Possible 5p-10p/litre petrol discount

mike_paterson

carter2901 wrote:

If it's any help to anyone, I had to retrieve mine from the bulk mail folder, and add the address to my "safe senders" list...

Yep same happened to me - Looks like SpamGuard plus has been a bit over-zealous lately !

NickCouchman

$17mma, spikey, did you find the email in your bulk mail folder. Or are you still waiting?

Ben@PipelineCard

NickCouchman wrote:

$17mma, spikey, did you find the email in your bulk mail folder. Or are you still waiting?

If anybody didn't see the December Update you can view it under the "What's New" section on the website.

http://www.PipelineCard.org/whatsnew.html

Thanks for all your support!

Ben

grayme-m

I believe this pipeline card has been based on a misunderstanding of the tax system.

Many of us have asked Ben for clarification and we have had none, on pistonheads forum he wrote this:

'Sorry I haven't explained it very well.

The product, delivery & retailer margin accounts for 30% of the retail price. The other 70% is tax (duty & vat).

Therefore if the pump price is reduced by 10p then the "product, delivery & retailer margin" is reduced by 3p and the tax is reduced by 7p.

This is due to duty being calculated as a percentage of base price (circa 203%) and then VAT being charged on the delivered price.

Hope that helps,

Ben'

But duty is 48.32p a litre on diesel and petrol, no matter if it is sold for £10 a litre or given away for free.

So it just happens that if you pay 84.9p a litre (Monday) to fill up, that is:

12.64p 15% VAT
48.32p 57% Duty
23.94p 28% To the retailer

If you knock 5p off the price, the duty is unchanged, VAT comes down a tad, but most (4.26p) comes from the retailer.

Ben has been unwilling/unable to clarify this....

Shame really, I was all for cheaper petrol!

redux

grayme-m wrote:

Many of us have asked Ben for clarification and we have had none, on pistonheads forum he wrote this:

'Sorry I haven't explained it very well.
~
Hope that helps, Ben'
~

If you knock 5p off the price, the duty is unchanged, VAT comes down a tad, but most (4.26p) comes from the retailer.

Ben has been unwilling/unable to clarify this....

Shame really, I was all for cheaper petrol!

hmmmmm ..............

So the prediction of saving 10p per litre relies on his claim that the tax and duty will be cut by 7p. I don't think the government will help to fund his enterprise.

I agree with your version that the duty is a fixed amount per litre, which is after all the way the government and others describe it.

http://customs.hmrc.gov.uk/channelsPortalWebApp/downloadFile?contentID=HMCE_PROD1_023928

It would appear that Ben's differences with the duty system are different to what we thought. I was also confused by his inaccurate comparisons to retail prices abroad.

grayme-m

redux wrote:

hmmmmm ..............

So the prediction of saving 10p per litre relies on his claim that the tax and duty will be cut by 7p. I don't think the government will help to fund his enterprise.

Indeed, he is showing a complete lack of understanding of the tax system!

I've asked him numerous times to clarify if he has based this on a false understanding without any response.....

I get the feeling that he could be feeling a bit of a numpty?

Mr_Vincent

I was thinking of passing this e-mail to those on my mailing list and would've signed up sooner if my e-mail reader hadn't crashed losing all my stored e-mail.

Having seen the above email I am starting to think I made a good decision not to pass on this fuel saving information.

Registration usually asks for more than your e-mail address as a compulsory thing in order to deter the possibility of spamming.

No disrespect to all but I have always looked out for ways of paying for fuel at a cheaper rate in any other form than a credit card.

Ben@PipelineCard

Sorry for the delay in posting this; I have been out of the office for a few days. You are absolutely right in saying that duty (unlike VAT) is a fixed amount per litre.

The post on PistonHeads was incorrect and I posted it on a busy day without thinking about what I was saying.

However, I am happy to tell you that this doesn't impact on how PipelineCard works in any way as Pipeline is a bulk buying deal so our discount comes from the retailer.

Have a good holiday!

Ben Scammell
http://www.PipelineCard.org/

very_skint

Just signed up, using my junk email account (just incase). Not much to lose, worth a laugh.

lovemoneysavingdeals

Ive just signed up I have a gas guzzeler 4 litre so any saving is well worth it to me.