i see petrols on the up €€

what_car

on the news this evening that petrol will be €1.20+ by the end of the week,
how high is it gonna go?

Del2005

And what about Maxol,

Maxol has announced it too is increasing fuel prices - adding 2.68 cent per litre to petrol, 3.23 cent per litre to diesel and an average of 2.31 cent per litre of home heating oil. The company said the rise was necessary given the 'extremely strong rise in prices' and the fact that larger rivals were increasing prices.

What ever happened to competition??

http://www.rte.ie/business/2007/1105/topaz.html

Atomic Pineapple

He said a further factor in the price rise was an increase to one cent on every litre in the Government fuel levy from November 1

glad to see the goverment dont mind heigthening the burden either :rolleyes:

rowanh

Petrol is still very cheap here..

Mitch Connor

indeed - England prices are at about €2 per litre as far as I know.

galwaytt

GBP£1.01 /litre = Eur 1.46, not 2.00...........

Mind you, it's still nuts.

I don't get how, given the current collapse in the US€, that it isn't coming down..........and as for ADDING tax at a time like this - FFS ! Inflation management my arse.

If the mullahs had any brains, they'd ask to be paid in Euro's..........now that would be interesting..........

Mitch Connor

galwaytt wrote: »

GBP£1.01 /litre = Eur 1.46, not 2.00...........

Mind you, it's still nuts.

I don't get how, given the current collapse in the US€, that it isn't coming down..........and as for ADDING tax at a time like this - FFS ! Inflation management my arse.

If the mullahs had any brains, they'd ask to be paid in Euro's..........now that would be interesting..........

sorry, I had read that the price of petrol in England was up well above 1.01 recently, up around 1.30 or 1.40. Must have been wrong. appologies.

as for selling Oil in €'s, you do that and you get invaided. just look at Iraq!

r3nu4l

galwaytt wrote: »

GBP£1.01 /litre = Eur 1.46, not 2.00...........

Mind you, it's still nuts.

Where I live the price of petrol at the moment is £1.02 and rising Diesel is about £1.04!

If the mullahs had any brains, they'd ask to be paid in Euro's..........now that would be interesting..........

Giselle?

Seth Brundle

Del2005 wrote: »

What ever happened to competition??

www.theinvestor.ie/News/newsnovember06.html

testicle

Tauren wrote: »

as for selling Oil in €'s, you do that and you get invaided. just look at Iraq!

Oil is currently sold in US$s. I don't get your point.

I seem to remember somewhere a year or two ago that Saudi was changing from selling oil in US$ to €.

Anan1

testicle wrote: »

Oil is currently sold in US$s. I don't get your point.

I seem to remember somewhere a year or two ago that Saudi was changing from selling oil in US$ to €.

There is a theory that part of the reason for the US invasion of Iraq was Saddam's decision to start selling oil in euros rather than dollars.

Mitch Connor

Exactly, a few months before America went in, Iraq changed to selling oil in €, which makes them a little more money the selling in $. first thing america did when the 'liberated' the country was to change oil pricing and sales back to $, even though it benifited Iraq in no way.

Get my point?

what_car

draffodx wrote: »

glad to see the goverment dont mind heigthening the burden either :rolleyes:

id hate to be doing long commutes with petrol rising the way it is..
those people who moved out and bought houses in commuter towns will be hit hard..

mike65

Oil is 92 dollars a barrel, even at $1.40 to the euro, the price was going to go up at some point.

Mike.

commited

Up to 123.9 in Carlow today

fletch

Up to €1.79 on the quays in Dublin!!

slade_x

Is this a temporary markup as usual or a permanent levy?


Shouldnt a higher demand warrant a price reduction, not making it more expensive

Is diesel gone up too?

And is additional taxing indicated to cut down on oil usage in any way. ah of course not, mo money mo money mo money :rolleyes:

tad bit immature yeah:(

peasant

Diesel was 1.11 here last Monday, went up to 1.16 during the week and today its at 1.21 ...same as petrol (used to be 1.17)

Seth Brundle

fletch wrote: »

Up to €1.79 on the quays in Dublin!!

€1.79? :eek: thats taking the wee.
Danny Murray CEO of Topaz was on Newstalk this morning and confirmed that this outlet would not have its contract renewed when it is up next month. He is also on the record (from several months ago) telling people not to go there.

E92

The argument for having a paraffin stove over a petrol is getting stronger and stronger by the day.

Even though VRT makes diesels ridiculously expensive in general, 27.8% of new cars are now paraffin stoves(compared to 13.5% of new cars sold only 8 years ago), and diesel is set to get ever more popular as prices at the pumps head north.

Dalfiatach

fletch wrote: »

Up to €1.79 on the quays in Dublin!!

Allegedly, though I've heard this from a couple of people*, that petrol station gets away with it because they have a contract with a number of Government departments, whose drivers are "encouraged" to fill up there at the taxpayers expense. The owner isn't really relying on passing trade from ordinary punters, but on fleets of State cars, trucks, ambulances etc.

Yet another cosy little corrupt deal in Ahern's Kleptocracy.

* people in pubs, but they were State employees themselves, so...

E92

Dalfiatach wrote: »

Allegedly, though I've heard this from a couple of people*, that petrol station gets away with it because they have a contract with a number of Government departments, whose drivers are "encouraged" to fill up there at the taxpayers expense. The owner isn't really relying on passing trade from ordinary punters, but on fleets of State cars, trucks, ambulances etc.

Yet another cosy little corrupt deal in Ahern's Kleptocracy.

* people in pubs, but they were State employees themselves, so...

What rubbish IMO. I know you said the word 'allegedly', but thats quite a serious and libelluous allegation to have in the public domain, especially on Motors, which is one of the busiest fora here on boards.

Unless its true of course, but how are we supposed to know that?

And has anyone fogotton that there is a thing called competition for a reason?

If you don't like it don't buy it. Go somewhere else. If people are dumb enough/desperate enough to pay that amount for petrol then that's their loss. Tough poopy. Get over it.

Seth Brundle

Gardai, etc. have fleet cards and pay a Statoil flat rate!

heyjude

rowanh wrote: »

Petrol is still very cheap here..

Compared to the UK and some European countries probably, but you could hardly call €1.20 a litre cheap ! (its at times like this that the government thanks god that we switched to litres, imagine the fuss there would be if we still used gallons and you were being charged €5.40 a gallon!)

And I'll scream if any Minister has the nerve to come on the news and claims that the high cost of motor fuel is due to international oil prices, when government tax accounts for over 60% of the price at the pumps. If petrol was untaxed, it would cost about €0.50 a litre(less than the cost of bottled spring water)!

Del2005

Anan1 wrote: »

There is a theory that part of the reason for the US invasion of Iraq was Saddam's decision to start selling oil in euros rather than dollars.

Have a read of this for Petro Dollars

http://www.bitsofnews.com/content/view/6352/

@kbannon :- I know that Statoil and Shell are owned by Topaz, but I thought that Maxol where theor own people and they are saying that one of the reasons they are increasing their price was because of rivals incresing also.

Seth Brundle

I was trying to highlight the reduction in competition in the market given that the competition authority fupped up on the Shell takeover

mikemac

Controversial statement so ease up on the flaming

I remember the fuel crises in the UK a few years ago and some pundit on Sky News made an interesting comment.

People bitch and moan about a few cent/pence on a litre of fuel.
But this had to be pumped, refined, shipped and piped to get to the end user.
A lot of engineering and a lot of expense.

At the same time people are happy to pay big money for mineral water (Ballygown 500ml is €1.20 afaik). And it's hardly expensive to produce bottled water.

Yes, I know people don't buy 50 litres of water every few weeks.
But an interesting analogy all the same.