PETROL COSTS....

[mv.senna]

Hi there,
i got an email today, which i thought i'd pass on:

It's been calculated that if everyone in NZ didn't buy a drop of petrol for one day, the oil companies could possibly choke on their stockpiles.

At the same time it would hit the entire industry with a net loss at the current prices of $1.50 per litre (30 litres for a full car tank; 15 litres for the average bike) so, up to $45 x a conservative estimate of 2 million cars on the road that would equate to $90 million dollar loss (1 day) to the oil companies, and hit their profit margins.

Therefore, September 5th has been informally declared "stick it up their butts day".

Motorists of NZ should not buy a single drop of petrol that day!

Waiting on this Government to step in and control prices is not going
to happen and there is an Election coming so why not throw them into a
panic. Both parties have refused to remove the extra .05c surcharge
introduced on 1 April this year.
>
We can make a difference for one day and if they don't get the message
maybe we can do it again. Or maybe they will come up with even more
ridiculous reasons to justify their increases.
>
> If you are sick of this manipulation vote with your car and do not buy
> a drop. Spread the word and mark the date on your calendars.
>
> PLEASE FORWARD THIS ON TO EVERYONE YOU CAN!!!!

[Jonty]

Hi there,
i got an email today, which i thought i'd pass on:

It's been calculated that if everyone in NZ didn't buy a drop of petrol for one day, the oil companies could possibly choke on their stockpiles.

At the same time it would hit the entire industry with a net loss at the current prices of $1.50 per litre (30 litres for a full car tank; 15 litres for the average bike) so, up to $45 x a conservative estimate of 2 million cars on the road that would equate to $90 million dollar loss (1 day) to the oil companies, and hit their profit margins.

Therefore, September 5th has been informally declared "stick it up their butts day".

Motorists of NZ should not buy a single drop of petrol that day!

Waiting on this Government to step in and control prices is not going
to happen and there is an Election coming so why not throw them into a
panic. Both parties have refused to remove the extra .05c surcharge
introduced on 1 April this year.
>
We can make a difference for one day and if they don't get the message
maybe we can do it again. Or maybe they will come up with even more
ridiculous reasons to justify their increases.
>
> If you are sick of this manipulation vote with your car and do not buy
> a drop. Spread the word and mark the date on your calendars.
>
> PLEASE FORWARD THIS ON TO EVERYONE YOU CAN!!!!

Although a good idea in theory, I think you will find that even if we managed to get everyone in NZ to do this, people would just ensure they filled up the day before!! If it works however I am all for it

[Sniper]

Bugjuice posted that already. Thanks though.

[James Deuce]

A much better idea would be for everyone to queue for public transport. I mean everyone. Guarantee that would get the attention of every corporate and every government agency responsible for some chunk of NZ's economy and transport systems.

I bet that 80% of the workforce would be unable to get to work in time to do even a half day.

That would illustrate the end result of making petrol too expensive for the average Joe to use the car to get to work without having a viable alternative in place.

[mattt]

Crock of shit. People would over compensate the day before / day after.
The only way (as mentioned a kajillionmazillion times before) to fuck the gas companies is to boycott 1 station, and 1 station only. Then they'd realize the people have the power. But NZ'ers are too stupid to do it.

[Jonty]

Crock of shit. People would over compensate the day before / day after.
The only way (as mentioned a kajillionmazillion times before) to fuck the gas companies is to boycott 1 station, and 1 station only. Then they'd realize the people have the power. But NZ'ers are too stupid to do it.

Agreed. On another note it still baffles the shit out of me looking out my window and seeing the hundreds of god damned SUV's driving past each morning with soccer mums dorpping kids off at school. Why the hell is a SUV needed in the city for gods sake

[The Stranger:Me]

How would boycotting one station or brand affect the price of petrol.
What is it you would hope to achieve by doing this?

[Slingshot]

The thing that guts me about petrol prices is the GST.


When we were paying $1.10 per litre, the GST component was 12.2 cents per litre.
Now that we're paying $1.50 per litre, the GST component is 16.7 Cents per litre.

It may not seem like much, but the difference of 4.5 cents per litre of GST adds up pretty quick so it's the government that's making the money out of the price hikes.

Consider this: Assuming a difference of 4.5 cents per litre for GST

• A car with a 60 litre tank is paying $2.70 more in GST.
• A service station filling 100 cars per day, $270 more in GST.
• Lets say that across the country 100,000 cars fill up their 60 litre tank, that's $270,000 in extra GST that the government can add to their coffers.
• Note National

[Slingshot]

How would boycotting one station or brand affect the price of petrol.
What is it you would hope to achieve by doing this?

The idea behind that is if everyone boycotted BP for example, BP would freak out and lower their prices to attract customer to buy their fuel. In turn, the other oil companies would lower their prices to match BPs price and retain the customers.

It'll never work and if it ever did it would only work for a short amount of time!

The key is to cheaper petrol is lowering the tax, and the tax on the tax (GST).

Or start filling up with recycled vegetable oil.

[mattt]

.....seeing the hundreds of god damned SUV's driving past each morning with soccer mums dorpping kids off at school. Why the hell is a SUV needed in the city for gods sake

When I have kids - they'll be driven round in a SUV. With all these homo boyracers and generally shit drivers around, they'll be safer in a SUV than a toymota car-roller...

[crshbndct]

our petrol price is no worse than anywhere else in the world
oil is just expensive nowadays.

[Warren]

that's $270,000 in extra GST that the government can add to their coffers.[/list]

Nope. GST is a flat rate on everything. If you spend more on pertol then the gst paid to the govt remains the same because you would have spent the money on something else which would have had GST in it. Any change to the GST laws is a stupid idea, different GST rates will create loopholes and more red tape for businesses.

[wkid_one]

The thing that guts me about petrol prices is the GST.


When we were paying $1.10 per litre, the GST component was 12.2 cents per litre.
Now that we're paying $1.50 per litre, the GST component is 16.7 Cents per litre.

It may not seem like much, but the difference of 4.5 cents per litre of GST adds up pretty quick so it's the government that's making the money out of the price hikes.

Consider this: Assuming a difference of 4.5 cents per litre for GST

• A car with a 60 litre tank is paying $2.70 more in GST.
• A service station filling 100 cars per day, $270 more in GST.
• Lets say that across the country 100,000 cars fill up their 60 litre tank, that's $270,000 in extra GST that the government can add to their coffers.
• Note National

Thank you for so eloquently explained how percentages work....

The thing that annoys me is that in last nights leaders debate - Cullen was asked if he would reduce the petrol excise tax - to which end he said no as they would have to then reduce hospital and education spending........now weren't we told that tax derived from petrol went back in to transport?!?!?

42.3% of every dollar we spend on petrol goes to tax...taking a comparison with other countries.....we sit quite reasonably if you take a raw NZD conversion (obviously things doesn't allow for cost of living, average wage etc....)



It has been forecast we will see $2/l in the medium term - and most are forecasting a 35% increase in fuel prices.....

[Slingshot]

Thank you for so eloquently explained how percentages work....

Anytime.

Nope. GST is a flat rate on everything. If you spend more on pertol then the gst paid to the govt remains the same because you would have spent the money on something else which would have had GST in it. Any change to the GST laws is a stupid idea, different GST rates will create loopholes and more red tape for businesses.

I disagree...for a couple of reasons.
If we didn't pay GST on petrol tax, we would have more money to spend on other things, and yes, those other things would have a GST component but that's beside the point, the fact is that you could choose to spend that money on something else!
I could choose to put the extra GST collected into my mortgage for example.

[campbellluke]

I don't seem to get too upset about the government tax on fuel. Probably because I am a Labour person. If the tax is removed, then the tax will be added somewhere else.

Only thing was that I prefered the Regos at $290 per year. Rather than ACC reducing their levy taking it from $275 to $230?? - Following that putting a 5c per litre ACC tax for petrol. Every year from now it will be adjusted for inflation.

If you use 20x35 ( 700 litres ) of fuel on your motorbike each year. 7000kms-14000kms I guess. You are worse off. So I guess that ACC is the only thing I have a beef with.