LPG Price hike

[M 80NGO]

Evening boys n girls, do any of you nice people know anything about an alleged 19% price hike on LPG as a mate of mine is considering buying a bongo and running it on lpg ?

Thanks, Peter.

[bongodonkey]

News to me.....

I run on gas and that would make it uneconomical to drive on!

Hope not.......

[g8dhe]

There is this document http://www.hmrc.gov.uk/tiin/new-clause-fuel-duty.pdf
see the last entry in the table on the second page that indicates
current 0.3161£/Kg going up to .3734£/Kg that is a rise of (0.3734-0.3161)*100/.3161= 15%
From 1st Jan 2013, this is the delayed tax rise from August this year.
Oh and unleaded petrol is going up by about 5%.

[bongodonkey]

The average round my end is 75.9. So we are looking at about 10.75p going onto that.

Effin joy unbounded......

That means petrol rumbles up to about 140 - 143 per litre.......even worse.

Good old rip off Britain ...

I'm sure I've some money somewhere that can be taxed twice over again.....

Where's the exit?

[scanner]

Do you LPG users really expect the current subsidy to carry on for long?
LPG at the moment enjoys a massive artificial concession on the rate of duty over other road fuels - the Govt. is looking for ways of raising money and anyone getting away with paying less than anyone else is an easy target.

[Simon Jones]

They should increase the tax on veg oil while they're at it. Share the pain

[mikeonb4c]

They should increase the tax on veg oil while they're at it. Share the pain

I think the marketeers got there first ha ha

[bongodonkey]

One of the reasons that LPG is much cheaper is that it's v.low on emissions. Also the gas is a 'happy' by-product of petrol production!

I suppose that if petrol goes up in tandem then it still balances out a little.

Remember the big push and subsidy the previous govt had on converting......

Still, it remains cheaper than petrol, runs cleaner resulting in cheaper services too.... On our last bongo the 2 services we had, the mechanic thought the oil was only a few months old....not 12...!

So, even though its a kick in the plums it's still cheaper than running on petrol alone.

[mikeWalsall]

Strange that this 'price hike' is similar info that the diesel /petrol heads was putting around when I had my Toyota Emina converted ........... about six years ago ... !!

[billymansell]

In my experience price hikes are par for the course with LPG - when there's a 1p-2p petrol price rise, LPG can increase by 5p-10p.

There may be a link between the cost and production of petrol and LPG but I can't see how it can be justified that LPG can be so disproportionately more expensive to produce than petrol. Of course LPG price hikes may be due to a lack of competition in the LPG market where you can see 15p a litre price difference between petrol stations on the same road.

[Titan1995]

No no and thrice no on any tax increase on veg oil.

[bongodonkey]

There won't be a hike in veg oil. It's classed as a food stuff and already liable to a level of VAT.

It's only where you reuse old cooking oil, and use the bio-diesel/oil kits where it's filtered and had other chemicals/diesel added to be turned into an outright fuel. Then it's liable to about 45p per litre in duty.

The kits are about a grand plus, but think of the savings. A mate of mine wallops donkeys and his horse box costs a fortune to run on diesel. They clubbed together and bought a kit. Think it paid for itself in about 3 months between the four of them.

Surprised there isn't a bio diesel syndicate on here to be honest. Then again, it probably wouldn't be some thing I'd advertise.

[mikeonb4c]

I think the biggest problem with using waste oil is that Mr Big is moving in on the market, and supply is a lot less than potential demand. I'm afraid that quality vs. quantity is the choice we will ultimately face with driving mileage, in a world of soaring fuel prices. Bongo syndicates anyone?

[scanner]

One of the reasons that LPG is much cheaper is that it's v.low on emissions. Also the gas is a 'happy' by-product of petrol production!

The reason it is cheaper is that only half the tax and duty is charged on gas than on petrol or diesel - so when the price of the product goes up (as opposed to the tax and duty) that rise is a higher proportion of the price you pay.

10% on half the cost is twice 10% on 25% of the cost.

[mikeWalsall]

Just been and topped up my LPG 55.5 litres .. £39.41 (@ 71p litre)..



Chatting to the same guy who has filled my gas tank for the last 6 years or so, he had not heard anything about a Government tax increase but did say that through the winter with LPG domestic heating supply / demand it may go up Dec / Jan .. but over the years I had already noticed that myself ...