fuel prices again

[normanr]

I know you are going to say OH not again but clever tactics again.
Fuel prices rising bit by bit each few days and then government taxes has put us back to 91.9p per litre we will soon be up to over a pound a litre.

 

[zed]

Fuel duty has just increased by 2p /litre, the government are obviously cashing in on the fact that the cost of the fuel has recently been falling so it's easier to increase duty.

People generally won't complain because we're still so releived that it's less than £1/litre in the first place.

 

[wxmclk]

Yet another sad example of rip off Britain, and the contempt that our so called "leaders" treat us with- apologies for being political folks.

 

[Dryce]

Yet another sad example of rip off Britain, and the contempt that our so called "leaders" treat us with-

Well that's a minor indiscretion compared with the level of debt they've lumbered you with.

 

[crockers]

Wait until VAT goes up to 20%......talk about a tax on a tax..

 

[scumbag]

Wait until VAT goes up to 20%......talk about a tax on a tax..

<Chuckles>

No VAT where I am going.

 

[crockers]

<Chuckles>

No VAT where I am going.

Prison? Alcatraz?

 

[scumbag]

Prison? Alcatraz?

Been there, they slung me out.

 

[MPG]

Sure you're all aware you can look up fuel prices around the country here. Garages by me are already charging between 95 & 97p for a litre of regular unleaded so the return of the 1 pound litre is imminent.

 

[peterg1965]

Sure you're all aware you can look up fuel prices around the country here. Garages by me are already charging between 95 & 97p for a litre of regular unleaded so the return of the 1 pound litre is imminent.

It's disgraceful the way the Govt are behaving with yet another stealth tax - although this was 'announced' some time ago it has been put in place with not an utterance from Darling or Brown. Oil prices remain comparitively low, although slowly rising to c$52 barrel, this does not justify £1 litre,

Another large nail in the coffin of nu labour me thinks. How many of them will be out on their ear this time next year? Jackie Smith for one...... (2000 majority and lots of irrate constituents!)

 

[x332race]

Be prepared for further "green" rises in petrol (and other motoring related) taxes in the forthcoming budget....Brown / Darling have to do something to recover the stupendous amounts of money they have been "spending" on the banks etc .

 

[peterg1965]

Be prepared for further "green" rises in petrol (and other motoring related) taxes in the forthcoming budget....Brown / Darling have to do something to recover the stupendous amounts of money they have been "spending" on the banks etc .

Somehow, I think having a PM who can't/doesn't drive (or have to drive himself) and a Chancellor who is a poodle, we, as motorists, don't stand a chance. Look at the reduction in VAT to 15%, did motorists benefit? No, because they increased fuel duty so we wouldn't be paying less tax on fuel. So when VAT goes back to 17.5% (or maybe higher) at the end of the year there will be another 2p on the price of a litre. Let's see if the Tories have the balls to support motorists instead of demonising them and using them as a ready (and easy) source of extra income.

 

[glojo]

For the last three or four months we have had huge super tankers anchored in Lyme Bay\Tor Bay These vessels are fully laden and waiting for the oil price to improve, nothing to do with Gordon Bor our tax system.

There are usually a minimum of ten of these large tankers but it is usually more. I dreda to think of the money involved and the losses they must be incurring as I am guessing that the price of oil has dropped significantly over these last three months and a tanker that is parked up, fully laden isd not earning, not only is it not earning but the price of its cargo is devaluing.

We last saw this way back in the 1980's but that was in reverse. Fuel prices were increasing and these super tankers would park up for a few weeks just to let the value of its cargo go up.

Now I believe there is too much crude oil on the market and these tankers are here because the companies are trying to restrict the quantity of oil being bought into the country

In other words I am back to my soap box where I have always dismissed the end of the world nut cases that have suggested we are running out of this commodity.

 

[davidjpowell]

Somehow, I think having a PM who can't/doesn't drive (or have to drive himself) and a Chancellor who is a poodle, we, as motorists, don't stand a chance. Look at the reduction in VAT to 15%, did motorists benefit? No, because they increased fuel duty so we wouldn't be paying less tax on fuel. So when VAT goes back to 17.5% (or maybe higher) at the end of the year there will be another 2p on the price of a litre. Let's see if the Tories have the balls to support motorists instead of demonising them and using them as a ready (and easy) source of extra income.

Worse then that for business. The VAT cut to 15% from 17.5% saved them nothing as they already claim back the VAT, at least on business miles or if they use the Fuel Scale charges on all the miles. So the the addition on fuel to 'equalise' the VAT cut actualy actually resulted in a increase. Thanks!

I am paying over the £1 mark on diesel at present.

 

[Roger Jones]

Yes, the supertankers in Lyme Bay have just been discussed on Radio 4. The producers have been slow to cut output in the face of sharply declining demand. The refiners don't want crude before they can get it through and out the gates, not least because they have to pay duty at that point. And today crude is still comfortably under $50 a barrel, which is unlikely to move very much with the summer coming on and the depression deepening.

 

[NewMB]

Worse then that for business. The VAT cut to 15% from 17.5% saved them nothing as they already claim back the VAT, at least on business miles or if they use the Fuel Scale charges on all the miles. So the the addition on fuel to 'equalise' the VAT cut actualy actually resulted in a increase. Thanks!

I am paying over the £1 mark on diesel at present.

The maximum tax free allowance you may claim on business miles (where you pay the fuel) is:

21p per Mile for Petrol
17p per Mile for Diesel

As per usual, it makes no sense with the above figures as Diesel costs alot more to buy in the first place.

Come on election

 

[x332race]

The maximum tax free allowance you may claim on business miles (where you pay the fuel) is:

21p per Mile for Petrol
17p per Mile for Diesel

As per usual, it makes no sense with the above figures as Diesel costs alot more to buy in the first place.

Come on election

Presumably where you have company car or car allownce....

Having neither, the max tax free allowance is 40p per mile.....does not cover cost of fuel, depreciation, servicing etc and has not gone up for years...talk about fiscal drag!

 

[NewMB]

Presumably where you have company car or car allownce....

Having neither, the max tax free allowance is 40p per mile.....does not cover cost of fuel, depreciation, servicing etc and has not gone up for years...talk about fiscal drag!

Yes to company and yes you are right. Neither cover what it should.

Of course, if you have your own company, you can claim what you want, but anything after 40p will be taxed!

 

[davidjpowell]

The maximum tax free allowance you may claim on business miles (where you pay the fuel) is:

21p per Mile for Petrol
17p per Mile for Diesel

As per usual, it makes no sense with the above figures as Diesel costs alot more to buy in the first place.

Come on election

But VAT is different. You can claim it all back on fuel, providing that you pay a scale charge for the Private Use.

 

[MPG]

When crude oil peaked at 147 dollars a barrel last July and unleaded was around 1.20 a litre Gordon Brown stated in the House of Commons that all duty rises on fuel would be scrapped for a period of 12 months. Now unless the Government can explain how a year has suddenly become shorter in their eyes (or in Gordon's case "eye"), there should not have been an increase in duty on April 1st. I also dislike the fact that this change was put through just three weeks before the latest budget was due which gives yet more potential for further increases - doubtless under the dubious justification of "green" taxes.
Should prices continue to rise we're in for a very rocky road indeed as unlike last year we don't have the benefit of a relatively strong pound to cushion rises in the dollar based crude product.