1P a liter is he having a laugh

[davey_driver]

From Todays novinite online news in Bulgaria

Novinite:
Bulgaria’s Cabinet made an agreement with Lukoil Bulgaria, the largest Bulgarian fuel producer, that the company will place a one-month moratorium on the increase of its gas and diesel prices.

The talks came into being after early last week car marches across the country protested recent fuel price hike.

Bulgarian PM Borisov said that the one-month moratorium agreed with Lukoil was not a market mechanism but that he used his authority to negotiate it because the state of the Bulgarian economy and the end consumer are highly important for his Cabinet.

In addition, the government is planning several other measures to rein in fuel prices including an amendment of the Renewable Energy Act that will abolish temporarily the obligation of the producers to include a small percentage of biodiesel in the diesel they sell. This measure is expected to reduce the diesel prices by BGN 0.06, and to take effect in 2-3 weeks, and will be in force by the end of 2011.

By restructuring the State Reserve, the government will reduce temporarily the amount of fuel that companies are obliged to keep on stock, which is also said to drive down the end consumer price.

Thus, by the end of April 2012, Bulgaria will no longer have fuel on stock for 60 days, as it is at present, but for 50 days. By the end of April 2011, the minimum required amount will be fuel on stock for 40 days. After that, between April 2012 and April 2013, the fuel stock will be increased again to be enough for a period of 60 days.

The State Reserve measure is expected to drive down fuel prices by about BGN 0.14, Finance Minister Djankov said.

Basically if the Bulgarian president can negotiate with an Oil Company then surely the UK could too?

Last week 1 ltr of diesel was 2.60 BGN Petrol was 2.45 BGN per litre, this week the price is 2.46 and 2.37 respectively and this does not take into account the above report which has not come into force yet.

As a guide, the current exchange rate is around £1.00 = 2.25 BGN

In another report the president answered critics who stated the tax should be lowered, his reply stated that the EU has set a minimum tax rate which he cannot deviate from although admittedly its obviously less than the UK has set.

One thing I noticed when reading the budget statement is that the fuel duty increase has NOT been cancelled it has simply been put back 6 months, and next year the UK will see 2 increases, the budget statement was in PDF format available from the BBC News website, so make the most of the 1p cut as your going to pay even more in 2012

[davey_driver]

The Saxmachine:
and you know full well they won’t remove ni and if thy do it will go on your tax.

The governments plan is to abolish NI Contributions and stick it on tax to prevent future labour governments using the NI contributions as an extra source of income, its also stated that by putting it onto the tax rate it will save smaller companies administration costs by simplifying the calculations.

In reality, the condem government can then increase taxes stating its the Health service part that its going to and nobody will question it, so you can be sure that before the end of this parliament NI contributions WILL be done away with and a higher tax rate introduced

[davey_driver]

The Saxmachine:
Time to move abroad. At least you have an idea of what you are paying for in taxes

Council Tax £25.00 PA
Road Tax for villages £10 PA
Vignette for Main Roads £35 PA
Car Insurance (Corsa any driver) £60 PA
Fuel Petrol currently around £1.10 per litre Diesel around £1.16 per litre (Estimated)
Cigarettes £2.20 a pack

Lots and Lots of sunshine & potholes Lol

But I wont be rushing back to the UK

[carryfast]

ajt:
Folk can rabbit on blaming the government but who are the ones who’s been lumping the price of a litre up over 20p since the turn of the year EVEN THOUGH the cost of a barrel is at the same level as 1998 or something daft■■?
Your oil companies with their 400 trillion pound plus annual profits thats who!

As for hard times in general, its Labour scum who got us into this mess and its the current guv who are having to prevent us turning into another Iceland! Folk have such short memories

Depends if you think that the previous so called Labour government was actually Labour in anything other than name.But considering that it’s the oil companies who produce the stuff then surely they’ve got more right to earn more for producing it than the government takes in tax on it.

But the States are probably in more debt than Iceland but they have’nt seen the need to tax road fuel at British rates.Yet.But if they do you can bet that they would’nt vote for the same government next time.

[bewick]

Your right there Carryfast me old mucker,its not and never has been the Oil cos. fault as circa70% of the cost of fuel is Tax,and there is Vat on the duty! which IMO has always been diabolical.The Chancellor could cut 20p off a litre but the country is that skint he couldn’t afford to!! And we are shelling Libiya at £180000 a pop!!! I think its time we sent you to 'ave a word in Gaddaffi’s “shell like” instead of him waving a green flag I bet you’d have him waving the white one in no time!!! Cheers Dennis.

[ajt]

Has the coalition Government risen the tax on fuel since coming to power? I don’t think so but Labour certainly did !!

The cost of a litre has been climbing to crazy levels this year. Its only the oil companies who have been pushing up the price and the cost of a barrel is not at record levels so why are they doing it? To maximise profits and please share holders

[schrodingers_cat]

If you vote labour you get Tory, if you vote Tory you get Tory, if you vote Lib Dem you get Europe, there is no choice now.

I prefer the Toryish govt. we have now because they are basing their policy on reducing the deficit, I personally owe nobody anything and have based my life on that and I think that saves money as there is no interest to pay. After all I do not like the idea of any of my hard earned wages paying off a bank that is lending me someone elses, or even my own money.

If when the deficit is brought down to a sensible level they do not take the pressure off my balls I will rethink my next vote as should we all.