Red Diesel

jools · 10 April 2003, 11:35

Well I see Mr Brown has put it up by 1p a liter

Is that better than expected? - I know there's been some speculation that it may go up to match the tax on petrol - or is that a EEC thing?

Any comments from the smelly lot?

Jools

(only jealous!)

Brian · 10 April 2003, 12:42

I understand that the amount of tax the UK Chancellor is allowed to charge is strictly controlled by the EEC.
Red diesel is a special, very complex deal, done by the UK with the EEC, which trades off against other, non-fuel things. It is only allowed to last a few years-till 2006 I believe.

Jonny Fuller · 10 April 2003, 14:17

OH Bugger!, I understood it was 2009!

Brian · 10 April 2003, 14:48

Hey, Jon, if it comes to ANYTHING technical, ignore me, it probably is 2009.
It's a sod though that we can't even define our own tax rates!

Another interesting line of thought is why does it cost 11.5p (litre)in Scrabster but 38p plus in a S. Coast marina.
Same stuff, out of the same tanker, with the same tax on it.

Bet Manos can answer that one!

Alan · 10 April 2003, 15:10

Do you recall the bloke at the tanker at Scrabsters response to your query about a bulk discount?

"Aye, If you buy twenty thousand litres!"

Jonny Fuller · 10 April 2003, 15:25

No, I don't understand it either, in 98, diesel in cowes (bp, by the chain ferry) was 19p/litre(86p/gallon) all season, now I think it's around 27-30,
the cost per barrell, I believe, is not that much higher now, and the tax is the same, so why the huge increase? and that particular fuel berth is one of the cheapest in the area.

seems to me, like fibreglasss costs, resin/CS/woven, when the demand outweighs the supply, the price goes up, but when they catch back up with production, they forget to reduce the price back to previous "status quo" , I reckon all these "short supply" situations are engineered to disquise the increases, bastards!!!

Brian · 10 April 2003, 21:29

Jools,
Just read in my paper today that the cost of red diesel is set to rise "BY INFLATION PLUS 1p" !!!
i.e. you can bet your b*m that the jetty price will rise by more than 1p.

Richard B · 10 April 2003, 22:46

Mmm, looks like the RYA have achieved something...

2006 for full tax on red diesel, except for marine use where the exemption extended 'till 2007.

http://www.rya.org.uk/Legal/currentI...ntentID=607807