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With some products, there was an increase in cost last year; however, it is now or recently that the increase as been passed onto the consumer. In these cases, an increase was needed.
We have seen an increase in petrol and the government blame it on the cost of a barrel of oil and on companies like Shell and BP. If the fuel tax was not that high, considering we have to pay VAT on it as well, the cost would be a lot cheaper.
Would you like to comment on the profits oil companies are making?
That's irrelevant really. Private companies are entitled to make a profit. They invest in locating and exploring oil reserves plus run their businesses efficiently and so reap the rewards.
Where is billprice and why aren't we talking about penis snatching?
there was a brilliant article on yahoo about penis snatching in the congo (but feared it may be filed under MH stupid-type-posting), but as i settled down to work, i went on to change the thread details three times :)
Look at the bigger picture.
The party in this country is well and truly over.
There are only finite resources in this world, the developing nations (India, China, Russia) all now want a piece. Who pays? The West who have lived in relative luxury for far too long. We better get used to it, the hang over hasnt even begun yet.
We have seen an increase in petrol and the government blame it on the cost of a barrel of oil and on companies like Shell and BP. If the fuel tax was not that high, considering we have to pay VAT on it as well, the cost would be a lot cheaper.
Oil as little impact on petrol by comparison with the tax ratio of a litre of fuel
the effect is also latent
when you consider that around 40 pence per litre is the actual cost base and from that all margins are derived
You are right - they have ripped us off for years, so why would they change. However, it is unfair for them to blame the companies when they (government) make more money on a litre of petrol then petrol companies do.
Look at the bigger picture.
The party in this country is well and truly over.
There are only finite resources in this world, the developing nations (India, China, Russia) all now want a piece. Who pays? The West who have lived in relative luxury for far too long. We better get used to it, the hang over hasnt even begun yet.
Not really. The developing super powers need the west as much as the west needs them. We provide markets for their products and industrial and intellectual support.
You are right - they have ripped us off for years, so why would they change. However, it is unfair for them to blame the companies when they (government) make more money on a litre of petrol then petrol companies do.
Exactly. But now they budget for that money coming in so there's no way they could reduce the duty even if they wished to. You're perfectly right JT5.
