Mud-club
Chat & Social => The Bar - General Chat => Topic started by: 4 landies on December 05, 2008, 16:24:30
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Just read on a news site that oil has hit an all time low for the last 4 years.
In July a barrel of crude was $147 and now it is $41.
going off these figures deisel should now be available at the pumps for a little under 40 pence a litre.
So who do we blame the oil companies or the government or both and how do we start a nationwide protest at being ripped off. ( they think reducing VAT by 2.5% will keep us happy)
The VAT reduction will save me an average of a maximum £10 a week.
Reducing fuel in line with oil prices would save me £30 a week.
RANT OVER
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ybut the fuel in the lines was made with the oil that cost £140 it SHOULD go down soon. really wouldnt surprise me if it diddnt becasue we all know how many money grabbing parasites there are out there :roll:
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Good point but when oil goes up the fuel follows instantly when produced with cheaper oil, They must think we are all stupid
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becasue we all know how many money grabbing parasites there are out there :roll:
Oh do we not, our local shops prices are the same as they were a few weeks ago, so I asked the manger how she was still charging 17.5% VAT, she said they werent, they were charging 15%, but with the price redction in VAT, they put the NET price up to conpensate so they didnt have to change all the labels!!!!
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Don't quote me but didn't the lovely goverment increase the fuel duty to compensate for the vat reduction i know that not much of the press said this but some did... I think. :)
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Don't quote me but didn't the lovely goverment increase the fuel duty to compensate for the vat reduction i know that not much of the press said this but some did... I think. :)
yes they did :evil:
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and AFAIK retail premises doesn't actually Have to reduce their prices due to the change in VAT. And yes fuel duty went up as VAT came down, so all the Fuel stations in the country didn't change their prices... but.. Now those who claim their vat back on fuel for business use will now be claiming less and so the Government is now pocketing the Difference.
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I agree with you on everything, but:
going off these figures deisel should now be available at the pumps for a little under 40 pence a litre.
...duty on diesel is (at least) 57ppl, so even if diesel was free, you'd still have to pay the government 57p!
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Part of the reason is that although the price of oil has dropped, so has the dollar, and as all oil transactions are done in dollars this impacts on the prices at the pump! Not fair I know but reality I'm afraid :roll:
Having said that, due to the dropped price the price at the pump should be a lot cheaper especialy diesel!! Its on average 15p a litre more expensive than petrol which is taking the Pee!! Diesel is effectively a by product of petrol distillation! (they used to throw it away!!)
The other thing within that VAT reduction that you reckon will save you £10 a week, have you taken into account the INCREASE in National insurance, fuel duty, alchohol duty?? The National insurance alone will cost the average wage an extra £100 a year!!
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One thing that most of you don't realise is that Gordon Brown sneaked in an 'Environment Tax on Fossil Fuel' (Nov last year if I remember correctly).
The fuel companies pay this, but add it on to what you pay. So you pay the fuel price + enviromenet tax + fuel duty + VAT.