aidan Posted May 15, 2013 Share Posted May 15, 2013 (edited) BP and Shell.....price fixing on fuel for the last 10 years. Who would have thought it?? And the goverment didn't know? More like they didn't care. The higher the fuel price - the greater the tax generated. do you think they'll give us a rebate??? wish I'd get ll those receipts. Edited May 15, 2013 by aidan 1 Quote Link to comment Share on other sites More sharing options...
Bockaaarck Posted May 15, 2013 Share Posted May 15, 2013 BP and Shell.....price fixing on fuel for the last 10 years. Who would have thought it?? And the goverment didn't know? More like they didn't care. The higher the fuel price - the greater the tax generated. do you think they'll give us a rebate??? wish I'd get ll those receipts. It'll be very interesting to see what happens here, I wonder how transparent any investigation and revelations will be. It doesn't come as a surprise to me if I'm honest, the same sort of thing has happened numerous times across varied industry areas. I wonder what the legal precedent is here and how it might be used to weigh and consider any action. In reality, although the cost of fuel to us as 'the man in the street', is seen to be extortionately high. Its the tax which is really the issue. That being said, on the scale of 'rip-off's', the price fixing of petrol is small fry compared to the rigging of Libor. Quote Link to comment Share on other sites More sharing options...
Ekona Posted May 15, 2013 Share Posted May 15, 2013 I have no problem with that. I'm more pi**ed off by the taxing of a tax on the cost of fuel, what the petrol companies make is peanuts. Quote Link to comment Share on other sites More sharing options...
RS8055 Posted May 15, 2013 Share Posted May 15, 2013 This kind of thing is always happening in every sector of the business world... doesn't surprise me at all. The thing I can appreciate over here in LUX is that the government fixes the prices of fuel (amongst other things) to prevent price fixing. Fuel is sold here for exactly the same price as all competitors... currently paying around £1.14 per litre of 98 Super for the Zed which I can't complain about! Quote Link to comment Share on other sites More sharing options...
Stutopia Posted May 15, 2013 Share Posted May 15, 2013 (edited) Sorry to go all commie, but important stuff like the cost of fuel, the cost of energy, the cost of water, the cost of food, the cost of borrowing, the cost of public transport, the cost of education and the cost of healthcare should all be in the hands of the state. These should be run by the people for the people. If it means a bit more is lost to wastage than in a private sector organisation, I can live with that. I'd sooner 10% too many people are employed by the state than the money generated by saving this goes to shareholders with country estates and mega yachts in the Med. I'm off to Cuba. Hasta luego. ¡Viva la revolucion socialista! Edited May 15, 2013 by SuperStu Quote Link to comment Share on other sites More sharing options...
Paddy78 Posted May 15, 2013 Share Posted May 15, 2013 The Government would love you to believe that the high price of petrol is down to the "evil" oil companies. It isn't... as has been said before the vast majority of the cost is tax, followed by more tax. Oil companies are rich, no doubt about it, but that's because they have a finite resource which everyone wants for just about everything. 1 Quote Link to comment Share on other sites More sharing options...
cs2000 Posted May 15, 2013 Share Posted May 15, 2013 (edited) Whatever the decision, I cannot see it leading to a reduction is petrol prices on the street. As people have said before, its happened many times before, especially in the technology world. One that sticks in my head is the price fixing of LCD panels by pretty much all the major manufacturers, it didn't result in super cheap quality LCD panels afterwards. They WILL be found guilty, they wouldn't be investigating if they didn't have a reasonable cause, they will get a massive public shaming, a few top nobs will loose their jobs, someone in the government will also be found guilty of aiding and abetting as well, the oil companies will get a fine, new laws will come in and petrol will still stay well above £1.00/litre. Also (but mildly off topic), can someone explain to me why I get taxed on my pay, then the government tax the fuel which increases its price to me, and then they add VAT onto this fuel. Why am I essentially taxed 3 times to buy a litre of fuel? Edited May 15, 2013 by cs2000 Quote Link to comment Share on other sites More sharing options...
N9JAH Posted May 15, 2013 Share Posted May 15, 2013 I filled up at Shell last night. First time I been to Shell since i got 6 Ltr of fuel in the 5 Ltr can. But thought I'd try the V Power Nitro+, 142.9 I was charged. I'll be sticking with Tesco Momentoum for 138.9. I don't understand how BP, Shell & Texco fill their forecourts as there at least 3p - 5p more expesive then any rivals in the North West. Quote Link to comment Share on other sites More sharing options...
raduv66 Posted May 15, 2013 Share Posted May 15, 2013 it's actually the price fixing for oil that that's under investigation which a whole different matter as that dictates the prices for all products not just petrol.Everything in the production of plastics is based on the price of the raw materials which is dictated by the cost of oil. If there have been wrongdoings after the fines imposed i can see lots of claims coming there way from big business that have had to pay over the odds for products and materials since 2002. And then all those higher costs for products are passed onto us not just fuel. 2 Quote Link to comment Share on other sites More sharing options...
Paddy78 Posted May 15, 2013 Share Posted May 15, 2013 it's actually the price fixing for oil that that's under investigation which a whole different matter as that dictates the prices for all products not just petrol.Everything in the production of plastics is based on the price of the raw materials which is dictated by the cost of oil. If there have been wrongdoings after the fines imposed i can see lots of claims coming there way from big business that have had to pay over the odds for products and materials since 2002. And then all those higher costs for products are passed onto us not just fuel. Exactly, hardly anything is made / produced without using oil at some stage. Quote Link to comment Share on other sites More sharing options...
aidan Posted May 15, 2013 Author Share Posted May 15, 2013 (edited) Sorry to go all commie, but important stuff like the cost of fuel, the cost of energy, the cost of water, the cost of food, the cost of borrowing, the cost of public transport, the cost of education and the cost of healthcare should all be in the hands of the state. These should be run by the people for the people. If it means a bit more is lost to wastage than in a private sector organisation, I can live with that. I'd sooner 10% too many people are employed by the state than the money generated by saving this goes to shareholders with country estates and mega yachts in the Med. I'm off to Cuba. Hasta luego. ¡Viva la revolucion socialista! Cuba?? You want to head to Venezeula......less than 10p a ltr. Subsidized by the goverment for the people because they have a shed load of crude oil. Wait the now.....so DID the North sea! Thats why our prices are so high then. The goverment dont care on base line....as the higher the base is, the more they get back on tax. Simples. And if they do fine the oil majors....who gets the proceeds of the fine? And how will the oil majors respond? Put the prices up to cover the fines. Who ends up paying more? The consumer. What to do? Edited May 15, 2013 by aidan Quote Link to comment Share on other sites More sharing options...
rtbiscuit Posted May 15, 2013 Share Posted May 15, 2013 they'll get fined which will go into the govenment coffers, we won;t see a penny. the whole tax things needs an overhaul, scrap it completely and bring in a simple tax. one single tax for peoples earnings; make it a % of income. and one for companies taxing them a % of sales made. this should mean you pay tax on what you have earnt, and companies pay tax on what they have earnt. then what ever you sell or buy has already had the taxation carried out. ok you might be taxed say 40% of your income, but then everything else would be at least 20% cheaper, petrol would be 40p a litre, alchol would be back to a £1 a pint, no road tax, no council tax, no inheritance tax etc etc etc. can;t be that hard....can it? 1 Quote Link to comment Share on other sites More sharing options...
aidan Posted May 15, 2013 Author Share Posted May 15, 2013 they'll get fined which will go into the govenment coffers, we won;t see a penny. the whole tax things needs an overhaul, scrap it completely and bring in a simple tax. one single tax for peoples earnings; make it a % of income. and one for companies taxing them a % of sales made. this should mean you pay tax on what you have earnt, and companies pay tax on what they have earnt. then what ever you sell or buy has already had the taxation carried out. ok you might be taxed say 40% of your income, but then everything else would be at least 20% cheaper, petrol would be 40p a litre, alchol would be back to a £1 a pint, no road tax, no council tax, no inheritance tax etc etc etc. can;t be that hard....can it? Sounds good to me.... Quote Link to comment Share on other sites More sharing options...
Stutopia Posted May 15, 2013 Share Posted May 15, 2013 Sorry to go all commie, but important stuff like the cost of fuel, the cost of energy, the cost of water, the cost of food, the cost of borrowing, the cost of public transport, the cost of education and the cost of healthcare should all be in the hands of the state. These should be run by the people for the people. If it means a bit more is lost to wastage than in a private sector organisation, I can live with that. I'd sooner 10% too many people are employed by the state than the money generated by saving this goes to shareholders with country estates and mega yachts in the Med. I'm off to Cuba. Hasta luego. ¡Viva la revolucion socialista! Cuba?? You want to head to Venezeula......less than 10p a ltr. Subsidized by the goverment for the people because they have a shed load of crude oil. Wait the now.....so DID the North sea! Thats why our prices are so high then. The goverment dont care on base line....as the higher the base is, the more they get back on tax. Simples. And if they do fine the oil majors....who gets the proceeds of the fine? And how will the oil majors respond? Put the prices up to cover the fines. Who ends up paying more? The consumer. What to do? I nearly went to Venezuela when I was in Colombia, the gringos coming out there though were saying its a bit dodge for tourists. I got the fear and chickened out. It's on my radar though :-) Quote Link to comment Share on other sites More sharing options...
jell36 Posted May 15, 2013 Share Posted May 15, 2013 Also (but mildly off topic), can someone explain to me why I get taxed on my pay, then the government tax the fuel which increases its price to me, and then they add VAT onto this fuel. Why am I essentially taxed 3 times to buy a litre of fuel? It's so the UK appears to be more competitive than it is and so you don't think about how much tax you are paying most of the time. If they did it all as one tax reduction direct form your wages then it would be something like 53% instead of 20% (or 40% above the limit) and so the 20% keeps people more deluded. All in all you pay the same but is someone said they were taking half of your wages then a lot of poeple would seriously complain whereas by taxing at different stages it keeps a lot of poeple quiet as they don't sit down to work out the total tax they pay. 1 Quote Link to comment Share on other sites More sharing options...
elfman Posted May 15, 2013 Share Posted May 15, 2013 They wouldnt take the tax right from your wage because unemployed people wouldnt get taxed. They do the way it works now Quote Link to comment Share on other sites More sharing options...
aidan Posted May 15, 2013 Author Share Posted May 15, 2013 Sorry to go all commie, but important stuff like the cost of fuel, the cost of energy, the cost of water, the cost of food, the cost of borrowing, the cost of public transport, the cost of education and the cost of healthcare should all be in the hands of the state. These should be run by the people for the people. If it means a bit more is lost to wastage than in a private sector organisation, I can live with that. I'd sooner 10% too many people are employed by the state than the money generated by saving this goes to shareholders with country estates and mega yachts in the Med. I'm off to Cuba. Hasta luego. ¡Viva la revolucion socialista! Cuba?? You want to head to Venezeula......less than 10p a ltr. Subsidized by the goverment for the people because they have a shed load of crude oil. Wait the now.....so DID the North sea! Thats why our prices are so high then. The goverment dont care on base line....as the higher the base is, the more they get back on tax. Simples. And if they do fine the oil majors....who gets the proceeds of the fine? And how will the oil majors respond? Put the prices up to cover the fines. Who ends up paying more? The consumer. What to do? I nearly went to Venezuela when I was in Colombia, the gringos coming out there though were saying its a bit dodge for tourists. I got the fear and chickened out. It's on my radar though :-) If you do go be careful.....esp at night. Some areas can be like the wildwest. Also change your dollars when you get there. A massive difference on the black market!!!! or so I was led to believe . Quote Link to comment Share on other sites More sharing options...
Yampiedog Posted May 15, 2013 Share Posted May 15, 2013 I am already planning on claiming back for 36000 miles of verifiable mileage in my MG that I have done in six years of owning her... í ½í¸˜ Quote Link to comment Share on other sites More sharing options...
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