Price Of Oil?

[DavesSV6Tonner]

Petrol hasn't gone up here so far but Costco's 98 has dropped to $1.85. 98 at yamanto has dropped to $1.88

I paid 227.9c per litre for 91 ulp at eg fuelco virginia yesterday. Hate to think what 98 would be worth.

 

[losh1971]

Price is still below $2 a litre for 91 here and has been for a couple of weeks now. Even Coles had it for $1.96 a day or two ago. Thought the price of crude had dropped, which is why we saw price drop by 5c-8c locally?

 

[J_D 2.0]

I paid 227.9c per litre for 91 ulp at eg fuelco virginia yesterday. Hate to think what 98 would be worth.

Terminal gate price is only $1.71 currently so a gross profit margin of around 56.9 cents per litre. Yet we supposedly have a free and competitive market!


https://aip.com.au/pricing/terminal-gate-prices

 

[chrisp]

Terminal gate price is only $1.71 currently so a gross profit margin of around 56.9 cents per litre. Yet we supposedly have a free and competitive market!


https://aip.com.au/pricing/terminal-gate-prices

‘free and competitive’ to charge as much as they like, or can get away with. And we get fed the lie that competition reduces prices!

 

[losh1971]

‘free and competitive’ to charge as much as they like, or can get away with. And we get fed the lie that competition reduces prices!

Or as others have said in the past the greedy oil Co's charge what the market will bear. Competition doesn't seem to be a driving force with petrol prices. They know we need it and charge as much as they can before people are more or less forced into other options like the bus, or train.

 

[lmoengnr]

Or as others have said in the past the greedy oil Co's charge what the market will bear. Competition doesn't seem to be a driving force with petrol prices. They know we need it and charge as much as they can before people are more or less forced into other options like the bus, or train.

And the government looks the other way, as the prices go up, so does excise and GST.

 

[VZSSHawk]

I paid 227.9c per litre for 91 ulp at eg fuelco virginia yesterday. Hate to think what 98 would be worth.

Virginia, Sth Aust?

 

[JRNZER]

Ampol I drove past near work this afternoon was $2.22 for 91, The ampol close to home is now $2.07

 

[J_D 2.0]

And the government looks the other way, as the prices go up, so does excise and GST.

The excise is only revised every 6 months to CPI and doesn’t fluctuate with fuel prices. The GST component does increase (or decrease) along with petrol prices.

https://www.aaa.asn.au/fuel-excise-explained/

 

[Skylarking]

And the government looks the other way, as the prices go up, so does excise and GST.

Govco actively created a legal mechanism (world parity pricing) where the cartels bench mark to international price and thus can rip us off while paying SFA tax…

Really Govco abdicated their responsibility to its citizens by abdicated price control while claiming that competition and free trade will solve all our problems, then claimed they can’t do anything about it while cashing their substantial donations from said cartels…

So Govco don’t look away, more so they just lie about the situation of their own making while claiming they can’t do anything… it’s something which screws us each time we fill up…

I can still hear the Govco chants about unbridled capitalism, privatisation and no tax on multinationals which were to serve us well. Yeah right, we know how that worked out…