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Manx petrol amongst cheapest in British Isles


AcousticallyChallenged

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1 hour ago, Non-Believer said:

And as the price goes up it also gathers a windfall in VAT for Treasury...

It does not make any real difference to our VAT take.

It is calculated by a dodgy GDP figure now which works massively in our favour, for a reason, I may add, keeps the IOM a place to hide money solvent.

Our entire economy is financed by this overpayment.

When Labour get in again we will be fuc8ed

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5 minutes ago, AcousticallyChallenged said:

We don't, but, since it was introduced across, their fuel has been notably more expensive.

I wondered if the ethanol played into the cost difference. Or whether it is just artificially held high in the UK.

I would guess we are using up the no ethanol fuel in the system, UKs, at a good price.

Once thsat is used up we will resume normal pricing differences.

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8 hours ago, Max Power said:

This is getting very strange indeed! Like the gas issue, there doesn't appear to be a shortage of either, the price is being forced upwards due to market speculation rather than anything else. 

There is no increase in the costs of the actual supply, the servicing of we, the customer, the costs of infrastructure etc. Yet there is obscene profiteering by the likes of Manx Gas, and fuel wholesalers, the government, in increased taxation due to higher pricing. This is how we are being forced to pay for Covid and all of the waste connected with it!

Absolutely but it's not just Covid, it's spread across all Govt excess and bloat and Govt will be in no hurry to relinquish the extra tax take, indeed it's been stated in previous UK Budgets that "windfalls" have been due to fuel tax receipts on the back of higher prices.

And you can guarantee that once the consumer has been "conditioned" into paying the higher prices there'll be no requirement for them to come down to their previous levels, although they may fall slightly. It's a speculators and profiteers dream, every time, a "captive market".

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7 hours ago, Boris Johnson said:

I would guess we are using up the no ethanol fuel in the system, UKs, at a good price.

Once thsat is used up we will resume normal pricing differences.

It's intended to keep no-ethanol fuel as an alternative for older and ethanol non-compliant vehicles but it will be available at a premium price, rather like super-unleaded is now, vs standard unleaded. However it may take some time for ethanol fuel to be adopted on IoM due to transport and storage infrastructure requirements. Meaning we will be left with the more expensive option only.

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interesting to note from the inflation figures that petrol and oils have increase 0.3% since January.  

 

Whilst housing, water, electricity, gas and other fuels have decreased the exact same amount: Jan 153.8 Feb 153.5

 

Creative economists?

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On 3/15/2022 at 4:01 PM, Happier diner said:

https://www.bbc.co.uk/news/business-60737256

Will this fall in price hit the pump price as quickly as the price rise did?

You have to be joking,  that has never happened in the history of the motor vehicle.  And it never will, however the least hint that a barrel of crude will go up by 1 US dollar garage owners will get up at two in the morning to make sure the Ltr price is increased by 10p. 

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