pslewis

You noticed the price of Optimax????

80p a Litre!!!!!!!!!

Thanks a lot Shell !!!!!!!!!!!!!!!!!!!!!!

Go shove yourselves - in the nicest possible way of course!!

Pete

Andrewza

Consider yourself luck, my local shell was out of optimax and I was right out of fuel, so to the esso down the road I went to pay 81.6 for Super Unleaded...

Brynweb

That's just at your local garage Pete.

Maybe the staff had enough of your obnoxious personality when purchasing your petrol?

As soon as you turn up, they turn the price board around, when you're gone, it's back down to 72p.

teknopete

Pete,

If u think they`re takin the p155, wot about up here ?
We`ve still 2 c the bl00dy stuff (an I`ll bet it`s not even
worth the w8)

L8r
Pete

ChrisG

Pete (of the Tekno variety),

We get Optimax in June.

Oh yes, and I work for the tossers

PSLewis- do you have any idea how much "Shell" get from that 80p??

Chris

Edited to ask Teknopete why he's not in bed at this hour???

[Edited by ChrisG - 4/21/2002 2:12:20 AM]

teknopete

Chris,

Insomniac mode 2 night m8
Redesigning a couple of PCBs for "Red"

Pete

ChrisG

At least I've got an excuse, working night shift
Never mind only another nine to do then quite a bit of time off

Active

Brynweb...Couldn`t stop laughing at your response!
you made my day mate...
Bob

Josh L

Why complain about Shell, when 75% of the money you pay goes to the Government? Then they're hit with a 'windfall' tax!

Oooooo, it really pays to be successful in the UK

Josh

Jza

I really hate these "it all goes to the government" muppets..... Wake up and smell the octanes dudes!!!!!

Shell were charging 4p a litre more for optimax than UL. That went up to 5p after a few months. It gets popular so they stick another 1p on for the privelage.

Now i see its 7p more expensive than UL!!

Please dont tell me its going to the government.... its not.... its a supply and demand thing.... if they can take the p1ss, like all oil companies do.... they will do.

How else do they afford to give their GM a £1.5 million bonus this year - charge the impreza drivers!!!

Nice one Pete

Jza

Robertio

iTrader: (1)

Jza, 75% of 80p = 60p this leaves a whole 20p for Shell to get the stuff, process it, distribute it, store it and sell it. I personally can't blame them for increasing it by a penny or two just so that they actually make some money on it. It you every buy any food from a filling station you will soon notice where it is that the petrol companies make most of their money from, and it isn't petrol.

Dark Blue Mark

This has been done before and there is a definate lack of knowledge for those who soley blame the petrol companies. They do actually make very little on forecourt sales. Most, if not all are franchises and make most profit from corner shop type selling, not a lot on petrol.

You forget that oil companies are now branding themselves as enegy companies, and do more than just produce petrol. They are involved in gas, solar, oils, electicity, materials (plastics from oil etc)... I have copies of one majors profit and loss accouns if anyone wants them! I think they are having to diversify to compensate for all the taxes, and lack of proit on fuels.

As an oil company you pay massive taxes to produce it, taxes to process it, royalties, taxes for selling it, then we are taxed for buying it. Then we are road taxed, taxed on tyres car parts etc... So who is really winning? I think we are fortunate any oil company still wants to operate in the UK. Imagine the loss if BP moved to the states, as they have already threatened???

MB

Trucker Ted

Is it time to get in the truck and block those refinery gates again.

Just say the word boys

ps.( not blaming the petro-chemical companies as we all know where most the money goes)


[Edited by Trucker Ted - 4/21/2002 10:43:16 AM]

Josh L

Jza,

I really object to being called a muppet by someone like you, when you are so obviously completely ignorant of the facts.

Just do the maths dopey. Given that roughly 75% of what you pay is tax, a 4p increase at the pumps translates to 1p for the oil companies, and 3p for the Government.

The price of the fuel hasn't risen dramatically since '97, when we were paying 50-60p a litre, but the tax has. I'm afraid it's morons like you who need to 'wake up and smell the roses'. You probably think the NI increase was good for the NHS, and don't realise how much of that money will end up back in the chancellor's purse due to the increased burden of employers and employees NI within the NHS.

Josh

AndyC_772

iTrader: (2)

Does anyone know whether the tax on fuel actually a percentage of the pump price, or is it a fixed amount per litre?

Given that Optimax is a low sulphur fuel, doesn't it actually attract a lower rate of duty than UL anyway, or are they all low sulphur now?

A.

nigelward

Tax on petrol is a bit of a double wammy (spelling?)

The base cost of the fuel, which includes the profit for the producing company, is taxed (don't know whether this is fixed or a percentage of the production cost).

This taxed priced is then taxed with VAT, so this part is not fixed.

So if the Gordon Brown puts up duty on petrol he also gains because the increased price then gets VAT added on top of it.

Would nice if motorists saw some of the contributions they make to Gordon Browns wallet

Nigel

polarbearit

Well I have to say I thought that optimax was launched at an artificially low price (compared with other SUL) in order to get us all addicted... Now we're hooked they can raise the price a little. As for the profitability of petrol retail, shell get approximately 15p/l, approx 5p/l goes to the retailer and 60p/l goes in tax. Now the reason shell has probably increased the difference in petrol price now is because oil prices have shot up and so NUL is increased anyway.

Also optimax prices don't tend to be on the boards making price comparisions with NUL hard without pulling in.

I'm not suprised, though petrol companies will always take the P155 with SUL as we 'can afford it'. It was frustrating to see LRP so much cheaper than SUL when essentially LRP was SUL with more additives.

Jon

Yorkie

Brynweb, well said mate. And I thought it was just me...

mbc

fyi the margin on fuel is no way near 15p per litre


mike

[Edited by mbc - 4/21/2002 2:31:28 PM]

pslewis

Brynweb, Active and Yorkie - get your fingers out of each others 4rses and stick your heads up there ok?? You bunch of fairies!!

Pete

Shark

pslewis

Hey, shark - get off my corner!!

Pete

ash1

iTrader: (2)

That optimax stuff is sh1te anyway, its suppose to be 98 ron (or better) but my P1 doesn't like it - found it stutters on the stuff. Found SUL to be best.

Shark

oh - pslewis

I sell the stuff - so up your ***

MrDeference

Haha. Funny thread.
Josh - you are wrong, check your facts. The majority of tax on petrol is duty - not levied as a percentage, but a fixed rate per quantity.
There is a VAT component, but this only equates to 17.5%, so your assertion that 3/4 of the rise goes to government is tosh.
Hugs + kisses

Gordo

I have some sympathy with the profit the forecourts/ petrol companies make (very thin margins etc) but I have little sympathy with Shell.

Near Glasgow there is a Shell garage selling super unleaded at 87p/litre whereas just round the corner BP are at 78p/litre. Now that's taking the **** (and no, it's not Optimax, hasn't arrived up here yet)

G

Reffro

Right lets get some fact here:-

Assuming your paying 80p per litre for your Unleaded fuel the breakdown of the figures goes as such;

Sale Price 80p
VAT 11.9p
Fuel Duty 48.82p

Actual cost of the fuel = 19.82 pence per litre.

From that all fuel companies including Shell, have to find the oil, drill a big hole, suck it out of the ground, ship it to a refinery, refine it, move back into storage, advertise it, and send it out to the forecourt for sale.

The profit the forecourt operator makes in about 1p per litre, the rest goes to cover all the above costs. There is little or no margin.

The fuel duty by the way is fixed not variable, the VAT is the only variable component. So even lets say the price was 70p per litre the figures are thus:

Sale Price 70p
VAT 10.4p
Fuel Duty 48.82p

Money left over = 10.78p per litre.

It seems there is only one winner when the prices increase, the government with more VAT coming in, as the oil companies take the flack for the price rise and the consumer still ends up paying throught the nose.

Gordo

Reffro

I don't understand your logic (there's only one winner when prices go up, the government).

On your maths

Price per litre 70p 80p
VAT 10.4p 11.9p
Fuel duty 48.82p 48.82p

This suggests:
Revenue to petrol co 10.78p 19.28p

i.e. when fuel is put up by 1p, 82.5% of this goes to the petrol companies. Assuming they're not loss making, this must go straight to bottom line profits for them (as the costs, unless it's oil price driven, do not change).

Gordo

Reffro

But why are they raising their prices?

The cost of crude oil is the determining factor, if that rises, on the margins they make fuel companies have to increase the pump price to cover the additional costs. And the oil prices have risen substantially over the last couple of months, due to a number of factors including the uncertainty about the situation in Israel and Iraq halting oil exports.

I know these companies make vast profits, but their not in the oil business for the good of their health, all businesses have to make a profit, which governments tax, and blow on bollox publicly funded schemes. I don't include the NHS, education, defence, social security as bollox schemes by the way, but things like Inland Revenue computer programs which don't work most definitely are.

ash1

iTrader: (2)

No wonder I don't come on the BBS anymore, full of morans like Shark.

I mean 1800+ posts and all you can say is "up yours"....

God must of loved stupid people, after all he made so many of them eh Shark ?