per mile type scheme to claw the massive amounts of duty and vehicle tax. To be fair, given the current prices of electricity and paying for charging stations I think owning an EV isn't as cheap as combustion vehicles anymore for equivalent mileage? A mate at work says he gets about 3 miles per kWh. So if your leccy is 28p/unit then it's about 9p/mile right now. 50 mpg petrol = 16p/mile. It's an interesting one this, because charging outside of your home can cost quite a lot more. Also, most rapid chargers for the home require an initial investment of about £700/900 if people don't want to wait as long with a standard plug version. For example Shell chargers in the UK cost between £0.55 and £0.59kwh (which will no doubt go up in October as energy prices change) So using them chargers then puts you in line with (maybe even more) than petrol and diesel - lots of variables I know with different charging providers and rates. Personally, we will get to a point where driving costs equal themselves out in the end. It will be overall no cheaper to own and run an electric vehicle than a traditional car. My guess is it becomes more expensive in the UK
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Post by westlandstokie on Jun 10, 2022 10:58:03 GMT
Petrol is always interesting in Nepal because they have a bat shit mental situation where India sell it to them for less than it costs then when they look to call the debt in Nepal threaten to go to China whereby chunks are waived to retain equilibrium. Obviously disposable income barely exists over there for many and any increase is usually met with protests but it appears India are willing to waive less and less as their own oil company is absolutely skint now too. From the figures in there though Nepal are selling diesel at £1 a litre but would need to be paying £1.20 to break even. www.aninews.in/news/world/asia/nepal-student-unions-protest-against-hike-in-fuel-price20220525231950/Another interesting part of that is they’re buying aviation fuel cheaper than diesel so don’t know if that is down to supply or demand or if it is cheaper to refine aviation fuel but found that surprising. In fairness to them 15p increase in a year is a lot for them and they’re culturally up for scrapping with authority to get a resolution they can accept whereas we’ve just succumbed to our price rises cancelling Netflix and Peloton subscriptions where necessary. It does feel strange how this, along with all of the other price rises, have been swallowed with relative ease by the majority. Seems to me that we were forced into accepting almost anything during Covid, we clearly can't see the wood for the trees now Approximately 52% of the price of a litre of fuel is duty and vat…that’s why is so expensive. This Government will continue screwing us for as long as they possibly can whilst at the same time lining their pockets. You are correct about the apathy after Covid…people seem willing to take any old shit now and ask for more…it’s disgusting. What we need is a day a week of national strikes and walkouts to hammer home to Johnson and his cronies that we have had enough…and I mean millions walking out from every industry to bring the country to a standstill…very harsh I know but it’s all we have…will it happen ? Highly unlikely but it’s the only power we,the people have, our numbers. Failing that just sit back and continue taking all the Government shit.
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Post by questionable on Jun 10, 2022 11:14:44 GMT
The petrol companies taking the piss, how are they justified to put prices up daily for fuel that’s possibly been in situ for 2/3 or 4 weeks? Few weeks ago the two local Morrison’s were 8 pence different in prices, hows that right.
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Post by terryconroysmagic on Jun 10, 2022 12:11:34 GMT
The petrol companies taking the piss, how are they justified to put prices up daily for fuel that’s possibly been in situ for 2/3 or 4 weeks? Few weeks ago the two local Morrison’s were 8 pence different in prices, hows that right. One selling older (cheaper priced) petrol stock? One being a greedy fucker?
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Post by questionable on Jun 10, 2022 12:34:20 GMT
I recall a conversation with a person I work with around April 20 and they turned out to be absolutely bang on in their predictions in that everything will increase immensely in price to pay for Covid.
I’m sick to friggin death of working and paying for the Goverments, mismanagement, lies, corruption or whatever you want to call it take your pick.
Why are we being taxed to death to pay for their mistakes, oh and our futures look as bleak as hell as pensions have been hammered.
Soon there will be no such thing as a middle class term.
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Post by maninasuitcase on Jun 10, 2022 13:06:02 GMT
Soylent Green on the horizon.
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Post by Northy on Jun 10, 2022 13:08:39 GMT
Hopefully bought my last lot yesterday to get me home today, new electric car arrives on Monday
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Post by superjw on Jun 10, 2022 14:57:29 GMT
I recall a conversation with a person I work with around April 20 and they turned out to be absolutely bang on in their predictions in that everything will increase immensely in price to pay for Covid. I’m sick to friggin death of working and paying for the Goverments, mismanagement, lies, corruption or whatever you want to call it take your pick. Why are we being taxed to death to pay for their mistakes, oh and our futures look as bleak as hell as pensions have been hammered. Soon there will be no such thing as a middle class term. Imagine if the kind of money spent on test and trace could be used against this crisis. Whilst the government say there is little they are able to do, they still pissed billions on an app...
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Post by superjw on Jun 10, 2022 14:59:16 GMT
Hopefully bought my last lot yesterday to get me home today, new electric car arrives on Monday What have you gone for? I have a Toyota Hybrid now, when that comes up I will probably opt for a plug in hybrid for best of both. Full EV is still out of my price bracket unfortunately
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Post by yeokel on Jun 10, 2022 15:11:47 GMT
Hopefully bought my last lot yesterday to get me home today, new electric car arrives on Monday What have you gone for? I have a Toyota Hybrid now, when that comes up I will probably opt for a plug in hybrid for best of both. Full EV is still out of my price bracket unfortunately I've got a Mitsubishi Outlander PHEV (Plug-in Hybrid) which I've had since 'nearly-new' about four years ago. I love it to bits and if/when time comes to change will choose a similar vehicle. I get roughly 28 miles from a charge and most of my regular, daily journeys (work, shopping, pub, etc) are will within range for there and back on a full charge. As you say, plug-in offers me the best of both worlds at the moment.
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Post by superjw on Jun 10, 2022 15:29:06 GMT
What have you gone for? I have a Toyota Hybrid now, when that comes up I will probably opt for a plug in hybrid for best of both. Full EV is still out of my price bracket unfortunately I've got a Mitsubishi Outlander PHEV (Plug-in Hybrid) which I've had since 'nearly-new' about four years ago. I love it to bits and if/when time comes to change will choose a similar vehicle. I get roughly 28 miles from a charge and most of my regular, daily journeys (work, shopping, pub, etc) are will within range for there and back on a full charge. As you say, plug-in offers me the best of both worlds at the moment. I've seen the new Toyota Rav 4 plug in which caught my eye. I think it has about 40 odd mile range in battery alone up to 50 mph which is fairly decent. Unfortunately we can't commit to a full EV right now as my wife drives too much for work and we need the security of a far longer range in batteries. She has a colleague who has one and has been almost stuck a few times in the winter!
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Post by Northy on Jun 10, 2022 16:10:35 GMT
Hopefully bought my last lot yesterday to get me home today, new electric car arrives on Monday What have you gone for? I have a Toyota Hybrid now, when that comes up I will probably opt for a plug in hybrid for best of both. Full EV is still out of my price bracket unfortunately I've got the Toyota Hybrid CHR at the moment, and gone for the Hyundai Kona with optional heat pump (uses system heat to heat the cab therefore not using the battery) supposed 300 mile range
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Post by questionable on Jun 10, 2022 16:15:35 GMT
Hopefully bought my last lot yesterday to get me home today, new electric car arrives on Monday Check the spec mate especially if it’s an Audi as they’re “conveniently” cutting back on the conductors, I’d assumed I’d get internal ambient door lights and the indicators that scroll across, I was wrong ofc.
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