EU to hike Diesel prices???

atech

Just bought a new car at the weekend, a diesel , and then heard this on the way home from work

Link

Anyone got any more info; if passed will it come into effect straight away?

Bullseye1

Is the EU trying to kill off whatever is left of its economy. The more you read on these guys the more I wonder if you belong in the EU anymore. And this is coming from a pro-EU supporter.

RichardAnd

Diesel is currently going for 10 cents less per litre than petrol, according to the national average on pumps.ie. The EU has a penchant for conformity so it that extends to the shape and colour of carrots thus, I would not be surprised if they wish to see all fuel costing the same. Of course, petrol prices could be lowered but hey, god forbid that.

Farmer Pudsey

Diesel prices wil creep up over the next few year's. In the refinery system gas is taken out at top, next is aviation fuel, then petrol, followed by diesel, at the bottom of the refinery systen is the heavy oils, vasaline (petroleum jelly) and greases.
At present we are trying to get as much as possible diesel out of the refinery system as it is used in cars, trucks, tractors, heating systems ans alot of other machinery so the demand is creeping up.
Petrol over the next few years will not rise in price as much diesel because of the demand

PS I drive a diesel car.

Tigerandahalf

Any hope they will invent a car we can put turf in?

NIMAN

Not allowed to cut turf any more sure!

Fr Tod Umptious

Farmer Pudsey wrote: »

Diesel prices wil creep up over the next few year's. In the refinery system gas is taken out at top, next is aviation fuel, then petrol, followed by diesel, at the bottom of the refinery systen is the heavy oils, vasaline (petroleum jelly) and greases.
At present we are trying to get as much as possible diesel out of the refinery system as it is used in cars, trucks, tractors, heating systems ans alot of other machinery so the demand is creeping up.
Petrol over the next few years will not rise in price as much diesel because of the demand

PS I drive a diesel car.

Back in 2008 diesel crept above petrol in price, they above was given as the reason, i.e demand and production costs

Then there was the big global slump in late 2008 and both prices fell heavily.

Since then petrol has remained above diesel in price.

If the above analysis is the case then why is diesel still 10c cheaper ?

Cuddlesworth

Fr Tod Umptious wrote: »

Back in 2008 diesel crept above petrol in price, they above was given as the reason, i.e demand and production costs

Then there was the big global slump in late 2008 and both prices fell heavily.

Since then petrol has remained above diesel in price.

If the above analysis is the case then why is diesel still 10c cheaper ?

"In 2007, 21 per cent of the new cars sold were diesels. This year that figure is 71 per cent(2011)."

A similar change is happening across the world as fuel prices rise combined with low mpg petrol cars and tax systems make it cheaper to run diesel. But as the ageing Petrol cars are retired there is going to be a strong demand in one particular fuel which is guaranteed to create a strong price rise.

creedp

Fr Tod Umptious wrote: »

Back in 2008 diesel crept above petrol in price, they above was given as the reason, i.e demand and production costs

Then there was the big global slump in late 2008 and both prices fell heavily.

Since then petrol has remained above diesel in price.

If the above analysis is the case then why is diesel still 10c cheaper ?

As far as I know they is a lower level of carbon tax levied on diesel that petrol. Not sure how much this contributes to the overall difference. In other countries diesel is more expesive than petrol, isn't it the case in the UK?

Gurgle

I thought Diesel was sold cheaper because (traditionally) its used more in large commercials than cars so mostly sold in larger quantities.

creedp

Gurgle wrote: »

I thought Diesel was sold cheaper because (traditionally) its used more in large commercials than cars so mostly sold in larger quantities.

I could be wrong but I seem to remember when the 'carbon taxes' were levied on petrol and diesel, a lower level was applied to diesel because it is a lower CO2 producing fuel in cars, i.e. diesel cars emit less CO2 per km than petrol equivalent and accordng to the Greens reducing CO2 was the holy grail!

The_Honeybadger

creedp wrote: »

Fr Tod Umptious wrote: »

Back in 2008 diesel crept above petrol in price, they above was given as the reason, i.e demand and production costs

Then there was the big global slump in late 2008 and both prices fell heavily.

Since then petrol has remained above diesel in price.

If the above analysis is the case then why is diesel still 10c cheaper ?

As far as I know they is a lower level of carbon tax levied on diesel that petrol. Not sure how much this contributes to the overall difference. In other countries diesel is more expesive than petrol, isn't it the case in the UK?

Im sure that i also Read lately that the base price of diesel is actually higher and that it is only cheaper due to lower levies to please the haulage lobby. If it rises above the price of petrol it'll be an awful slap in the face to those that paid a premium for diesel cars over the past few years. I recently bought a new car and coulnt get over the price difference between used diesel and petrol models of the same make, up to 4000 quid on an 07. The garage told me that diesels are hardly depreciating at all while nobody wants petrol cars any more. Mad.

sbsquarepants

The prices of both are largely artificial insofar as they are comprised of an awfull lot of taxes and levies. I can't recall the exact amounts but it's in the region of half the sale price or more. Supply and demand is only half the story, government policy is the other half and lets face it they aren't in a giving money back mood!

sandin

Gurgle wrote: »

I thought Diesel was sold cheaper because (traditionally) its used more in large commercials than cars so mostly sold in larger quantities.

Nope

Diesel is a commodity just like unleaded petrol. They are boith derived from oil but need refining.

The price of refined fuels is made up of the raw material cost (oil) and the refinery costs. Refinery costs change with demand with diesel having a lower refinery premium in spring & summer and petrol having a lower refinery premium in winter.

Hence in winter when diesel is in high demand (power stations, commercial trucking, heating oil) the cost of diesel is about 20% higher than petrol before any taxes are added. In Ireland there is a 9c difference in taxes between petrol & diesel, so in winter the after tax price of diesel is close to the afer tax price of petrol whereas in spring & summer there is up to 10 c difference.

atech

Very little info on the national media but found some more info on this site:

www.thefreelibrary.com/Europe+pushes+plans+to+hike+diesel,+coal+taxation-a01612448394

EU taxation commissioner Algirdas Semeta said the target date for adoption after negotiations with the states and the European Parliament would be 2013 -- but that industry would get until 2023 to adapt.

I take it this means if we don't hike it next year we can't start to get fined until 2023 correct?

antoobrien

atech wrote: »

Very little info on the national media but found some more info on this site:

www.thefreelibrary.com/Europe+pushes+plans+to+hike+diesel,+coal+taxation-a01612448394



I take it this means if we don't hike it next year we can't start to get fined until 2023 correct?

The carbon tax is higher on diesel than it is on petrol, so I'd say we'll have to see what is actually proposed before we guess at how the government will deal with it.

It might happen that we are already complying with this new proposal, so the government might not raise taxes on diesel (and pigs might fly too).

atech

The vote appears to have been opposed- was getting myself worked up over nothing it seems.

Parliament-opposes-phase-out-of-diesel-tax-advantage

n97 mini

Diesel gets a tax break at the pumps in this country regardless of who is buying. It should be ended for ordinary motorists and taxed at the same rate as petrol, as it is in the UK.

Bullseye1

n97 mini wrote: »

Diesel gets a tax break at the pumps in this country regardless of who is buying. It should be ended for ordinary motorists and taxed at the same rate as petrol, as it is in the UK.

No it shouldn't:D

n97 mini

Bullseye1 wrote: »

No it shouldn't:D

In that case owners of petrol cars should get grants, or some form of free money.

Bullseye1

They do if you buy a new petrol car. Cheaper road tax.

creedp

n97 mini wrote: »

In that case owners of petrol cars should get grants, or some form of free money.

No thats all reserved for the EV's

Bullseye1

Bullseye1 wrote: »

They do if you buy a new petrol car. Cheaper road tax.

?

Bullseye1

RoverJames wrote: »

?

Poor joke.

creedp

atech wrote: »

The vote appears to have been opposed- was getting myself worked up over nothing it seems.

Parliament-opposes-phase-out-of-diesel-tax-advantage

I'm sure the well paid spin doctors will be looking at this result on their ipads and are already writing a memo to Minister on a novel new way to raise more fuel duty. We can sell it as Govt wanting to ensure solidarity amongst all drivers in helping our economy in there dire times. Should be worth a bonus for thinking outside the box!!