Fuel Protests

[GrandOldTeam]

http://news.bbc.co.uk/1/hi/england/merseyside/7378800.stm

A group of farmers and hauliers are staging a demonstration outside the Stanlow Oil Refinery at Ellesmere Port in Cheshire over rising fuel prices.
Up to 20 lorries are said to be backed up outside the plant and are being prevented from entering.
Police confirmed they were notified of the incident just after 2030 BST. There are estimated to be about 80 protesters and numbers are growing.
One of the protesters said: "Enough is enough, something has to be done."

Good on them. The price is absolutely ridiculous.

 

[Reidy's Bottle Of Grecian]

i run on l.p.g. thats gone up too and it's nothing to do with oil whatsoever, it comes from north sea gas.
strange how they add tax on fuel and then put on vat, paying vat on tax mmmmmmm thats fair, seeing as the tax isn't a service or product that you are receiving. i'm amazed some lawyer hasn't challenged this yet.

 

[monty]

As the price of fuel is not set by the government at we have a free market I don't see their argument. Now if they wanted complete regulation of an industry that is bleeding the country dry then that another matter

 

[GrandOldTeam]

As the price of fuel is not set by the government at we have a free market I don't see their argument. Now if they wanted complete regulation of an industry that is bleeding the country dry then that another matter

How come the fuel here is the most expensive in Europe then?

Surely the government could reduce the 60odd percent tax on petrol?

 

[McBain]

What do you pay for fuel then?

I just paid $1.55 a litre for premium today in Sydney.

 

[Reidy's Bottle Of Grecian]

they were goin ape in nz when petrol hit $1 a litre which at the time was 30pence, here it was around 86 pence at the same time .
lpg is about 53pence a litre...36p last year

it's gonna hit about aus$12 for a gallon of petrol £5

we also pay about 400/500 aus$ road tax £200 upwards
insurance(compulsary) is just way beyond a joke.
an mot (roadworthyness cert.) costs over aus$100. £50

 

[GrandOldTeam]

What do you pay for fuel then?

I just paid $1.55 a litre for premium today in Sydney.

[SIZE=-1]UK average is around £1.09 a litre. Although there have been some reports suggesting that within a year it could be £1.50ish.[/SIZE]

 

[monty]

How come the fuel here is the most expensive in Europe then?

Surely the government could reduce the 60odd percent tax on petrol?

How come our fuel companies are making profits at a rate of £7,000 billion a year, absurd. I rather the money be aimed at the governments purse than some fat arsed already rich beyond dreams millionaire investor, I know where it will do best. This cut tax argument is all well and good but you never hear people say oil has dropped in price so the government need more money. The financial take by any government should go to the people namely you and me.

 

[GrandOldTeam]

How come our fuel companies are making profits at a rate of £7,000 billion a year, absurd. I rather the money be aimed at the governments purse than some fat arsed already rich beyond dreams millionaire investor, I know where it will do best. This cut tax argument is all well and good but you never hear people say oil has dropped in price so the government need more money. The financial take by any government should go to the people namely you and me.

Most of it is going to the government though mont, actually think its 69%

The increase in demand - particulary China is the main reason behind fuel company profits.

Fact is, our government charge more tax than any other in Europe for petrol.

 

[GrandOldTeam]

http://money.uk.msn.com/investing/articles/john-stepek/article.aspx?cp-documentid=7420557

Section from that;

Politicians to blame?
So why the huge disparity? Well, it all comes down to tax. According to PetrolPrices.com, if petrol was 90p a litre (oh, those were the days) then 47.1p would go on fuel duty, plus another 13.4p on VAT. Another 23.2p pays for the petrol itself, and 6.3p goes to the retailer.
So near enough 70% of the price you pay at the pump goes into the government's coffers. And that's not the only benefit that the government gets out of $100 oil. There's also the tax on North Sea oil producers, which was raised in both 2002 and 2005, so that oil companies pay 50% corporation tax on their earnings from the North Sea.
So let's see. The Treasury takes 50% of the money made when the oil comes out of the ocean bed. Then it takes pretty much 70% of the money spent when it comes out of the pump. And yet people want yet more oil money to go to MPs? So that they can spend it on something worthwhile no doubt, like subsidising their offspring's university education perhaps; or pouring more cash into the black hole that is the London Olympics?

 

[monty]

Most of it is going to the government though mont, actually think its 72%

The increase in demand - particulary China is the main reason behind fuel company profits.

It is nothing to do with China as that government regulates the price hence profits are far less. Any government is elected by the people, unless you are in Zimbabwe, and that money doesn't disappear into a black hole i9n goes into the exchequeor and is spent by that government on the people, that is a simple fact. These protests afre aimed in the wrong direction as the government again does not increase fuel prices although its take can increase as a result of their actions. The sooner fully viable alternatives are in place the better as the oil companies have way too much power

 

[GrandOldTeam]

It is nothing to do with China as that government regulates the price hence profits are far less.

Course China is a factor Mont.

Their intake of oil has went up ridiculously the past few years, becoming increasingly oil-dependent. Meaning the price of oil extraction has went up. More demand=higher prices. Especially if its of a substance such as oil. Thats in a nutshell anyway.

http://news.bbc.co.uk/1/hi/business/4191683.stm

China's craving for oil to drive its industrial boom and, to a lesser extent, satisfy its love affair with the motorcar, has helped to push up global crude oil prices.

And that was 2005, its went a lot higher since

 

[Reidy's Bottle Of Grecian]

its the olympics fault then, bollox to tibet what about our bloody petrol.

 

[monty]

Course China is a factor Mont.

Their intake of oil has went up ridiculously the past few years, becoming increasingly oil-dependent. Meaning the price of oil extraction has went up. More demand=higher prices. Especially if its of a substance such as oil. Thats in a nutshell anyway.

http://news.bbc.co.uk/1/hi/business/4191683.stm

And that was 2005, its went a lot higher since

The only way that makes sense is that the oil companies are feeding a regulated market while screwing a free trade area........................as I said its the oil companies screwing us, the fuel is there but pushing our price up makes them richer.

 

[GrandOldTeam]

The only way that makes sense is that the oil companies are feeding a regulated market while screwing a free trade area........................as I said its the oil companies screwing us, the fuel is there but pushing our price up makes them richer.

Maybe so, but my problem is our government charging more tax than anywere else in the World.