Petrol Price crisis......

[Vesper Martini]

Petrol is dropping and Diesel staying the same!
it absurd have diesel 30-40c more than Petrol

[GASWAGON]

Originally Posted by Vesper Martini

Petrol is dropping and Diesel staying the same!
it absurd have diesel 30-40c more than Petrol

Sure is considering so many Road Transport Trucks run Diesel plus Adblue for some.

This is part of the reason food costs have risen so much recently.

[simon varley]

Originally Posted by MITCHAY

Of course they will. Always quick to go up and slow to come down. The servos aren't going to cop the hit on fuel they have already paid full excise for

serious question. who pays the excise and when? is it really the servo when they buy in the fuel, or paid in arrears on what they sell?

[simon varley]

Originally Posted by mick taylor

Ukraine is a total BS story anyway,

yes but not for the reasons you state. the price of crude has gone up sure, but nowhere near record levels, and yet pump prices are higher than ever?

don't forget - all the fuel at the pumps was bought at the lower crude price. even the next lot that's still on ship on the way here. And if anyone thinks they oil companies actually pay anywhere near the spot price then think again. The next six month's supply price has already fixed on the futures market way before any war

22c cut on excise is not to be sniffed at, but the real problem is the oil companies profiteering here, not the government overtaxing us.

and I can't even believe I'm saying that.

[MITCHAY]

Originally Posted by mick taylor

And after 6 months ? it will go up past 44c/L ?
And if Russia and Ukraine problem is solved then the 20c off will go back into swing back to 44c/L directly.

Ukraine is a total BS story anyway, all kicked off and totally created by Biden the biggest fool USA President ever by far, everything he touches becomes a total full on mess.

Australia can not afford to take 20c off for one month let alone 6 months. Dose anyone know what loss that amounts to in $ lost to the ATO.

It is set to expire in September. But excise is also indexed to CPI twice a year generally in February and August. We simply don't know until after the election what will happen with excise except that it will revert to the 44c unless they do something else.

The estimates have this cost at $3b for the 6 months. It is breadcrumbs in the total budget.

Originally Posted by simon varley

serious question. who pays the excise and when? is it really the servo when they buy in the fuel, or paid in arrears on what they sell?

Paid at the wholesaler level, not at the pump though the pump price will factor it in. Not sure how it is paid but the excise is the cost at the time they buy it.

Hence why they generally won't pass on the cost saving until that fuel is used. It would be a huge writeoff they would have to cop.

But it will surely go up quick because it is all profit

Essentially the bigger the turnover of the tanks, the quicker it is likely to go down.

[GASWAGON]

91 down to $1.75 at a few servo's already.

What a relief!

[Late braker]

Filled up with 98 at 188.7 today

[simon varley]

no drop in diesel at all yet. I guess that reflects the slower turnover at most servos

[FoxtrotGolfXray 5.0]

91 remains at mid to high 190s here in eastern Vic. Thankfully, I don't use 91. And rarely use 98 these days.

[Interceptor]

whats got me is how many people are stupid enough to believe that:
1: the government is doing anything except buying votes
2: the government is the reason the price went up

[fordomatic]

20cents cheaper a litre is $12 saving for a 60l tank.

I don't get why everyone is excited over the 20cent drop? All that's going to happen is in 6 months the price will sky rocket.

The only people laughing right now are the oil companies. Crude hasn't even even hit record prices yet, it's not even that close.

[Franco Cozzo]

Was speaking to some random old bloke in Taree at the motel I was at, he said one of his customers fuel costs has increased by $1.75M per month just on the higher diesel prices.

We're all wearing that at the counter when you pay for goods at the shops.

If anything this should be a proper kick in the *** to everyone about the importance of fuel security and alternatives.

I don't agree with the drop in excise, its a vote buyer that hurts us more than it benefits.

[T3rminator]

How come diesel hasn't dropped?

Originally Posted by Franco Cozzo

its a vote buyer that hurts us more than it benefits.

Quite a worry that as little as $10-$20 saving at the pump could actually buy votes.

[Franco Cozzo]

Originally Posted by T3rminator

How come diesel hasn't dropped?



Quite a worry that as little as $10-$20 saving at the pump could actually buy votes.

That's because Australia is chock full of politically apathetic people, the average person is a moron, and that includes me

I guess it's just the result of having life so 'easy' for so long, people aren't aware of how global issues can effect us locally.

I reckon we're pretty similar to Americans, particularly people from Melbourne, the world stops outside of Melbourne metropolitan area.

Had an interesting discussion from people from Eastern Europe, Croatian and Polish people, they said they've never met people so clueless as Australians, we don't want much but we also have zero clue about the world outside of our coasts.

[MITCHAY]

A lot of people forget fuel prices were only lower because of Covid in the first place. They initially had more supply than demand for fuel for passengers.

So as the demand increased, we needed more supply. Well the OPEC cartel controls this and keeping supply low jacks up the prices either deliberately or because they need people to actually do it.

While the war between Ukraine and Russia will add pressure for sure, it was always on an upward trajectory. Inflation generally is and it shouldn't increase prices overnight. The fuel here in the system has already been bought.

It's all a vote buying, this whole ****en budget is. The government said themselves that cutting excise won't achieve anything. Then they back flipped and did it anyway because we're in a cost of living as well as a khaki election now and the budget position did improve quite a bit so they can absorb that excise cut easy.

Unless we produce our own or hold significant reserves, we have **** all influence on fuel prices especially since all our fuel is seaborn supply. Almost all our transport to deliver goods is by road.

I can go in deeper on the accountancy tricks but thought I'd keep to topic.

[Ben73]

Originally Posted by Franco Cozzo

Was speaking to some random old bloke in Taree at the motel I was at, he said one of his customers fuel costs has increased by $1.75M per month just on the higher diesel prices.

We're all wearing that at the counter when you pay for goods at the shops.

If anything this should be a proper kick in the *** to everyone about the importance of fuel security and alternatives.

I don't agree with the drop in excise, its a vote buyer that hurts us more than it benefits.

What the hell is his customer running?
I'd like to know how much trains have increased their fuel budget by. I know in the Hunter Valley they assume worst case scenarios of about 3000L/100km. It's more like 1800L/100km on a normal day.

[Sprintey]

Originally Posted by Franco Cozzo

the world stops outside of Melbourne metropolitan area.

I believe that one was actually enforced not so long ago
Jokes aside, those of us outside it, far from reveling in uncrowded surf, found that everybloody with the now-compulsory spare time took up the pursuit and we were even more crowded than when Melbourne came down visiting. Be careful what you wish for is the moral I guess

[T3rminator]

Inner east, ULP now $1.70.

A sleven owner once told me that their 98 was fixed to be 16c more than ULP. Well that's gone out of the window it seems. Still paying $1.90 to $1.95 for 98.

[Dr Terry]

Guildford (Sydney) Monday 4th April E10 @ 152.9c/L. !! That's a big drop.

Dr Terry

[Vesper Martini]

Originally Posted by simon varley

no drop in diesel at all yet. I guess that reflects the slower turnover at most servos

servos dropped the price of unleaded at the time the excise cut was announced, ie before the stations could bet a fresh supply.

diesel not so - so does the excise Not apply for the diesel?

[johntolhurst]

We are surely clueless as a mob, but unlike Americans, most of us at least have a passport. ��

Put another $200 worth of go go juice in the Krautwaggen today.. damn it feels good to be alive !!

[burnz]

156.9 cpl at west Gosford 3 days in a row

[T3rminator]

$1.65 "special" unleaded at Mobil, inner east. Didn't stop over to check out the 98, but I'm guessing it'll be around 1.80.

Brent hovering around $110, so looks like excise cut is having its desired effect.

[MITCHAY]

Last time I filled up was $231.9.

I usually fill up when I get down to a 1/4 tank but then I thought **** it, drain this tank and live on the edge

Filled up with 98 at $198.9 so the excise cut is definitely filtering down

[JasonACT]

$196.9 with my 4c discount in Tuggers. I'd still like BP 98, but at 207.9 (and no discount) they can bugger off.

[MITCHAY]

Originally Posted by JasonACT

$196.9 with my 4c discount in Tuggers. I'd still like BP 98, but at 207.9 (and no discount) they can bugger off.

Lol Tuggers life. **** is so expensive these days I'm keeping that 4c voucher.

[JasonACT]

Well, I've spent a lot of time on the Gold Coast, and South Brisbane in the past 30 years... But yeah, came to Canberra in '74 at age 2 "and a bit" - moved to Kambah in '75... And there was nothing more south than my house, as a 3yo.

Not sure I could afford Kambah now though, but Tugger's life, where I am now, isn't so bad, really.

[fordomatic]

So cheap in Melbourne, paid 157.9 last night

[roddy1960]

We are seeing $2.14 again for 95 .Put $50 in the AU yesterday. My local and only servo (AMPOL) has 98 , 95 and 91 .,

95 which I use in the AU and 98 in the XR6 has been high $2.20's to low $2.30s here . Not grizzling because for lots of places prices are highish all the time but hopefully one day the 95/98 here will be under $2 again ...