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Author Petrol Price fixing on the news?
3CorsaMeal
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Registered: 11th Apr 02
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15th May 13 at 12:48   View User's Profile U2U Member Reply With Quote
Only heard a snippet here and there, but sounds like something is going to cause another uproar.

I doubt we will see any benefit from it whatever the outcome.
Nath
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Registered: 3rd Apr 02
Location: MK
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15th May 13 at 12:50   View User's Profile U2U Member Reply With Quote
Scandalous. I suppose BP only make £1m an hour though so fair enough
John
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Registered: 30th Jun 03
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15th May 13 at 12:50   View User's Profile U2U Member Reply With Quote
Not sure why it's taken a raid to work this out.
Cavey
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Registered: 11th Nov 02
Location: Derby
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15th May 13 at 12:58   View User's Profile U2U Member Reply With Quote
As said, we'll not see anything from it, there could be multi billion dollar fines if true, so prices would probably go up if anything
Ben G
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Registered: 12th Jan 07
Location: Essex
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15th May 13 at 13:01   View User's Profile U2U Member Reply With Quote
The fact that, as nath says, they earn huge profits, suggests that even a retard could see what was going on.

End of the day, they're a business, not a charity. Profits are everything. I don't agree with it, but if I owned a company, the last thing i'd be worried about was whether builder bill from harold hill had a hard time affording to pay for fuel.
3CorsaMeal
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Registered: 11th Apr 02
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15th May 13 at 13:02   View User's Profile U2U Member Reply With Quote
I'm going ham
John
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Registered: 30th Jun 03
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15th May 13 at 13:03   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Ben G
The fact that, as nath says, they earn huge profits, suggests that even a retard could see what was going on.

End of the day, they're a business, not a charity. Profits are everything. I don't agree with it, but if I owned a company, the last thing i'd be worried about was whether builder bill from harold hill had a hard time affording to pay for fuel.


I agree with this normally but the fuel companies are just being greedy.
mwg
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Registered: 19th Feb 04
Location: South Lakes
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15th May 13 at 13:31   View User's Profile U2U Member Reply With Quote
Am I being a bit optimistic to expect all the money I was ripped off over the years to be repaid to me plus interest
John
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Registered: 30th Jun 03
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15th May 13 at 13:32   View User's Profile U2U Member Reply With Quote
If we come out the other end of this without fuel being £2 a litre I'd be surprised.
3CorsaMeal
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Registered: 11th Apr 02
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15th May 13 at 13:33   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by mwg
Am I being a bit optimistic to expect all the money I was ripped off over the years to be repaid to me plus interest


its what i'm hoping for as well, or free petrol for a year.
Steve
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Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
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15th May 13 at 13:33   View Garage View User's Profile U2U Member Reply With Quote
Can someone explain why his means a rise in fuel? surely they will be made to operate more fairly on price? or are we tlaking because of the fines here
mwg
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Registered: 19th Feb 04
Location: South Lakes
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15th May 13 at 13:33   View User's Profile U2U Member Reply With Quote
Free petrol for a year would be acceptable
3CorsaMeal
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15th May 13 at 13:33   View User's Profile U2U Member Reply With Quote
I might start filling my car up then haggling for the price, would i be allowed to return fuel if i wasn't happy with it or the price?
3CorsaMeal
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Registered: 11th Apr 02
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15th May 13 at 13:35   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Steve
Can someone explain why his means a rise in fuel? surely they will be made to operate more fairly on price? or are we tlaking because of the fines here


What goes up must come down, apart from:
-Age
-Petrol Price
-Number of photos of girls posing in their bedroom/bathroom/kitchen on the internet
sc0ott
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Registered: 16th Feb 09
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15th May 13 at 15:15   View User's Profile U2U Member Reply With Quote
And guys with priapism
3CorsaMeal
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Registered: 11th Apr 02
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15th May 13 at 15:19   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by sc0ott
And guys with priapism



just googled imaged that with safe search off

Hammer
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Registered: 11th Feb 04
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15th May 13 at 17:33   View User's Profile U2U Member Reply With Quote
Attention seeking exercise by the petrol companies IMO.
neil h
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Registered: 28th Sep 06
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15th May 13 at 19:23   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Hammer
Attention seeking exercise by the petrol companies IMO.


This, its just an excuse to put prices up
Generation
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Registered: 7th Jul 09
Location: Essex
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15th May 13 at 19:45   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Ben G
The fact that, as nath says, they earn huge profits, suggests that even a retard could see what was going on.

End of the day, they're a business, not a charity. Profits are everything. I don't agree with it, but if I owned a company, the last thing i'd be worried about was whether builder bill from harold hill had a hard time affording to pay for fuel.



This exactly.

I don't get annoyed by prices.

Like most things in life if you can't afford it you find other ways
Colin
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Registered: 4th Apr 02
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15th May 13 at 19:47   View User's Profile U2U Member Reply With Quote
What companies don't price fix to a certain degree?? Pretty sure every industry under the sun.
Ian
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Registered: 28th Aug 99
Location: Liverpool
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16th May 13 at 00:06   View Garage View User's Profile U2U Member Reply With Quote
Egg on the OFT's face who 4 months earlier ruled that everything was fine.

Bunch of spineless cunts.

Price won't go down - or if it does there will be some other bullshit scheme introduced to keep control on vehicle usage. No way we're having more cars on the road while the road network is shit.
Jambo
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Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
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16th May 13 at 06:16   View User's Profile U2U Member Reply With Quote
How much do they need to recoup after the pipe split debacle? In Mexico?

Also how much of the profit goes to sustain the business/shipping/drilling/maintenance/political kickbacks etc??
eckers90
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Registered: 22nd Apr 12
Location: birmingham
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16th May 13 at 06:56   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by 3CorsaMeal
quote:
Originally posted by Steve
Can someone explain why his means a rise in fuel? surely they will be made to operate more fairly on price? or are we tlaking because of the fines here


What goes up must come down, apart from:
-Age
-Petrol Price
-Number of photos of girls posing in their bedroom/bathroom/kitchen on the internet
Ian
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Registered: 28th Aug 99
Location: Liverpool
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16th May 13 at 07:41   View Garage View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Jambo
How much do they need to recoup after the pipe split debacle? In Mexico?

Also how much of the profit goes to sustain the business/shipping/drilling/maintenance/political kickbacks etc??


The Mexico thing was only one company? That shouldn't affect the industry as a whole. If one company gets some issues to fix that doesn't mean the others should also charge more.

Also profit in the above list - as I understand profit is what's left after you've spent everything.

Revenue in, deduct the costs to run the operation and you're left with profit.

Not profit which you then spend on things. I doubt they wait to accrue an operating surplus before offsetting their costs. They'll be all over minimising their tax liabilities so it'll be spent as soon as it needs spending and profit is what they absolutely can't avoid being left with.

No doubt someone will correct me if I'm wrong but my understanding is that there's no case for having a better company which re-invests what its banked. It'll be spent before its earned, anything else is a terrible way to fill in a tax return. I may be wrong.
Jambo
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Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
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16th May 13 at 07:45   View User's Profile U2U Member Reply With Quote
You'll find they re invest that profit into further ventures acquisitions etc

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