Fuel to go up tonight

Graham_Devon

Barneysmom wrote: »

I do about 40,000 miles a year. I know it's a company car and shouldn't bother me but it'll be a big blow to the company I work for. We're not highly paid and the company isn't a massive one.

Assuming you do about 50mpg, thats 800 gallons, 3,600 litres, £82.80 extra cost to your company.

But because we have had 3 increases so far this year, one being a very sneaky one. It's actually around costing your company around £240 extra this year compared to last to ferry you around.

One company, one car, £240 extra to the treasury.

bo_drinker

baileysbattlebus wrote: »

I thought farmers were able to buy red diesel either duty free or at a very reduced rate or has that changed?

Red diesel is not for road use, only for tractors and machinery(tractors can do certain miles on the road nr the farm)
On no account should it be used as road fuel as if you get dipped the Customs and Excise impose a heavy fine. I should know

alipops1986

In my local area about 2/3 wks ago unleaded was roughly 94.9

Now, before this increase it's gone upto 102.9 so come tomorrow morning it's going to cost 104.9 which, for the east of the country is expensive!!

Fair one, it's probably nothing if you live down south where petrol is always more it seems but it will have an effect on everyone.

I would very much like to know where the government send the revenue they make on this. Into a deep dark hole of debt no doubt to try and make up for what they have spent!

sandiep

baileysbattlebus wrote: »

I thought farmers were able to buy red diesel either duty free or at a very reduced rate or has that changed?

The diesel the farmers use on the farm, yes, but road vehicles no, so haulage to markets, feed deliveries, again all in big heavy vehicles that guzzle fuel, and no viable alternative (can't stick a cow on the tube!!)

This is where the green tax bit shows up as just ludicrous (SP??)

I think that if you buy a plant from a nursery/garden centre, then 1/3 of the cost of it is transport.

Personally, I think that the haulage and transport industries should also be able to use/purchase red deisel.

vivatifosi

For those near one, the last line of Graham's article is interesting. Morrisons won't be applying the increase until the 6th.

nearlynew

This rise in petrol is a great thing..............

Don't forget we have a rising population, so a greater demand for petrol.

The price of petrol might be rising, but it doesn't matter because by using a credit card it is much more affordable.

Anyone who can't afford petrol probably shouldn't own a car anyway. It's not a right you know.


All in all excellent news for all petrol owners who filled up early.

Graham_Devon

The general advice is to buy now.

Graham_Devon

Kreator wrote: »

I would like to know what thoughts people will have when fuel is around £1.80 a litre and oil at $200+ in aorund 2012, just in time for the blackouts that seem inevitable between 2013-2015. On another note, looking towards this future, I think it's perhaps a good time to take on a huge debt and buy a house.

In all honesty, fuel can only go as high as we can generally afford. Sure, it can go a bit higher before we reach criple point, maybe £1.50 per litre at the moment would see sections of the countries populace start to suffer and not be able to actually afford to go about their everyday business.

But imagine saying in the 60's fuel was going to be £1.20 per litre, how will we cope etc....we have to, the entire infrastructure of the country is built on it. If it criples us too much, the government would be forced to cut duty. Taxation is currently around 70% of the price, so theres a lot of leeway there.

QE the shortfall, it seems popular.

Barneysmom

Don't put ideas in their heads Graham

StevieJ

Kreator wrote: »

I would like to know what thoughts people will have when fuel is around £1.80 a litre and oil at $200+ in aorund 2012, just in time for the blackouts that seem inevitable between 2013-2015. On another note, looking towards this future, I think it's perhaps a good time to take on a huge debt and buy a house.

Just to edit, obviously my last comment was a joke, in fact renting seems the ideal way to protect yourself at this time, as when things get really dire, you can just up and leave the country with 4 weeks notice.

When those higher prices (and more) are reached (permanently) other fuel sources start to look cheaper, as I have said before, my view is that marginal costs will facilitate the move to different energy sources.