For those who live in the country

For those who may be interested there is a government petition has been set up for the removal of VAT and the imposition of a price cap on the costs of heating oil..10000 signatures are required for a hearing to be put before parliament. Current number of signatures running at over 3500,

Do you have a link as I am an oil burner in the country!

Andrew.

Its here https://petition.parliament.uk/petitions/598647

Signed that,thanks for pointing it out.

Done, thanks! We don't have oil as we inherited bulk LPG so just hoping they include that in this bill...

Thanks for the info I have signed and also passed the info to our Neighbourhood Watch, also look out for thieves who have started on the valuable oil. Oil in my rural part of Hampshire reached £ 1.01 per litre this week!

This is probably not news to any of you, but …

**LINK** : https://www.oil-club.co.uk

.

Although I don’t use heating oil, I was recently talking to someone who does … and he highly recommends them.

MichaelG.

If you remove VAT then the Revenue loss has to be made up somewhere else, Income Tax rise anyone?

Who is going to pay the difference between your proposed Cap and the market price?

Who is paying the difference between the Market Value and the Price Cap on Gas and Electricity?

Perhaps you want to remove the cap on Gas and Electtric then and pay full market price!!!

In my view all 3 fuels (Gas, Electric and Oil) should either be capped or not capped

True, eventually you will have to pay the market price, whether you like it or not.

Partly the consumer through a temporary loan and partly Local Government, who will fund it by cutting services.

The Price Cap is misunderstood. It's a mechanism designed to stop energy retailers from making excessive profits, not a way of keeping bills low when wholesale gas is expensive.

The problem is gas prices shot up so high last year that many energy retailers went bust because the cap was set too low: every customer cost them money. The cap's being lifted in April but given that gas prices are set to rise even more, I wouldn't be surprised to see the mechanism scrapped entirely. It only made sense whilst wholesale gas stayed cheap.

Personally, I think the Government are unwise to try and soften the blow as they are. Creates an illusion of relief that's liable to pop like a bubble unless gas prices fall again soon. Unfortunately, Putin has scuppered that and his timing is probably deliberate. Therefore better for consumer prices to follow the market than to distort the tax system, introduce weird loans, and rob Peter to pay Paul, even though it will make our leaders unpopular.

Dave

Signed, thanks.

Next step, subsidised bread because of wheat prices?

Not sure why you mention bread. All the petition is asking is that all three heating fuels should be treated in a similar manner. I don't really care if that means everyone should pay market price.

Andrew.

Running cars on red diesel costs the exchequer enough in lost revenue. If they take the tax off heating oil I expect folks may start using that instead? That’s aside from that fact that heating oil is probably the most polluting solution for home heating.

I recommend people not to sign the petition.

I think all petitions are a waste of time - they just make it appear something is being done when actually it isn't and causes a diversion. I think they are even more a waste of time than enquiries.

The only thing which does work, in my experience, is to physically eyeball people. They don't like it.

If you were on the receiving end, which would you rather do - read a petition, or face a number of people making their point logically and firmly and wanting commitment to results NOW?

My thoughts exactly Andrew.

As I've written before we live in a rural area, although Worcester and Pershore are fast encroaching on the countryside around here, it seems politicians only think about city dwellers requirements and give scant thought to anyone else. Clearly they are going for what makes most folk vote for them...

As an aside, I recently had my LPG boiler serviced by a local plumber who we have used for years and asked for his views on ground source/heat pumps. His view was that as the best temperature that they can provide is around 50 degrees C so we would need extra electrical assistance to get to the 62 degrees we have our boiler set at. He also said that considering the cost to install the ground source/heat pump we are better staying with LPG even if we had to have a new boiler, of course that may change over time so will be reviewed as and when. I added this because its another instance of government not considering all users and, like electric cars, plugging away at what gets them votes.

Andrew,

I mentioned bread because if someone wants to apply the principle of non market prices, then that is the thin end of the wedge for anything else heading for higher prices as result of changing world commodity prices.

Edited By KWIL on 19/03/2022 11:04:48

went out last week.....

Diesel fuel was 1,95 euro's per lit

95 petrol............2.15 " "

heating oil..........1,65 " "

I went to Tesco the other day and Petrol was £1.62 a litre and Diesel £1.74. No idea what the cost of Kerosene is though currently.