How long until we see €2 a litre and will it push more to EV's faster?

_Kaiser_

Up to 2.04 locally now from 1.99 last night. At that rate the Government's "give back" will be wiped out by the end of the weekend.

Leonard Hofstadter

I don't see how it is the Government's fault if the fuel retailers are not passing on the savings to customers. I'm all for blaming them for stuff they have done or failed to do (like the ridiculous hikes in VRT on new cars that aren't EVs or PHEVs), but if they've brought in reductions in excise, then they've listened to what we're saying. Yes they could reduce the duty by more, and maybe they will have to eventually, and yes they absolutely shaft the motorist in every possible way they can, but there is no magic money tree out there, and they have done something positive (for once).

The blame for not passing the reductions (if they are not passed on) has got to lie with the fuel retailers. I frankly don't understand why fuel prices have risen at the rate they have not withstanding the increases in the price of crude.

Well if it makes no difference the government should just leave it as is? Would that stop the complaining?

https://www.boards.ie/discussion/comment/118755679#Comment_118755679

It's blatant profiteering. Might be the distributor or the local seller or w/e but someone is making 100%+ profit on the stuff they bought over the last few weeks.

GandhiwasfromBallyfermot

https://www.boards.ie/discussion/comment/118755380#Comment_118755380

Only a bit of rain lads, ye won't melt.

Dempo1

https://www.boards.ie/discussion/comment/118755735#Comment_118755735

No bits of rain were I am, gale force winds and driving sleet and and rain , I'd be nervous driving in this weather, let alone cycle 🙃

dalyboy

Passing by a small garage I got a full tank of diesel yesterday for €1.915 per lt. A mere 2 miles away I saw another garage selling diesel at €2.059. (8% more expensive) A full 14 cent differential. There’s no excuse other than down right profiteering going on in some garages.

What I’ve noticed is the bigger their retail / deli / facilities/ fast food operation etc the more chance their fuel will be more expensive. I personally will drive out of my way to avoid these rip off operations and will support the smaller chains. It’ll be interesting to witness what happens once this excise duty reduction embarks.

fryup

fek sake!!! 20 & 15c off - what good is that?? it goes up that much in a day ffs!

can they not suspend excise completely for a week or two 😐️

Dempo1

https://www.boards.ie/discussion/comment/118755877#Comment_118755877

I'm sure I heard on Scare Byrne fuel went up €.022 cent per litre in one day recently 😳

whippet

https://www.boards.ie/discussion/comment/118755877#Comment_118755877

how much would suspending excise for a couple of weeks cost the exchequer - and where would you propose they raise that revenue from to make up for it ?

https://www.boards.ie/discussion/comment/118755913#Comment_118755913

If we’re being told to move to electric vehicles, isn’t that going to cost the exchequer? They’re committed to losing out on duty on fuel anyway.

Hellrazer

As soon as the cut in excise duty was announced the prices around here went up by 14-20 cent per litre - price gouging at its best!!!

One place went from 199.9 to 220.9 - exactly the 20 cent reduction we`re supposed to be getting.

Disgraceful from fuel retailers.

whippet

https://www.boards.ie/discussion/comment/118755965#Comment_118755965

it will .. and the change will take time .. so while excise revenue declines there will increases in other taxes elsewhere to make up for it over the next decade or two .... you couldn't just do it overnight.

road_high

https://www.boards.ie/discussion/comment/118755554#Comment_118755554

Who would have seen that one coming? Such a useless shower of idiots

whippet

https://www.boards.ie/discussion/comment/118756000#Comment_118756000

so what is the solution? People have been calling for a reduction in excise for weeks. The government can only control the level of excise .. they can't tell an independent retailer what they can charge ?

Danzy

https://www.boards.ie/discussion/comment/118755913#Comment_118755913

They could reduce it so as to keep it around 1.90, they'll still be ahead on revenue, still giving s buy signal to switch to more fuel efficiency or renewable but protecting the wider economy.

If this keeps up there will be an almighty recession, and they are not cheap.

fryup

https://www.boards.ie/discussion/comment/118755913#Comment_118755913

they could introduce a porn tax, anytime anyone logs on to a porno site they're charged 20c a min - too much filth on the web anyway and that might curb it - kill two birds with one stone so to say

whippet

https://www.boards.ie/discussion/comment/118756020#Comment_118756020

So they would have to keep changing the excise every day to stay inline with the markets or will of the retailers? So if oil was to drop in value the retailers would keep margins up to make sure they keep it at €1.90 etc. The more a government manipulates in a marketplace the worse off the consumers are.

road_high

https://www.boards.ie/discussion/comment/118756012#Comment_118756012

The solution is obviously the VAT rate but apparently our “government” is so impotent now they need Brussels approval to even do that- this is a special circumstance, an extraordinary situation- I can’t get understand why they can’t agree to a special exemption on fuels only for the moment. It’s not like anyone is going to die if VAT is reduced..

Another mechanism they could bring in as suggested here is cap the VAT rate to €1.50 or so and after that level no vat. 23% is a huge whack.

But there’s no will to do anything creative- just the usual tinkering around for optics. The hallmark of this shower really

road_high

The nature of the announcements is even ridiculous, they couldn’t even get that right- why not give minimal notice to service stations- it’s a flat rate reduction and I assume excise is paid like vat to revenue. All it did was allow time for price gouging

Danzy

Now that stopping Russian oil is on the cards, it's only a matter of time before 150 to 200 dollar oil is hit.

Petrol will be going up each day regardless of 20c.

Having site issues, but regarding the 'war time economy' aspect of all this. Yes.. BUT a key component of a war time economy is that there is high availability of low (or no) cost labour. If the gov want farmers to plant x amount of oats or whatever all of a sudden, they need to supply labor or at the very least subsidize labor to help the farmers out. Similarly with manufacturing... if they want companies to switch products or boost production or whatever, they need to supply or subsidize the labor to make this happen.

WishUWereHere

https://www.boards.ie/discussion/comment/118755966#Comment_118755966

Name & shame?

https://www.boards.ie/discussion/comment/118756038#Comment_118756038

EU law enforces the standard rate of VAT on petrol. The solution is obviously not the VAT rate. If the government make the standard VAT rate 0% tomorrow, which they cannot do, then there will be zero VAT income from luxury goods, services and the many many economic activities that attract this VAT rate. Then you'll be giving out that the government are making cuts because they have much less tax income and therefore have to cut spending. So stop with your nonsense when you clearly have absolutely no idea what you are talking about.

VAT is also charged on excise. So a 20c reduction in excise should actually lead to a 24.6c reduction in the price at the pump.

firemansam4

Dry Arch Letterkenny now 219.9 for Diesel...

whippet

https://www.boards.ie/discussion/comment/118756038#Comment_118756038

it's not the solution as has been explained a few times on here

road_high

https://www.boards.ie/discussion/comment/118756236#Comment_118756236

We are not absolutely wedded to these laws- if you actually listened to what I was saying instead of a rant about what can’t be done you would see I mentioned making a special exemption for fuel due to the extraordinary nature of the circumstances- they would appear reasonable to me. What really is the point of government if all they do rubber stamp from Brussels.

I love people like you- devour and dismiss anyone that had the temerity to offer solutions but offer absolutely zero yourself - apart from a list of what can’t be done and why

whippet

https://www.boards.ie/discussion/comment/118756303#Comment_118756303

you can't make a 'special exemption' - this just isn't possible. Part of being in the EU is having to abide by rules that are in place. Of course we could have a referendum, vote to leave the EU .. spend a couple of years negotiating an Irexit and then we could do what we liked with the VAT on fuel .. but by then I don't think it will be topical

We are wedded to them, it's part of our EU membership.

Your proposals will never happen, so you're wasting your time calling for it.

Standard VAT, at 23% in Ireland, is charged on petrol. Its not possible for the government to say they will waive VAT on petrol for a week/month/whatever.

I'm dismissing your solution, because it isn't a solution.