petrol prices going up ?

vectrahed

sorry if this is in wrong section

but


I have just heard that petrol is going up by 8cent a ltr as from tonight midnight

is this true ? you know how rumors can go

RichardAnd

vectrahed wrote: »

sorry if this is in wrong section

but


I have just heard that petrol is going up by 8cent a ltr as from tonight midnight

is this true ? you know how rumors can go

first I've heard of it. Have you any source?

vectrahed

RichardAnd wrote: »

first I've heard of it. Have you any source?

nope! just heard from a friends mother that it was going up from midnight

Dannyboy83

Petrol was at €1.50 per litre in most of Southside Cork today.

The frog in boiling water theory means we do nothing.
Put it up 8c in 1 go and people might do something.

Scofflaw

vectrahed wrote: »

sorry if this is in wrong section

but


I have just heard that petrol is going up by 8cent a ltr as from tonight midnight

is this true ? you know how rumors can go

2-3 cent, not 8: http://www.newstalk.ie/2011/uncategorized/5petrol-and-diesel-prices-to-rise-again65/

cordially,
Scofflaw

sh1tstirrer

3 cent a litre when old stocks run out.

gurramok

I did hear it was going up 3cent on the Radio Nova news. Its been 1.50 at my local garages till now. Again, this and along with the USC tax is going to rein in people's spending.

dan_d

Unrest in Libya..that's why
Heard this on the news last night, couldn't believe it. But the petrol stations around us had been inching their prices up literally all day....changed by a cent every few hours.
Is that the whole reason though?
Very very annoying....we drive in France regularly, and while petrol prices are very high, we know the French don't pay anything near the level of road tax/car tax that we do.
I am asking myself more and more why I am still in this country......why I'm hunting for a job only to find myself paying a load of tax to the Gov, for nothing that will benefit me. (irrelevant, I needed a rant:o)

ei.sdraob

Considering that 2/3rds of the cost we pay at pump is composed of taxes and taxes on top of taxes
A small rise in base oil price (this time around due to political events in middle east/africa) lead to a much larger overall rise at the pump.

Of course look at the bright side we get to save the environment and create more unemployment :rolleyes: its a win win

donkey balls

At present our stocks from the fuel farms at Dublin port have run dry,So we are geting fuel from the terminals in cork what I want to know is where is our 90 day reserve that we pay for through taxes on fuels.?:rolleyes:

Faith+1

dan_d wrote: »

I am asking myself more and more why I am still in this country......why I'm hunting for a job only to find myself paying a load of tax to the Gov, for nothing that will benefit me. (irrelevant, I needed a rant:o)

+1 My thoughts exactly.

Amhran Nua

donkey balls wrote: »

where is our 90 day reserve that we pay for through taxes on fuels?

Probably the same place as our 30 10 5 day power reserves.

Dannyboy83

http://www.independent.ie/national-news/big-shock-for-drivers-as-price-of-petrol-hits-euro150-a-litre-2566908.html

The incoming government should cut excise on fuel, as the levy swallows 70pc of the final price at the pumps, he said.

Filling stations had a very low margin on fuel prices, and a study by the National Consumer Agency showed there was no profiteering in the struggling sector, as reduced demand also hit sales of food and other products in service station shops, Mr Griffin said.

Many stations could not even afford to fill their tanks fully because this costs €54,000 each time

Have to say, I find that very surprising indeed.

I notice the British are considering reversing some of the tax take on fuel.
I hope the incoming FG finance minister will do likewise.

We now pay 50% more for fuel than we did 3 years ago, when our salaries - gross and net - were higher.
Madness.

[rant - skip to closing tag if not interested]

The 1 bright side for the government is that people have less instances to notice the atrocious conditions of our roads. Myself and my partner used to travel frequently enough around the Republic before the cost made it prohibitive.
Thankfully shes been back in work since the start of the year after a long drought, so last weekend, we decided to go to Waterford for the day, something we hadn't done for probably 2 years.
Suffice to say, she spent a good chunk of the journey ripping the piss out of me about the state of the roads compared to her native country Lithuania - a country where the roads were built by the Red Army and which have a reputation for having more holes than Swiss Cheese!.
Jokes aside, some of the roads were very dangerous indeed.

I probably wouldn't care so much if we weren't paying so much motor tax/fuel duty etc.
http://www.potholes.ie/county-league-table.html

As I far as I'm concerned at this point in time, taxation in Ireland is nothing short of theft and the Irish government are the biggest obstacle to Irish people in trying to lead a productive/fulfilling life.
We get nothing in return for what we pay.
We simply do not benefit from our taxes.

After years of working and paying tax, when she was unemployed she got no JSA and no assistance from this state, despite me being paying huge tax throughout the period she was unemployed.
I'm paying €164 every 3 months in motor tax and god knows how much more in fuel duty, yet the only decent roads left to drive on anymore are tolled roads!

[/rant]

Either we pay the taxes and we get the services, or we don't get the services but we don't pay the tax.

They are going to have to start ring-fencing some of our hard earned money and actually spending it where it's supposed to be spent.
The current situation is theft.

dan_d

Could not agree with you more.

And your rant is very,very accurate (coming from a land of potholes in North County Dublin, which have multiplied since Christmas and which nothing has been done about...still...to say nothing of the pathetic excuses for ramps through the middle of the town, which have been worn down to hole-ridden bumps that have the potential to seriously damage your car).

We need ring fencing and accountability for our taxes.End of.

iPlop

Oil prices have gone up 16 dollars in the past month and if the turmoil in the middle east continues we can expect it to rise further ,looks like Saudi Arabia is next

iPlop

Bloomberg 200 dollars barrel March 11

ei.sdraob

ah the newspapers are regurgitating their 2008 headlines again I see

RichardAnd

What I don't understand is what has kicked off all this hastle in the middle east/north africa. Gaddafi has been in power for decades so what is that finally kicked off a rebellion? I think it's a little more than Facebook.

Regardless, the global reliance on oil is the largest elephant in the room. Without a stead stream of oil, the financial problems of the world would go away because a far larger problem would have taken their place. Perhaps, and I'm not one to be overly pessimistic, humanity is reaching it's Malthusian limit.

The upside of this is that anyone unemployed wouldn't need to worry about getting a job if the oil ran dry. A shot gun and lots of ammo would be far more useful.

ei.sdraob

RichardAnd wrote: »

humanity is reaching it's Malthusian limit.

We keep hearing argument for "peak this and that" since the days of Malthus and probably running back all the way to the stone age (which didnt end because they ran out of stones :P )

like 2008 we are entering yet another period of speculators going mad on speculation

if anything the revolutions in north africa and middle east are great for the long term, since free and democratic states are better for stable business than autocratic dictators
while we in the west are busy clamping down on liberties the people in these countries are paying in blood for more freedom

s_carnage

The thing is, for every 3cents of a rise in petrol 2c of that is going to the government. Can't understand why they can't have a set tax per litre for the year in the budget and that it stays the same throughout the whole year.

Dannyboy83

RichardAnd wrote: »

What I don't understand is what has kicked off all this hastle in the middle east/north africa. Gaddafi has been in power for decades so what is that finally kicked off a rebellion?

Based on what I've read - A combination of the rising cost of food and the realisation that 'they kicked out their dictator, we can kick our dictator out too!', i.e. contagion

It started with the cost of food apparently tho.

bijapos

Current average petrol price: 149.9
Current Vat: 26.02c/litre
Fixed Duty: 59.622c/litre
Government take: 85.64c/litre
Cost before tax & duty: 64.26c/litre
Retailer & distributor margin (est): 11c/litre
Base petrol price (est): 53.26

http://www.pumps.ie/FAQPricesExplained.php


Whatever the reasons for the current price its about time that the Government introduced a strategy to wean us off our economic dependence on revenue raised from taxes on various fuels, be it petrol, diesel, home heating oil or whatever.

We should try to learn from our mistakes on our dependency in the last decade on taxes related to the construction industry, be it stamp duty or whatever. Noonan would do well to try to introduce a more flexible sytem of taxes on fuels to keep them at a max of 1.40 or 1.50 for the forseeable future. How exactly he does this I dont know but suffice to say that fuel costs are slowly getting out of reach of the average family.

th3 s1aught3r

Its not just oil thats going up. Food prices are moving higher every day. Add to that the knock on effects that high oil prices has on costs of energy and heating and travel and it looks like these effects could dampen growth forecasts worldwide

donkey balls

I filled up the other evening and it cost around 600e if the prices keep going the way they are not only food stuff will rise in price,Alot of people dont realise that over 90% of our exports go by road most things we purchase wether it be food 0r other house hold items from the local shop/super market have at one stage been tansported by road.
What we could see is some form of a fuel surcharge being introduced like some airlines have done in the past on goods&services.

ei.sdraob

th3 s1aught3r wrote: »

Its not just oil thats going up. Food prices are moving higher every day.

The two are related...

lud

th3 s1aught3r wrote: »

Its not just oil thats going up. Food prices are moving higher every day. Add to that the knock on effects that high oil prices has on costs of energy and heating and travel and it looks like these effects could dampen growth forecasts worldwide

http://www.zeitgeistmovie.com/

Everything is explained in those movies, why this happens, war, everything. First part from 2007:
http://www.youtube.com/watch?v=0kHhc67GopM
It really opens eyes!

ei.sdraob

conspiracy theory forum is a more suited placed for neocommunist propaganda films

lud

ei.sdraob wrote: »

conspiracy theory forum is a more suited placed for neocommunist propaganda films

I lived in cummunist country and you cant be more wrong. But it's not the right place to argue.
The topic is about rising petrol prices and the explanation of this IS in the movie.

Idbatterim

the roads here are fantastic in comparison with what they used to be, the motorway network here is now very comprehensive, dont we have the largest amount of motorway km per head of population in europe? The road network per km here in general though is massive per head of population... Id be the first to criticize here and I have been all over Europe, but the roads here given the fact that we are a small island with a tiny population, is pretty impressive considering.

erictheviking1

the cause is greedy speculators. Simple as.These greedy cnuts should be jailed for holding the world to ransom. Libya produce a small amount of the worlds oil. Opec countries have said they will increase production to keep supply steady and prices stable. that should be it! End of the story.
However, its not working that way.:mad: Because of speculators.
#what really bugs me is the way we are treated like muppets:
Example:World Oil prices go down but they don't drop at the pumps...We are then told that oil supplies are bought 3 months in advance and we are paying for oil at prices from 3 months ago.
When the likes of Libya's oil supply is affected, price at the pumps go up straight away:(, even though by their own logic prices shouldn't rise at the pumps for 3 months:mad:.
The ordinary Joe gets screwed,meanwhile its win win for speculators, the oil companies, the governments.
Roll on the revolution!

ei.sdraob

yep speculators are the cause yet again plenty of supply being hoarded and witheld by speculators

this is yet another pump and dump (no pin inteded) operation in place