steve333

MB Enthusiast
Joined
Oct 22, 2009
Messages
4,176
Location
Dorset
Car
Cls350cdi in palladium,C200k in tenorite,Slk320 in red.
I think the price gap between petrol/diesel is getting bigger because there are a lot more diesels on the road than there use to be + the fact the newer ones are far more economical.
 

seven

Active Member
Joined
Aug 6, 2010
Messages
791
Location
Wiltshire
Car
Transporter Kombi
^ exactly.
The oil extractors/refiners/retailers aren't stupid. They will maximise their profit in any way they can.
 

SL300-24

MB Enthusiast
SUPPORTER
Joined
May 28, 2004
Messages
1,786
Location
Essex
Car
2007 CLS 320CDI,1984 500SL, 2007 E320 CDI Sport Estate, 1991 230TE
The sooner the government get into the petrol companies and stop the profiteering the better. When oil prices drop it is rarely passed on, but rises straight away.
 

steve333

MB Enthusiast
Joined
Oct 22, 2009
Messages
4,176
Location
Dorset
Car
Cls350cdi in palladium,C200k in tenorite,Slk320 in red.
The sooner the government get into the petrol companies and stop the profiteering the better. When oil prices drop it is rarely passed on, but rises straight away.
^ Highly unlikely as they are the one's taking around 80% tax on every ltr sold & we as a nation do nothing but moan about it!
 

sinewave

MB Enthusiast
Joined
Jan 29, 2012
Messages
1,495
Location
Cheshire
Car
BMW 520 M-Sport Touring, Kawasaki ZX10R KRT (AMG Eater!)
Diesel is around 4p/litre cheaper than Petrol in Ireland! :eek:


On the downside their Car Tax is horrendous on some models/engine sizes! :doh:
 

grober

MB Master
Joined
Jun 22, 2003
Messages
29,179
Location
Perth, Scotland
Car
W204 C200CDI Estate
Speculators

The price hike has been linked to "speculation" on the wholesale refined fuel markets----- well there's a surprise. :rolleyes:
 

Harrythedog

MB Enthusiast
SUPPORTER
Joined
May 8, 2011
Messages
2,496
Location
Tynemouth
Car
GLC 250 Sport Premium+
Put a rumour out that it's going up 4p then actually put it up 3p and the heat ain't so bad
 

steve333

MB Enthusiast
Joined
Oct 22, 2009
Messages
4,176
Location
Dorset
Car
Cls350cdi in palladium,C200k in tenorite,Slk320 in red.
The price hike has been linked to "speculation" on the wholesale refined fuel markets----- well there's a surprise. :rolleyes:
On the news it was reported the forecourts are blaming the wholesalers for the projected price hike-most of the uk petrol suppliers if not all are wholesalers!
 

grober

MB Master
Joined
Jun 22, 2003
Messages
29,179
Location
Perth, Scotland
Car
W204 C200CDI Estate
There's a world shortage of refined motor fuel due to lack of global refining capacity. There's a trend for the big oil companies to divest themselves of ageing refineries with increasingly stringent safety and environment regulation = not profitable enough. When there's a shortage then prices inevitably rise until demand falls off which should then lead a price fall= market forces. Unfortunately at this point we have to introduce the concept of " futures" where all this trading is carried on months before the actual events affecting prices. This is just a form of gambling on what the price refined fuel is going to be in the future. However in this equation the motorist is in the position of heads the traders win tails the motorist loses. The figure you want to watch is RBOB Gasoline NY Harbor here WTRG Economics -OPEC, crude oil, natural gas, analysis, forecasts and data or NYH RBOB Gasoline (Globex) Daily Commodity Futures Price Chart: March 2013 : NYMEX
 

BIRMA

MB Enthusiast
Joined
Jan 21, 2013
Messages
1,241
Location
Lovedean
Car
Lexus RCF
I have no real problem with oil companies making a profit, they are providing a service, its the tax that gets me, thats where the rip off is..


Couldn't agree more everyone involved in the chain actually does something for their profit be it little or big, the real highway robbery is the government who don't do a thing for the enormous ammount of tax/duty on petrol. It would appear all parties regardless of who they are just take it for granted that this little cash cow can be milked and never go dry.
 

crockers

MB Enthusiast
Joined
Mar 30, 2007
Messages
7,097
Location
North Wilts
Car
XC60 MY2014 SeLux Nav plus lot and lots of toys...
I have no real problem with oil companies making a profit, they are providing a service, its the tax that gets me, thats where the rip off is..

A very interesting statement. So what taxes would you envisage raising to replace this duty? Income tax? VAT? Or stop all benefits? Cut back on the NHS?

I can't see how we can ?

I do think it is profiteering to charge more for diesel than petrol when the majority of countries charge less.
 

John

Hardcore MB Enthusiast
SUPPORTER
Joined
Mar 3, 2011
Messages
13,106
Location
Daan Saaf
Car
W222 S500L
With almost 30% of voters saying they won't change their car for a more efficient model , this price rise is easy money for all involved.

http://www.mbclub.co.uk/forums/mbcl...uld-you-consider-more-fuel-efficient-car.html

Given the forum on which that thread / question was hosted, the results are not a huge surprise though are they...

:D

I might be paying more than I need to for fuel, but the government gets no VAT from smoking, Apple hardware, Golf club fees, Skiing, etc. etc. from me instead.
 

Carrsey

Active Member
Joined
Dec 23, 2012
Messages
747
Location
Between a rock and a hard place.
Car
E280 CDi Avantgarde
A very interesting statement. So what taxes would you envisage raising to replace this duty? Income tax? VAT? Or stop all benefits? Cut back on the NHS?

I can't see how we can ?

I do think it is profiteering to charge more for diesel than petrol when the majority of countries charge less.


Dont get me wrong, i know if they took it off fuel it would have to be take from else where, so cant be done. My point is, everyone blames the fuel companies and i just feel it is not them that are the real problem..
 
OP
OP
KillerHERTZ

KillerHERTZ

Administrator
Staff member
Joined
May 21, 2003
Messages
17,849
Location
Cambs
Car
CLS63 AMG
Dont get me wrong, i know if they took it off fuel it would have to be take from else where, so cant be done. My point is, everyone blames the fuel companies and i just feel it is not them that are the real problem..

THIS!

80% Tax, plus VAT on top of that. its the Governments taxing which is to blame for the appalling prices
 

markjay

MB Master
SUPPORTER
Joined
Jun 24, 2008
Messages
33,593
Location
London
Car
W204 C180 Executive SE 2013 Automatic / COMAND NTG4.7 and Morel speakers fitted by www.comand.co.uk
Dont get me wrong, i know if they took it off fuel it would have to be take from else where, so cant be done. My point is, everyone blames the fuel companies and i just feel it is not them that are the real problem..

It's not profiteering, it's called the law of supply and demand.

When a product or service is much sought-after and in short supply, prices go up.

However, competition should help keep fuel price increase under check and not allow prices to spiral out of control simply due to high demand.

Normally is would be the government's job to ensure that prices of essential products and services do not make them unaffordable (through regulation and other means).

The difficulty is, that in this case the government can't really get involved and tell the fuel suppliers and retailers that the price it too high and the public can't pay it, given that it is the treasury that takes the vast majority of the what drivers pay at the pump....

So the solution they came up with is to the avoid classifying car fuel as essential product, and keep taxing it - as other European countries do.

And if it is not an essential product - then why should the government get involved in fixing the price? Especially as it prefers to let the oil companies increase their profits so that they can impose further 'special' taxes on their profits, as recently happened.
 
Last edited:

Users who are viewing this thread

Similar threads

Top Bottom