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| Thread ID: 139713 | 2015-06-16 00:47:00 | Oil prices | Cicero (40) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1402764 | 2015-06-16 00:47:00 | Why is it when oil prices have nearly halved on the world market, that the price remains at round $2 round here? | Cicero (40) | ||
| 1402765 | 2015-06-16 00:58:00 | We have some alot of taxes on a litre of petrol. Even if the price at the pump halved(it couldnt due to tax), the govt would increase tax to make up for lesser tax received...they've done that before . Plus the cost of petrol, to us, isnt cost + % , its what can they get away with charging for a litre :-) |
1101 (13337) | ||
| 1402766 | 2015-06-16 01:01:00 | The price of fuel is mostly made up of taxes and profits for the suppliers. Oil prices per barrel are only a small part of the price you pay at the pump. | CliveM (6007) | ||
| 1402767 | 2015-06-16 01:29:00 | Have to remember we are under 70c to the US $ so fuel at the pump is not going to be cheaper | Lawrence (2987) | ||
| 1402768 | 2015-06-16 01:31:00 | And it doesn't appear something is wrong when the price of oil doesn't reflect anything? | Cicero (40) | ||
| 1402769 | 2015-06-16 01:50:00 | It's because we like to get ripped off here. You know the story "we're a small country down the back end of no where and the cost of sending these B747 oil tankers down here every nite is expensive. We only send it by sea when the price of oil goes down" It's about A$1.42 in Ozz at present for 91 / liter.. | paulw (1826) | ||
| 1402770 | 2015-06-16 01:50:00 | The Japanese have a phrase "just in time" for purchasing raw materials, but you can't do that with oil/petrol otherwise we would be like Australia reported by UN with a critical 60 days supply. Someone on here would remember the term for "purchasing goods forward", John KEY would know, being in the finance market!!. lurking. |
Lurking (218) | ||
| 1402771 | 2015-06-16 02:52:00 | I'm with you Cicero. I think we are being ripped off by the oil companies. Downward movement in fuel prices has been pathetic. Taxes are levied as a percentage aren't they, and not as a fixed amount. | Richard (739) | ||
| 1402772 | 2015-06-16 03:36:00 | I'm with you Cicero. I think we are being ripped off by the oil companies. Downward movement in fuel prices has been pathetic. Taxes are levied as a percentage aren't they, and not as a fixed amount. Some, like GST are, but others are a set 3c per litre or whatever so won't change if the price of fuel changes. We're about to get another 3c per litre increase on the 1st of July aren't we? |
CYaBro (73) | ||
| 1402773 | 2015-06-16 03:40:00 | Its because when the oil price dropped it was around >90c/NZD exchange rate and what is it now? <70c/NZD today. fuel will probably increase a few cents this week. Goes to show how much tax we do pay on petrol when oil can drop 60% yet our petrol only drops about 20%... then goes back up. Imagine what petrol would be if the exchange rate was 70c a few years ago when oil was over $100USD per barrel. probably high $2 nearly $3 |
Gobe1 (6290) | ||
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