BP and Shell raided for price fixing.

Resident said:
What a lot of people don't seem to realise is that it's not just the petrol companies ripping us off, the government are in on the act too. They apply duty to the fuel THEN apply VAT. So you're paying VAT on the duty, Literally taxing a tax!

If the VAT was applied BEFORE the duty then fuel would be around 11.5p/litre CHEAPER.

I hope this EU investigation goes beyond the firms and includes this.
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Where does the EU get its money from?

Oh.
 
Wouldn't be all to surprising if this was true I mean they have a lot of power/control and wealth and not much we can do about it. Sad thing is even if it is found to be true we won't see any of it, not as if we all have petrol receipts we can hand in and claim back the money they charged us they shouldn't have, won't see a single penny.

And squarehead94 I am 28 now I started driving when I was around 19/20 and use to put the Esso super unleaded in my old car and that was around 8xp per litre then so wasn't really that long ago. In the space of around 7 years seen it almost double.

I actually bought a mountain bike last weekend as I live so close to work I can cycle in and only takes around 5-7 minutes. I didn't spend much on fuel anyway but this should pay for itself pretty quickly.
 
FeFiDoh said:
Wouldn't be all to surprising if this was true I mean they have a lot of power/control and wealth and not much we can do about it. Sad thing is even if it is found to be true we won't see any of it, not as if we all have petrol receipts we can hand in and claim back the money they charged us they shouldn't have, won't see a single penny.

And squarehead94 I am 28 now I started driving when I was around 19/20 and use to put the Esso super unleaded in my old car and that was around 8xp per litre then so wasn't really that long ago. In the space of around 7 years seen it almost double.

I actually bought a mountain bike last weekend as I live so close to work I can cycle in and only takes around 5-7 minutes. I didn't spend much on fuel anyway but this should pay for itself pretty quickly.
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More likely to do with that, and the increase in fuel duty (which I can't find a graph for).
 
Used to run a small independent petrol station. 10 years ago petrol and diesel were around 69/71 pence a litre, and red diesel around 30 p/litre. Last year it was been sold for around 1.38-1.44 p/litre for unleaded and diesel and 85-90 p/liter for red diesel!
 
A state organization did an investigation in the states in to oil price fixing and the oil industry only a few years ago, i remember watching some of the hearings on cspan. The main oil companies had some of their top economists in front of some bureaucrats asking them questions. One asked who sets the price of oil. One guy volunteered to answer, he basically said that the text book perfect answer, the answer is set by the market by sellers and buyers or something to the effect. The price at the pump has little direct connection to the price of oil crude. The petrol at the pump would have been bought as crude many months before and is dictated by availability and transportation costs.

i think this was the hearing but i am work now can't watch it, this was when oil price went up to $140 a barrel. I don't see what people are complaining about it, in a few years it will only get worse. What we should be complaining about it the fact that tax payers paid £ billion to invade iraq to steal the oil, only for private companies to claim it all and then sell it to china and other countries instead of getting the uk a good deal on the stolen crude.

 
Will we get an investigation into the sky high petrol taxes that drove most of the increase since 2002?
 
We've been paying too much for Petrol recently, this is shocking news that I certainly was not aware of. Bad oil companies, bad.
 
Resident said:
What a lot of people don't seem to realise is that it's not just the petrol companies ripping us off, the government are in on the act too. They apply duty to the fuel THEN apply VAT. So you're paying VAT on the duty, Literally taxing a tax!

If the VAT was applied BEFORE the duty then fuel would be around 11.5p/litre CHEAPER.

I hope this EU investigation goes beyond the firms and includes this.
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Whether the duty % is higher or VAT is applied on the duty isn't really relevant, tax is tax. It's not like this information isn't freely available to anyone who's interested.
 
Dolph said:
Will we get an investigation into the sky high petrol taxes that drove most of the increase since 2002?
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Who would 'investigate' such a thing? Isn't it quite transparent as to what the Governments taxation policy was?

Not quite the same as trying to investigate private cartels is it?
 
Biohazard said:
Who would 'investigate' such a thing? Isn't it quite transparent as to what the Governments taxation policy was?

Not quite the same as trying to investigate private cartels is it?
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If we are focusing on the consumer, then looking at the activity of the public cartel that is the state is at least as important as the activity of the private ones...
 
Dolph said:
If we are focusing on the consumer, then looking at the activity of the public cartel that is the state is at least as important as the activity of the private ones...
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The EC is investigating claims of price fixing by way of distorted submissions to the reporting agency by private energy conglomerates.

That has nothing at all to do with clearly publicized taxation policies, or your anxiety and hatred arising through naked fear of the State.
 
Tom_ed1987 said:
All garages should publicise the total % tax alongside the headline cost/litre.
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Why? It won't change anything. Remember when the lorries went on strike because petrol went above £1 a litre, that was only 4-5 years ago. Now petrol has been above £1.40 and won't be long until it is back above £1.40.

It's going to keep on going up too. It'll be really interesting when we start using more oil than is being produced. If western society hasn't collapsed like every other prime society of past eras (greek, romans, etc) in 30 years time then it'll probably be at £5 a litre.

Of course none of this would be an issue if renting and house prices weren't so expensive. People would just be able to move closer to where they worked with less agro and use a lot less fuel.
 
I think the investigation is in to how the eu and state governments can generate more tax, i think they feel that they have been cheated out of some tax. If the petrol chains stopped price fixing then they would have more revenue to tax.
 
Biohazard said:
The EC is investigating claims of price fixing by way of distorted submissions to the reporting agency by private energy conglomerates.

That has nothing at all to do with clearly publicized taxation policies, or your anxiety and hatred arising through naked fear of the State.
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The cited increase in pump prices for petrol are post repeated tax rises...

For the consumer, both are a source of concern, given that they have had no choice about either. more double standards from you.
 
Dolph said:
The cited increase in pump prices for petrol are post repeated tax rises...

For the consumer, both are a source of concern, given that they have had no choice about either. more double standards from you.
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One of them however is out in the open, mostly transparent and completely legal whilst the other is secret, obfuscated and illegal. The differences are quite obvious and trying to turn it in to yet another crusade against the state makes you look like an aplogist for illegal business practices.
 
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