Who gets what when we buy petrol

[f6xer]

Originally Posted by vztrt

The governement is now giving 38 c/pl rebate to comapnies that use fuel for their business. This includes diesel, natural gas, petrol....

The government was giving the rebate when petrol was under $1/lt. so explain to me how every transport business is going say profitable with prices so high. The transport industry can only absorb so much!

[OldManGhia]

Mygripe about fuel prices is the way that discounting suddenly finishes acouple of days befor a holiday period. How convenient. Or this one, price of oil goes up, the next day the pump rice goes up. Oil price goes down but pump prices don't go for more than a week or more.

My car is dual fuel and LPG prices are based on a contract price in Saudi (Saudi Aramco contract price) which is adjusted on a monthly basis. This contract price has dropped back to Sept 05 prices yet gas is still at least 5c a litre dearer than it was in Sept 05. There is no excise on LPG hey but guess what there will be from 2010 when it will start at 2.5c and increase by 2.5c a year until 2015.

[JPFS1]

Originally Posted by AU98C-Wagon

Mygripe about fuel prices is the way that discounting suddenly finishes acouple of days befor a holiday period. How convenient. Or this one, price of oil goes up, the next day the pump rice goes up. Oil price goes down but pump prices don't go for more than a week or more.

My car is dual fuel and LPG prices are based on a contract price in Saudi (Saudi Aramco contract price) which is adjusted on a monthly basis. This contract price has dropped back to Sept 05 prices yet gas is still at least 5c a litre dearer than it was in Sept 05. There is no excise on LPG hey but guess what there will be from 2010 when it will start at 2.5c and increase by 2.5c a year until 2015.

I believe there is excise on LPG, just less as it's energy index is lower than petrol/diesel. IIRC, WA is the only state where the fed. excise doesn't apply to LPG, it applies under the conditions you described above.

[GOLDIE]

Originally Posted by MoreHPformyXR6

In Australia, the percentage break up shows that from $1.39 per litre, 50.9c goes in tax, the actual product cost is 77.9c and the retail margin 11.1c.
(note state goverment gets 10% gst receipts) I note in the US @ present its about $1.03 per litre $AUS & the govt take less than 20c in the litre & retail margin is 4.2c.
So the govt keeps saying they can do nothing but they can if the just reduce there take.

I am not sure where you get your info from but i know that retail margin is not 11.1c per litre.

More like 2.5 c per litre. the oil companies are making a killing on the fuel prices.

Retail is at the bowser.so the servo's only make 2.5 c per litre.

Ian

[OldManGhia]

Originally Posted by JEM

I believe there is excise on LPG, just less as it's energy index is lower than petrol/diesel. IIRC, WA is the only state where the fed. excise doesn't apply to LPG, it applies under the conditions you described above.

There is no excise at the moment on LPG. A quick search of the internet will prove that. I said in my earlier post that it would start in 2010, well it actually starts in 2008. Check out this article from The Age which has a table of fuel excise rates for the various fuels.

http://www.theage.com.au/articles/20...336966222.html

[JPFS1]

Originally Posted by AU98C-Wagon

There is no excise at the moment on LPG. A quick search of the internet will prove that. I said in my earlier post that it would start in 2010, well it actually starts in 2008. Check out this article from The Age which has a table of fuel excise rates for the various fuels.

http://www.theage.com.au/articles/20...336966222.html

Happy to be corrected.

My brain seemed to merge 2 documents that i had read, one about LPG in WA and one about the decision in 2003 that excise would be applied to LPG at a later date.

[4.9 EF Futura]

Originally Posted by f6xer

Next thing you know the average working Aust. wont be able to pay for their morgage let alone fuel in their car.

Without sounding like too much of a pr*ck, if the average working australian cant absorb a few interest rate hikes then the average working australian is overgeared. I point the finger at banks and financial institutions who lend MASSIVE ($300k+) amounts of money to people who they know will be doing it tough upon a rate rise - because most people i know will sacrifice whatever is needed to keep the mortgage payments coming.

Back in the day they used to lend 30 or 35 percent of your gross income. Now its all calculated on a "surplus income" basis, based on ABS data. They assume someone can live on $100/week. Suffice to say - a lot of people who cant afford to service debt are being lent money. The banks dont care because people are borrowing more than 80% of the value of the home and the bank's exposure is therefore covered by mortgage insurance (at the home buyer's expense).

Ultimate responsibility must rest with the borrower tho. Surely when someone signs a loan for $300k over 30 years - they know that the current interest rate environment (VERY VERY LOW) wont last forever.

And talk about timing - the RBA announced this morning that the target cash rate will be lifted 25 basis points to 5.75.

Must... resist... economic commentary.... but... petrol pricing may be a blessing in disguise. Yes it will feed into product prices but hopefully short term inflationary pressure takes a little bit of money out of our pockets in the short term and slows the economy down, prohibiting the need for further rate rises in the near future.

[vztrt]

Originally Posted by f6xer

The government was giving the rebate when petrol was under $1/lt. so explain to me how every transport business is going say profitable with prices so high. The transport industry can only absorb so much!

When the GST was introduced the rebate was at 17clpl than it was increased to 18.5cpl.

July 1st it's at 38cpl. so thats better than a kick in the teeth. Transport companies have lower running costs. At more than twice what it was thats a pretty good deal.

[MoreHPformyXR6]

Originally Posted by f6xer

I stiil think the government could buget a exise decrease to help ease the pain at the pump. I own a small buisseness and I am at a knife edge when comes to increasing my prices. If every buissiness is feeling the heat then price hikes across the board are likely. This inturn will push up intrest rates as well. Next thing you know the average working Aust. wont be able to pay for their morgage let alone fuel in their car.

I agree i think the goverment should reduce the exise. As i said in my first post when i started this thread why pay a touch over 50c a litre in taxes. Fill up with 60 litres & you have just paid $30 buck in tax. A tax on a tax exise is 38c a litre then we pay 12c gst on that. Howard said that gst was a wonder tax that got rid of all this little other taxes. We dont pay GST on grocerys that are essential isnt petrol essential? The least the Howard Goverment should do is reduce the exise.

[marcosambrose]

Australia has such an obundence of Gas, just make the whole australian car industry based on LPG, just like brazil and ethonal.

LPG is sluggish and slow i know, but theres nothing that the engineers at Holden and Ford cant do, as we have seen many many MANY times before.

/end think i know all post.

[cwhast]

Originally Posted by vztrt

Beside the fact that the states have a population of over 250million and we only have 20million you can see why the government take so much tax (yet you'd expect that they would use it too actually fix the roads).
But with the large surplus the government has and now that the government says that they paid our foreign debt you would think they would at least reduce the excise about 10c/litre to give the motorists some slack.

US population = 295 million + 11 million illegals.
I agree, it would be nice to see the govt actually fix the roads. They are crap, and so are the roads . Our government hasn't paid off it's foreign debts (and is decades away from it). Costello was jumping for joy in announcing Australia has paid off its own account deficit, but he conveniently left out the fact our foreign debt is upwards of half a TRILLION dollars ($509b, 2005 est, source:CIA) and steadily climbing. :

[cupic]

But seriously - why is it only a problem now? Why werent you demanding less tax when fuel was 70c/L?

There has been a movement in the price of the resource and you expect the government to do something about it? Yes?

OK, let's drop the excise. Fuel goes back to $1/L. Oh, oil is approaching $80, pump prices are back at $1.40. Now what?


UK pays 50.9 PENCE per litre. Netherlands - the dutch government receives 66% of the price of a litre of fuel. Japan, germany (and most other EU countries) all have much higher fuel excise that Australia. So why not mention them the next time you are quoting USA petrol prices as well?[/QUOTE]


At current prices UK petrol is @ 91p or $2.20 p/l

[GRNKPR]

Australian Musclecar Mag

[fmc351]

The spirit of Ned Kelly lives on.