+ Post New Thread
Page 1 of 2 12 LastLast
Results 1 to 15 of 23
General Chat Thread, Oil Price Fixing For The Past 10 Years? in General; Link: BBC News - EU raids on oil firms raise petrol prices worries This is still under investigation but I ...
  1. #1

    DaveP's Avatar
    Join Date
    Oct 2006
    Location
    Can't talk now: The mother-ship is calling!
    Posts
    8,780
    Thank Post
    351
    Thanked 1,274 Times in 870 Posts
    Blog Entries
    4
    Rep Power
    1126

    Oil Price Fixing For The Past 10 Years?

    Link: BBC News - EU raids on oil firms raise petrol prices worries

    This is still under investigation but I am sure that we all feel that we do indeed pay too much.

  2. #2
    Grey-gear's Avatar
    Join Date
    Nov 2009
    Location
    Derby
    Posts
    443
    Thank Post
    26
    Thanked 52 Times in 46 Posts
    Rep Power
    23
    Does not really surprise me, just hope something is done so this problem is fixed and will not happen again.

  3. #3

    Join Date
    Nov 2010
    Posts
    433
    Thank Post
    58
    Thanked 66 Times in 57 Posts
    Rep Power
    27
    After Libor, nothing surprises me.

    I see the BBC spin it as a motorist issue (call the RAC foundation! Get a picture of a petrol pump!), but in a society built and powered (mainly) by fossil fuel it affects us all.

  4. #4
    mthomas08's Avatar
    Join Date
    Jun 2008
    Posts
    1,608
    Thank Post
    132
    Thanked 165 Times in 146 Posts
    Rep Power
    62
    Not surprised by this and i get the feeling that nothing will change.

    I am sure some one will get paid off to say "Nothing is happening here".

  5. #5

    Join Date
    Nov 2009
    Location
    Manchester
    Posts
    1,049
    Thank Post
    6
    Thanked 199 Times in 179 Posts
    Rep Power
    52
    If the price has been artificially high for 10 years, all that will happen is the government will fine the companies some miniscule amount compared to the profits they will have made from it and tell them to stop being naughty. Then later that night they will all go for a knees up at some exclusive place that their friends int he oil companies pay for.

    Call me a cynic, but there will be no benefit to the man on the street at all. They aren't going to post us a refund.

  6. Thanks to Achandler from:

    LosOjos (15th May 2013)

  7. #6
    CAM
    CAM is online now

    CAM's Avatar
    Join Date
    Mar 2008
    Location
    Burgh Heath, Surrey
    Posts
    4,073
    Thank Post
    812
    Thanked 353 Times in 277 Posts
    Blog Entries
    60
    Rep Power
    280
    They are only 10 years late reporting what everyone knew already!

  8. #7

    jinnantonnixx's Avatar
    Join Date
    Mar 2011
    Location
    In the Calamatorium.
    Posts
    1,953
    Thank Post
    109
    Thanked 482 Times in 331 Posts
    Blog Entries
    2
    Rep Power
    281
    I'm no economist, but doesn't it suit the government to keep prices high? After all, more VAT is collected from a higher price than a lower price.
    Last edited by jinnantonnixx; 15th May 2013 at 12:01 PM.

  9. #8
    Galway's Avatar
    Join Date
    Jun 2007
    Location
    West Yorkshire
    Posts
    1,301
    Thank Post
    9
    Thanked 300 Times in 209 Posts
    Rep Power
    99
    Your right, your no economist.

    Im sure the government would much prefer the same price with less going to the oil companies and more coming to them in taxation.

  10. #9

    tmcd35's Avatar
    Join Date
    Jul 2005
    Location
    Norfolk
    Posts
    5,620
    Thank Post
    845
    Thanked 882 Times in 731 Posts
    Blog Entries
    9
    Rep Power
    326
    Quote Originally Posted by jinnantonnixx View Post
    I'm no economist, but doesn't it suit the government to keep prices high? After all, more VAT is collected from a higher price than a lower price.
    BP and Shell fixing the base price is a minor scandal compared with the taxmans share in fuel duty and VAT!

  11. Thanks to tmcd35 from:

    Flatpackhamster (15th May 2013)

  12. #10

    Andrew_C's Avatar
    Join Date
    Sep 2005
    Location
    Winchester
    Posts
    2,958
    Thank Post
    64
    Thanked 374 Times in 284 Posts
    Rep Power
    158
    I await my refund cheque with baited breath...







  13. #11
    Jamman960's Avatar
    Join Date
    Sep 2007
    Location
    London/Kent
    Posts
    987
    Thank Post
    186
    Thanked 194 Times in 156 Posts
    Rep Power
    45
    Not sure what to believe, the OFT declared the pricing was all find and dandy in January and we had the cheapest fuel in europe(pre-tax) - OFT rules out petrol prices investigation

    I guess the best we can hope for is a small discount in price followed by the government deciding there is room for a little more tax.. I hate the fact that a "good" price for petrol at the moment is 129.7(Asda), back in 2005 89p was expensive

  14. #12

    Join Date
    Mar 2011
    Posts
    631
    Thank Post
    52
    Thanked 106 Times in 76 Posts
    Rep Power
    63
    Quote Originally Posted by tmcd35 View Post
    BP and Shell fixing the base price is a minor scandal compared with the taxmans share in fuel duty and VAT!
    Exactly. Three quarters of your fuel costs come from duty and VAT. It suits the government to pretend they aren't buggering us when they are.

  15. #13


    Join Date
    Mar 2009
    Location
    Leeds
    Posts
    6,577
    Thank Post
    228
    Thanked 852 Times in 731 Posts
    Rep Power
    294
    Quote Originally Posted by Flatpackhamster View Post
    Exactly. Three quarters of your fuel costs come from duty and VAT. It suits the government to pretend they aren't buggering us when they are.
    wouldnt be so bad if they spent the tax on transport but it just goes to a general pot fine for vat but if you tax an activity shouldnt that activity get the benefits rather than as now roads that are more hole than road, poor public transport (outside london which is hevily subsidised) but i think i saw some figures showing that less than a 1/4 of what the motorist puts in in tax goes anywhere near roads

  16. #14

    tmcd35's Avatar
    Join Date
    Jul 2005
    Location
    Norfolk
    Posts
    5,620
    Thank Post
    845
    Thanked 882 Times in 731 Posts
    Blog Entries
    9
    Rep Power
    326
    Personally I'd prefer lower VAT and/or scrap fuel duty and have an extra 1p or 2p on income tax. I'm sure some environmentalist now want's me locked up for heresy and someones gonna pipe up "but I don't drive, why should I pay extra for roads I don't use"...

  17. #15


    Join Date
    Mar 2009
    Location
    Leeds
    Posts
    6,577
    Thank Post
    228
    Thanked 852 Times in 731 Posts
    Rep Power
    294
    Quote Originally Posted by tmcd35 View Post
    Personally I'd prefer lower VAT and/or scrap fuel duty and have an extra 1p or 2p on income tax. I'm sure some environmentalist now want's me locked up for heresy and someones gonna pipe up "but I don't drive, why should I pay extra for roads I don't use"...
    dosent sound unfair to me that way you are taxing on income rather than effectively taxing someone because they need to go somewhere

SHARE:
+ Post New Thread
Page 1 of 2 12 LastLast

Similar Threads

  1. Replies: 8
    Last Post: 27th April 2013, 08:21 AM
  2. Replies: 9
    Last Post: 19th February 2012, 03:28 PM
  3. ICT Replacement Plan for the next 3 years. How do you do it?
    By tj2419 in forum How do you do....it?
    Replies: 8
    Last Post: 23rd November 2011, 10:28 PM
  4. 11 for the price of 10
    By Elky in forum Our Advertisers
    Replies: 0
    Last Post: 4th February 2008, 01:16 PM
  5. Replies: 0
    Last Post: 12th October 2007, 08:37 AM

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •