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Judging by the way oil prices have risen in the last few weeks anmd America having low stocks I think we can expect rather a steep hike in fuel prices, I would think 10p a litre by Easter.
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Gordon Brown thought he would sneak it through by delaying it 'til now, and certainly stopped the row at the time of the budget. Last year oil prices fell at this time so would 'bury' it- not this year though.
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Just had this e-mail from petrolprices.com
Having presided over the first bank run in the UK since 1866, Alistair Darling is now about to add an extra 2.35p tax to every litre of fuel sold in the UK. This tax hike comes into force at the start of next week, just as oil prices are at record highs and every motorist is already being punished.
At PetrolPrices.com we want to help get motorists' voices heard and so we have prepared a vote. If you have an opinion about tax on fuel please vote and pass this email round to anyone you know who might want to vote as well.
If they are not saving money already like you by using PetrolPrices.com please let them know about our site too.
Here is my blog post and vote page:
www.petrolprices.com/blog/we-cant-take-another-p-n...l
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Imo there is a 50% chance of a war with Iran (US been fighting Iran since they deposed one ruler and installed the Shah..hostage crisis, supporting S Hussein in invasion of Iran etc)
If so $120 per barrel and £1.20 per litre and world recession.
madf
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They had better not increase fuel again, when that fat scottish bloke who's name brings me out in a rage, did his budget in march, the price of fuel went up 2 pence that midnight, if it goes up another 2p for tax I'll be on the phone the Office of Fair Trading.
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Apparently another 2p tax is going on next April too.
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Yes at our petrol station 2.35 pence per litre price increase midnight on Sunday. Remember its 2 ppl plus the vat
Next election do not vote for any party that will increase green taxes so it will be bye bye Gordon, Alaistiar, Dave who did not get there and Zac the posh toff who inherited daddys millions and can afford public transport and taxis.
Oh hum what a country we live in
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I fly home from the US tomorrow. Just filled up at $2.99 per gallon. Makes you weep.
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>I fly home from the US tomorrow. Just filled up at $2.99 per gallon. Makes you weep.
Certainly does - it's $2.59 in Austin.
Kevin...
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think I'll cancel my flight then, take advantage of the falling housing market here in California and buy myself a new 3.0 Outback. Oh, and the ski season is just around the corner too...6 day season pass at Sierra is currently on offer at $199....and blueberry pancakes x 3 with bottomless cups of coffee with change from $10 for breakfast at 'Ernies' .
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2p!! That will work out at about 70p per week! How am I gonna be able to afford that LOL!
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Because, in your ignorance, you forget that there are many haulage firms who spend hundreds of thousands pounds a week on fuel, so an extra 2p will hit them hard. They'll pass the costs on to their customers, who will in turn pass them on to us in increased prices everywhere. That's why it's an issue. ;-)
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Because in your ignorance you forget that there are many haulage firms who spend hundreds of thousands pounds a week on fuel so an extra 2p will hit them hard. They'll pass the costs on to their customers who will in turn pass them on to us in increased prices everywhere. That's why it's an issue. ;-)
Well since you bring it up... Environmental campaigners are always pointing out the mileage that our produce travels. Perhaps a significant increase in transport costs will see consumers buying more local produce. The thing is 2p is NOT significant IMO.
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Maybe if the price increase was per millilitre nobody would be bothered!!! I remember when petrol was sold by the gallon and price increases were per gallon, then along came decimalisation......great the government at the time must have thought.
So now we have an increase of "only" 2p per litre instead of, in old money,nearly 11p per gallon including vat.
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I would like to see a massive price increase for selfish reasons - I'm fed up with traffic and congestion. I always wonder what price does fuel/ road tax need to be to make people use their cars less? £2.95 per litre is my guess.
I think at that price level chavs and boy racers would be less keen on 'cruising' and mums in their 'Chelsea tractors' would consider sharing the school run with other parents.
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And the roads would be reserved for the rich/corrupt/politicians.
Keep the great unwashed/working man off the road eh!!!
Blagger Brown must be rubbing his hands with glee at some of the posts on here. Hey Gordon, tax us some more...we like it.
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>>>I would like to see a massive price increase for selfish reasons<<<
Honesty appreciated, but for every chav, boy racer and Chelsea tractor forced off the road because of punitive taxes and duty on petrol there will be a lot more not so well off drivers forced off the road because they simply can not afford it.
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'Forced off the road' is a bit OTT. Reducing unnecessary journeys (probably about 75% imo) should be the ultimate goal. Sure, the not so well off drivers would be hit hardest but that's life, isn't it?
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'Forced off the road' is a bit OTT. Reducing unnecessary journeys (probably about 75% imo) should be the ultimate goal. Sure the not so well off drivers would be hit hardest but that's life isn't it?
Are you for real?
Nothing that you've just said makes any sense. A price increase to those levels would bring down the whole western economy. People would end up spending money on nothing but essentials at the supermarket (which would be very expensive incidentally), buses and taxis wouldn't be an option due to the huge new fares that would be charged so no one would go anywhere or do anything and we'd be overtaken by China before we'd knew what hit us.
I'll be totally honest, I think you're a troll.
Blue
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Because in your ignorance you forget that there are many haulage firms who spend hundreds of thousands pounds a week on fuel so an extra 2p will hit them hard.
If our economy is really dependent on cheap oil and gas (and I think it is) then we had better do something about it before we are held to ransom, if not by Eddie Stobart then by someone unpleasant in the Middle East or Russia. Higher oil prices will force us to reconsider our addiction and perhaps change the way we do business. But 2p per litre will have no noticeable effect at all on the price of a pint of milk or a loaf of bread. And in any case it's currently a speculative 2p.
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Just over a euro a litre when I filled my ample tanks in Belgium yesterday.
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>>>and we'd be overtaken by China before we'd knew what hit us.<<<
Are the not in the lead already.
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And of course once all fuel is pushed past the psychological £1 barrier the increases will gather pace ......until we approach the £2 barrier!.
Just heard that there is a planned increase not only in 2008 but also in 2009 now that is using psychology to lessen the impact.
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I quit smoking because the duty on tobacco exceeded a level that I was willing to pay. That was my choice, it was within my power to do so, and I did it. However, the government is delusional if it thinks it can do the same to motorists with fuel tax hikes.
Take the fuel protests of September 2000. a week of refinery blockades and protests put the whole country on its backside and cost the economy just short of a billion pounds. How much more proof do you need that petrol and diesel are as essential to life in this country as food and water? In fact, without petrol and diesel there would be no easy access to food and water for the majority of the population. Scary, but that's the reality.
It's revenue raising dressed up as environmentalism. They could add 10p a litre and people would still pay it through lack of alternatives.
The government refuses to give decent tax breaks to biofuels and veg oils which are today's first step to tackling finite oil reserves and "greenhouse gases" if you believe in MMCC. Of course this is not the answer in its entirety, but it's a step towards addressing a problem that the government tells us is real, that doesn't involve bludgeoning people with taxes. What is the real agenda here?
Cheers
--
04 Grand Scenic 1.9 dCi Dynamique
00 Mondeo 1.8TD LX
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>>>It's revenue raising dressed up as environmentalism.<<<
That's my firm belief also and I have had many an argument/discussion over it. They use the same excuse for adding taxes to flights and we will carry on flying for business and leisure purposes because we need to and want to.
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"The government refuses to give decent tax breaks to biofuels and veg oils"
Not so surely. As discussed here previously, there is now no duty on some biofuel for the home producer, up to about 2500 litres a year from memory.
See here for example:
www.smartveg.com/news/hmrc_duty_free.php
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In Germany - the government at first tried to tax bio fuels (veg oil etc), and even suggested that they had proof that it was more polluting. They were bluffing, as the campaigners were able to have this decision overturned resulting bio fuels being tax free.
So it took the UK long enough to change their position, as Germany has had this for years.
I also don't think it was made tax free (veg oil: 2500 litres) for environmental reasons. C&E found that they were spending too much on chasing veg oil users then revenue bought in so the allowance was given.
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And of course once all fuel is pushed past the psychological £1 barrier
Is it a psychological barrier or the due to many petrol stations having signage set up to show xx.x ppl? What will they do now, replace the signs or drop the decimal?
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Off on a tangent.
When fuel went above one rand a litre here - back in the 80s - the biggest problem was old pump technology - the price could only be set up to 99.9c/litre!
So the pumps all had to have big "X 2" stickers put on them, and if you asked for, say R10 worth, they'd pump in R5 worth (as shown) and double it.
But unfortunately there were problems with the 'fill it up' buyers, as many of the pump attendants lacked the numerical skills to fill the car up, then double the (say) R22.37 shown...
These days our price is about R7 a litre (government controlled pricing). So it is great fun watching the attendant try to dribble in the last few drops to bring the sale up to a 'round' R200 or so... one false squeeze and you've spent another R1!
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"Environmental campaigners are always pointing out the mileage that our produce travels. Perhaps a significant increase in transport costs will see consumers buying more local produce."
Oh yeah! All the stuff I buy can be bought locally? Are you really suggesting that we spend most of our money on "local produce"? I live in a rural area - the fields are full of oil seed rape, beans, and cereal crops (not a lot of cows, sheep or pigs). The shoe factories have closed, so have the hosiery factories - I would love to see a label on anything saying "Made in Leicestershire". I rely, not through choice, reliant on products brought to me by trucks, trains, ships - I have no choice.
My biggest recent purchase was a new bathroom suite. I went to the local farmers' market, but they did not have one. Just think what you have bought recently and tell me how much is "local produce"
This tax increase is just a way of Gov raising more money - the tax will not be spent on reducing "climate change", it will have no impact on conserving scarce resources since to most people their journeys are "essential" - you may not agree, but they are "essential" to the person concerned.
Interesting article in the Telegraph today about how gov wastes money. An extract:-
"The extravagance of Mr Brown is further exposed in the annual Bumper Book of Government Waste published this week by the Taxpayers' Alliance.
It estimates that of the £587 billion spent by the state last year, £101 billion was wasted, enough to cut the tax burden of every household by over £4,000 a year.
It includes in this the £65 million fine from the EU for the farm payments fiasco, £36 million for road building overruns, £380 million for written-off tax credit overpayments, £1.4 billion on unnecessary consultants, £1.6 billion on failed IT schemes, £5 billion increase in public administration since 1997. The list goes on and on.
The European Central Bank found that if public spending were as efficient as that of the US, or Japan, the Government could spend 16 per cent less, while still producing the same level of public services.
The Government will no doubt dispute many of the TPA's calculations; but even if they are only a quarter true, this is dissipation on an epic scale.
Now Mr Brown proposes to spend £100 million of your money and mine on an election that is not needed. How generous of us."
Source
www.telegraph.co.uk/opinion/main.jhtml?xml=/opinio...l
Motorists/road transport is an easy target because most of us, and the transport companies have no choice. We just go out and pay more and more. We have to.
--
Phil
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