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Petrol to rise to £2.30 a Litre ?!!

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Comments

  • Jorgan_2
    Jorgan_2 Posts: 2,270 Forumite
    image017.jpg
  • Kez100
    Kez100 Posts: 2,236 Forumite
    Of course the cost per mile depends on the vehicle you drive.

    My ikkle car now does a 9p mile and one contract I do gives me 20p a mile. However, my car is new so the extra miles on the clock are bound to cost me in depreciation too. I doubt I'll be quids in at 20p and I have one of the cheapest cars on the road.

    My other vehicle - a camper- does 25 mpg and it's diesel too! That one would be just over the 20p per mile on fuel but (up until recently) it didn't depreciate at all so - to some extent -in terms of my contract that vehicle per mile cost me a similar amount (and would give me somewhere cheap to kip in - £10 for a pitch - if I can't get home in time).

    Daft really.

    Mind you the situation may have changed as I suspect my cheap car will hold it's value a little bit better and my tank's value will tank now.
  • olly300
    olly300 Posts: 14,738 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    . But even so, at which point is the person subsidising the organisation every mile they drive specifically on their behalf.

    e.g. taking an example from above. If a midwife has to drive to do a home birth, and claims back Xp petrol expenses. At which point is she subsidising that service?

    If a Local Govt worker (say a social worker, teacher, solicitor) has, for their job, to attend a case conference 20 miles away and claims the expenses back - at which point are they subsidising the Council?

    While Local Govt/NHS workers are most likely paid the full going rate for expenses, many small private firms pay 20-30p/mile.

    You can get the amount you should have got back by completing the relevant tax forms at the end of the tax year.

    If the organisation you work for pays you more than what HMRC stipulates you get taxed on it.

    One of the main issues is the government refuses to raise the amount from 40p per mile for the first 10,000 miles and 25p per mile afterwards, as they claim it's part of their green policy.
    I'm not cynical I'm realistic :p

    (If a link I give opens pop ups I won't know I don't use windows)
  • If the price of oil doubles, it doesn't mean the duty will double too. Currently there's about 80p per pound of duty on petrol. at £1.15 this is 92p, meaning the petrol cost is actually 23p, if the petrol cost doubles that will bring it to 46p, add the duty back on and it will be £1.38, not £2.30, of course this is rough maths so it may be about £1.50.

    :)
  • CheeseCat
    CheeseCat Posts: 378 Forumite
    Don't apply for jobs that are 26 miles away from your house? Seriously, why do people live so far from their jobs?

    Don't tell me it works out cheaper because the houses cost less, because I've done my own calculations on that when we were looking for somewhere cheaper to live. And it's cheaper to live in town and cycle to work than move away and have to run a car/get the bus.

    Oh, if only life was so easy. Nobody LIKES driving 26 miles to and from work. I do exactly that and can think of much better things to do with my time but you have to go where you can find good work and where you can find something suitable. Unfortunately I could not find any opportunities for my career nearer to my house, hopefully someday not too far off I will as its getting increasingly hard to afford petrol at the moment.

    I am taking Martins advice with saving fuel - I drive 60mph in the slow lane to/from work (even the lorries overtake me, how embarrasing :o ) which is just about helping me counteract what I spend on fuel. I now spend about the same (or even maybe a bit less) than I did driving the same distances, with petrol around £1 a litre, doing 70/75mph down the motorway.

    Oh and on the subject of mileage expenses for work, I get 43p a mile, which is good - Its just a shame I can't claim on the commute!
    Proud meowmy of four fuzzy cats :)
  • While Local Govt/NHS workers are most likely paid the full going rate for expenses, many small private firms pay 20-30p/mile.

    pfft! if i go out for work i get 40p per mile in my own car.... company car drivers only get about 12p per mile and are already significantly out of pocket for every mile they drive.. unfortunately its not a case of the company being completely tight... i;m sure the amount we're allowed to pay is governed by the Inland Revenue to a degree.. (dont quote me on that tho!)
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    pfft! if i go out for work i get 40p per mile in my own car.... company car drivers only get about 12p per mile and are already significantly out of pocket for every mile they drive.. unfortunately its not a case of the company being completely tight... i;m sure the amount we're allowed to pay is governed by the Inland Revenue to a degree.. (dont quote me on that tho!)
    Some private companies pay peanuts for people to drive their own car. Instead of paying the maximum 40p (I know they can pay more but be taxed on it) some private companies ask staff to use their own car but only reimburse 20-30p or so.

    I wasn't referring to company car drivers who have the car provided for them and are taxed through their tax code.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    To try to wrest this topic back to something vaguely relevent to the board, what does this mean for house prices?

    My guess is that it's positive news for City Centre flats (although probably not enough to bail out idiot new-build buyers).

    In London (which I know well) I guess it's positive for areas like Oval and Stockwell. Currently hellholes but central and on the tube/a cycle ride from the centre.
  • LittleMissAspie
    LittleMissAspie Posts: 2,130 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    RubyShoes wrote: »
    Don't be so narrow minded LittleMissAspie.
    How am I being narrow minded :confused: I really don't understand why people take jobs in places they have trouble getting to. People complain about long commutes but they chose the job and they chose the house. It makes no sense!
  • lisal0u
    lisal0u Posts: 406 Forumite
    Part of the Furniture Combo Breaker
    How am I being narrow minded :confused: I really don't understand why people take jobs in places they have trouble getting to. People complain about long commutes but they chose the job and they chose the house. It makes no sense!

    Because there is no other choice as I stated. If you live in a small town like I do there are not a lot of jobs out there and you have to look elsewhere! And I'm not complaining about a long commute just the cost of fuel! And I cannot afford a house where I work.

    If you read everyones comments they all state very valid reasons for having to commute and makes total sense to me!
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