Drop the price of Premium Gasoline NOW!

[Val]

Who tell all yuh to buy them tiida things

Sent from my Nexus 5 using Tapatalk

[zoom rader]

Wait till PNM steal elections, allyuh go get gas when Rowley stop the gravy train.

[toyolink]

People really believe that the business class people who filling with premium aint passing on their increased cost of operating their vehicle to their retail customers?
.......How silly can we be!

[Dizzy28]

People really believe that the business class people who filling with premium aint passing on their increased cost of operating their vehicle to their retail customers?
.......How silly can we be!

The business class driving diesel Cayennes, Prados and Q7s.

[toyolink]

People really believe that the business class people who filling with premium aint passing on their increased cost of operating their vehicle to their retail customers?
.......How silly can we be!

The business class driving diesel Cayennes, Prados and Q7s.

And if you remove the subside what do you think would happen?

[bluesclues]

http://www.newsday.co.tt/politics/0,167503.html

Quoting from Hansard, Howai said Imbert in his presentation on Monday referred to PricewaterhouseCoopers budget memorandum where he noted that the subsidy on premium gas was 73 cents, on super gas $1.83 and on diesel $2.71. Imbert in his calculations found that the true price of premium was $4.73

Howai said he also looked at the memorandum and found that the figures were based on a West Texas Intermediate Oil Price of $79 per barrel, which meant the figures were dated. He said using the new retail price of premium gas of $5.75 per litre and the September, 2012 ex-refinery price of $5.84 per litre excluding Value Added Tax (VAT) the true market price would be approximately $7.08 per litre, including VAT.

“This means that the subsidy on premium gasoline at present is $1.16 per litre. This means that Government continues to subsidise premium gasoline,” he said.

So at $79 a barrel The cost of super was $4.73

Now oil is under $40 a barrel, how can $5.75 be justified... notice also how the government throws in VAT as part of the cost of gasoline

Howai pointed out that the price of premium increased from $3 per litre to $4 per litre in September, 2008, by the former Government. He said during the period November, 2008 to May, 2009, the average local crude oil price was $44 per barrel, and the average ex-refinery price of premium gasoline was $2.53 per litre. At these price levels, a surplus of $61.6 million was generated on premium gasoline.

So the Cost of premium is LESS than $2.53

jeem on. price of premium wont go so cheap right now. premium guzzlers cheap gas will just inflict wounds on ur ego. everyting u buying affi be expensive man.

plus, if premium price drop so super will raise and dah mean double in taxi fare around the country and the butterfly fallout from that.

it is your patriotic duty now to buy d expensive gas to keep trinidad afloat.

[src1983]

http://www.newsday.co.tt/politics/0,167503.html

Quoting from Hansard, Howai said Imbert in his presentation on Monday referred to PricewaterhouseCoopers budget memorandum where he noted that the subsidy on premium gas was 73 cents, on super gas $1.83 and on diesel $2.71. Imbert in his calculations found that the true price of premium was $4.73

Howai said he also looked at the memorandum and found that the figures were based on a West Texas Intermediate Oil Price of $79 per barrel, which meant the figures were dated. He said using the new retail price of premium gas of $5.75 per litre and the September, 2012 ex-refinery price of $5.84 per litre excluding Value Added Tax (VAT) the true market price would be approximately $7.08 per litre, including VAT.

“This means that the subsidy on premium gasoline at present is $1.16 per litre. This means that Government continues to subsidise premium gasoline,” he said.

So at $79 a barrel The cost of super was $4.73

Now oil is under $40 a barrel, how can $5.75 be justified... notice also how the government throws in VAT as part of the cost of gasoline

Howai pointed out that the price of premium increased from $3 per litre to $4 per litre in September, 2008, by the former Government. He said during the period November, 2008 to May, 2009, the average local crude oil price was $44 per barrel, and the average ex-refinery price of premium gasoline was $2.53 per litre. At these price levels, a surplus of $61.6 million was generated on premium gasoline.

So the Cost of premium is LESS than $2.53

jeem on. price of premium wont go so cheap right now. premium guzzlers cheap gas will just inflict wounds on ur ego. everyting u buying affi be expensive man.

plus, if premium price drop so super will raise and dah mean double in taxi fare around the country and the butterfly fallout from that.

it is your patriotic duty now to buy d expensive gas to keep trinidad afloat.

Your comment, perfectly describes socialism and the negative effects it can have on the population.

What if all the premium buyers decide to go diesel?

[bluesclues]

http://www.newsday.co.tt/politics/0,167503.html

Quoting from Hansard, Howai said Imbert in his presentation on Monday referred to PricewaterhouseCoopers budget memorandum where he noted that the subsidy on premium gas was 73 cents, on super gas $1.83 and on diesel $2.71. Imbert in his calculations found that the true price of premium was $4.73

Howai said he also looked at the memorandum and found that the figures were based on a West Texas Intermediate Oil Price of $79 per barrel, which meant the figures were dated. He said using the new retail price of premium gas of $5.75 per litre and the September, 2012 ex-refinery price of $5.84 per litre excluding Value Added Tax (VAT) the true market price would be approximately $7.08 per litre, including VAT.

“This means that the subsidy on premium gasoline at present is $1.16 per litre. This means that Government continues to subsidise premium gasoline,” he said.

So at $79 a barrel The cost of super was $4.73

Now oil is under $40 a barrel, how can $5.75 be justified... notice also how the government throws in VAT as part of the cost of gasoline

Howai pointed out that the price of premium increased from $3 per litre to $4 per litre in September, 2008, by the former Government. He said during the period November, 2008 to May, 2009, the average local crude oil price was $44 per barrel, and the average ex-refinery price of premium gasoline was $2.53 per litre. At these price levels, a surplus of $61.6 million was generated on premium gasoline.

So the Cost of premium is LESS than $2.53

jeem on. price of premium wont go so cheap right now. premium guzzlers cheap gas will just inflict wounds on ur ego. everyting u buying affi be expensive man.

plus, if premium price drop so super will raise and dah mean double in taxi fare around the country and the butterfly fallout from that.

it is your patriotic duty now to buy d expensive gas to keep trinidad afloat.

Your comment, perfectly describes socialism and the negative effects it can have on the population.

What if all the premium buyers decide to go diesel?

dey go just end up paying more for super and diesel and you back to square one. but that hardly feasible. a diesel bmw and benz? expensive car = expensive gas. if yuh car afford the gas thehn i got news for u bro. u living beyond your means.

whether you like it or not. socialism plays a part in democracy. countries will burn to the ground without it. isnt it the same socialism to give larger corporation bigger tax cuts because they employ alot of ppl? what about governments' social welfare programs?

yuh is yuh brother's keeper out here boy dan whether yuh like it or not. that is how capitalism works in conjunction with the nature of man and the instinct to survive. and if yuh doh keep yuh brother in this system there does be hell to pay. civility rides on the back of prosperity.

so as it is now. we cant be playing with government revenue streams until we have viable alternative sources of revenue being generated to fill d treasury. because oil is a shaky market at risk of falling of the edge within decades. if not much less.

so who could pay more will have to to keep things churning.

[src1983]

http://www.newsday.co.tt/politics/0,167503.html

Quoting from Hansard, Howai said Imbert in his presentation on Monday referred to PricewaterhouseCoopers budget memorandum where he noted that the subsidy on premium gas was 73 cents, on super gas $1.83 and on diesel $2.71. Imbert in his calculations found that the true price of premium was $4.73

Howai said he also looked at the memorandum and found that the figures were based on a West Texas Intermediate Oil Price of $79 per barrel, which meant the figures were dated. He said using the new retail price of premium gas of $5.75 per litre and the September, 2012 ex-refinery price of $5.84 per litre excluding Value Added Tax (VAT) the true market price would be approximately $7.08 per litre, including VAT.

“This means that the subsidy on premium gasoline at present is $1.16 per litre. This means that Government continues to subsidise premium gasoline,” he said.

So at $79 a barrel The cost of super was $4.73

Now oil is under $40 a barrel, how can $5.75 be justified... notice also how the government throws in VAT as part of the cost of gasoline

Howai pointed out that the price of premium increased from $3 per litre to $4 per litre in September, 2008, by the former Government. He said during the period November, 2008 to May, 2009, the average local crude oil price was $44 per barrel, and the average ex-refinery price of premium gasoline was $2.53 per litre. At these price levels, a surplus of $61.6 million was generated on premium gasoline.

So the Cost of premium is LESS than $2.53

jeem on. price of premium wont go so cheap right now. premium guzzlers cheap gas will just inflict wounds on ur ego. everyting u buying affi be expensive man.

plus, if premium price drop so super will raise and dah mean double in taxi fare around the country and the butterfly fallout from that.

it is your patriotic duty now to buy d expensive gas to keep trinidad afloat.

Your comment, perfectly describes socialism and the negative effects it can have on the population.

What if all the premium buyers decide to go diesel?

dey go just end up paying more for super and diesel and you back to square one. but that hardly feasible. a diesel bmw and benz? expensive car = expensive gas. if yuh car afford the gas thehn i got news for u bro. u living beyond your means.

whether you like it or not. socialism plays a part in democracy. countries will burn to the ground without it. isnt it the same socialism to give larger corporation bigger tax cuts because they employ alot of ppl? what about governments' social welfare programs?

yuh is yuh brother's keeper out here boy dan whether yuh like it or not. that is how capitalism works in conjunction with the nature of man and the instinct to survive. and if yuh doh keep yuh brother in this system there does be hell to pay. civility rides on the back of prosperity.

so as it is now. we cant be playing with government revenue streams until we have viable alternative sources of revenue being generated to fill d treasury. because oil is a shaky market at risk of falling of the edge within decades. if not much less.

so who could pay more will have to to keep things churning.

Companies in Trinidad don't get Tax breaks, they all pay 25% (legit companies) .1% Green fund and 15% VAT back to the government.

The country will never move forward, the rich and middle class will keep working to mind the poor. The poor will just be there cause they don't want to lose the free handouts.

I have have a TTCARD machine in my business for a few years, and more and more people are using it, these people can more than work but don't only home spitting out children, because the don't want to. Where as social programs should help people out of poverty, how much people you know have come out?

Its not a matter of being able to pay for premium, its a matter of principle. The people who is paying premium is paying more than market, but super and diesel peoples are paying less so ask yourself who is living beyond their means? How would a Navara driver react to the true cost of diesel?

[Dizzy28]

http://www.newsday.co.tt/politics/0,167503.html

Quoting from Hansard, Howai said Imbert in his presentation on Monday referred to PricewaterhouseCoopers budget memorandum where he noted that the subsidy on premium gas was 73 cents, on super gas $1.83 and on diesel $2.71. Imbert in his calculations found that the true price of premium was $4.73

Howai said he also looked at the memorandum and found that the figures were based on a West Texas Intermediate Oil Price of $79 per barrel, which meant the figures were dated. He said using the new retail price of premium gas of $5.75 per litre and the September, 2012 ex-refinery price of $5.84 per litre excluding Value Added Tax (VAT) the true market price would be approximately $7.08 per litre, including VAT.

“This means that the subsidy on premium gasoline at present is $1.16 per litre. This means that Government continues to subsidise premium gasoline,” he said.

So at $79 a barrel The cost of super was $4.73

Now oil is under $40 a barrel, how can $5.75 be justified... notice also how the government throws in VAT as part of the cost of gasoline

Howai pointed out that the price of premium increased from $3 per litre to $4 per litre in September, 2008, by the former Government. He said during the period November, 2008 to May, 2009, the average local crude oil price was $44 per barrel, and the average ex-refinery price of premium gasoline was $2.53 per litre. At these price levels, a surplus of $61.6 million was generated on premium gasoline.

So the Cost of premium is LESS than $2.53

jeem on. price of premium wont go so cheap right now. premium guzzlers cheap gas will just inflict wounds on ur ego. everyting u buying affi be expensive man.

plus, if premium price drop so super will raise and dah mean double in taxi fare around the country and the butterfly fallout from that.

it is your patriotic duty now to buy d expensive gas to keep trinidad afloat.

Your comment, perfectly describes socialism and the negative effects it can have on the population.

What if all the premium buyers decide to go diesel?

dey go just end up paying more for super and diesel and you back to square one. but that hardly feasible. a diesel bmw and benz? expensive car = expensive gas. if yuh car afford the gas thehn i got news for u bro. u living beyond your means.

whether you like it or not. socialism plays a part in democracy. countries will burn to the ground without it. isnt it the same socialism to give larger corporation bigger tax cuts because they employ alot of ppl? what about governments' social welfare programs?

yuh is yuh brother's keeper out here boy dan whether yuh like it or not. that is how capitalism works in conjunction with the nature of man and the instinct to survive. and if yuh doh keep yuh brother in this system there does be hell to pay. civility rides on the back of prosperity.

so as it is now. we cant be playing with government revenue streams until we have viable alternative sources of revenue being generated to fill d treasury. because oil is a shaky market at risk of falling of the edge within decades. if not much less.

so who could pay more will have to to keep things churning.

Companies in Trinidad don't get Tax breaks, they all pay 25% (legit companies) .1% Green fund and 15% VAT back to the government.

VAT registered companies do not pay VAT. They remit the VAT that they collected on behalf of the Government back to the Government.
They reconcile the VAT collected by them to VAT payed by them and either are owed a refund or have to pay VAT to BIR.

[src1983]

http://www.newsday.co.tt/politics/0,167503.html

Quoting from Hansard, Howai said Imbert in his presentation on Monday referred to PricewaterhouseCoopers budget memorandum where he noted that the subsidy on premium gas was 73 cents, on super gas $1.83 and on diesel $2.71. Imbert in his calculations found that the true price of premium was $4.73

Howai said he also looked at the memorandum and found that the figures were based on a West Texas Intermediate Oil Price of $79 per barrel, which meant the figures were dated. He said using the new retail price of premium gas of $5.75 per litre and the September, 2012 ex-refinery price of $5.84 per litre excluding Value Added Tax (VAT) the true market price would be approximately $7.08 per litre, including VAT.

“This means that the subsidy on premium gasoline at present is $1.16 per litre. This means that Government continues to subsidise premium gasoline,” he said.

So at $79 a barrel The cost of super was $4.73

Now oil is under $40 a barrel, how can $5.75 be justified... notice also how the government throws in VAT as part of the cost of gasoline

Howai pointed out that the price of premium increased from $3 per litre to $4 per litre in September, 2008, by the former Government. He said during the period November, 2008 to May, 2009, the average local crude oil price was $44 per barrel, and the average ex-refinery price of premium gasoline was $2.53 per litre. At these price levels, a surplus of $61.6 million was generated on premium gasoline.

So the Cost of premium is LESS than $2.53

jeem on. price of premium wont go so cheap right now. premium guzzlers cheap gas will just inflict wounds on ur ego. everyting u buying affi be expensive man.

plus, if premium price drop so super will raise and dah mean double in taxi fare around the country and the butterfly fallout from that.

it is your patriotic duty now to buy d expensive gas to keep trinidad afloat.

Your comment, perfectly describes socialism and the negative effects it can have on the population.

What if all the premium buyers decide to go diesel?

dey go just end up paying more for super and diesel and you back to square one. but that hardly feasible. a diesel bmw and benz? expensive car = expensive gas. if yuh car afford the gas thehn i got news for u bro. u living beyond your means.

whether you like it or not. socialism plays a part in democracy. countries will burn to the ground without it. isnt it the same socialism to give larger corporation bigger tax cuts because they employ alot of ppl? what about governments' social welfare programs?

yuh is yuh brother's keeper out here boy dan whether yuh like it or not. that is how capitalism works in conjunction with the nature of man and the instinct to survive. and if yuh doh keep yuh brother in this system there does be hell to pay. civility rides on the back of prosperity.

so as it is now. we cant be playing with government revenue streams until we have viable alternative sources of revenue being generated to fill d treasury. because oil is a shaky market at risk of falling of the edge within decades. if not much less.

so who could pay more will have to to keep things churning.

Companies in Trinidad don't get Tax breaks, they all pay 25% (legit companies) .1% Green fund and 15% VAT back to the government.

VAT registered companies do not pay VAT. They remit the VAT that they collected on behalf of the Government back to the Government.
They reconcile the VAT collected by them to VAT payed by them and either are owed a refund or have to pay VAT to BIR.

I buy a item for 115 ($15 being VAT) I sell it for 230 (30 being VAT payable) the net $15 I pay to the BIR

[Dizzy28]

http://www.newsday.co.tt/politics/0,167503.html

Quoting from Hansard, Howai said Imbert in his presentation on Monday referred to PricewaterhouseCoopers budget memorandum where he noted that the subsidy on premium gas was 73 cents, on super gas $1.83 and on diesel $2.71. Imbert in his calculations found that the true price of premium was $4.73

Howai said he also looked at the memorandum and found that the figures were based on a West Texas Intermediate Oil Price of $79 per barrel, which meant the figures were dated. He said using the new retail price of premium gas of $5.75 per litre and the September, 2012 ex-refinery price of $5.84 per litre excluding Value Added Tax (VAT) the true market price would be approximately $7.08 per litre, including VAT.

“This means that the subsidy on premium gasoline at present is $1.16 per litre. This means that Government continues to subsidise premium gasoline,” he said.

So at $79 a barrel The cost of super was $4.73

Now oil is under $40 a barrel, how can $5.75 be justified... notice also how the government throws in VAT as part of the cost of gasoline

Howai pointed out that the price of premium increased from $3 per litre to $4 per litre in September, 2008, by the former Government. He said during the period November, 2008 to May, 2009, the average local crude oil price was $44 per barrel, and the average ex-refinery price of premium gasoline was $2.53 per litre. At these price levels, a surplus of $61.6 million was generated on premium gasoline.

So the Cost of premium is LESS than $2.53

jeem on. price of premium wont go so cheap right now. premium guzzlers cheap gas will just inflict wounds on ur ego. everyting u buying affi be expensive man.

plus, if premium price drop so super will raise and dah mean double in taxi fare around the country and the butterfly fallout from that.

it is your patriotic duty now to buy d expensive gas to keep trinidad afloat.

Your comment, perfectly describes socialism and the negative effects it can have on the population.

What if all the premium buyers decide to go diesel?

dey go just end up paying more for super and diesel and you back to square one. but that hardly feasible. a diesel bmw and benz? expensive car = expensive gas. if yuh car afford the gas thehn i got news for u bro. u living beyond your means.

whether you like it or not. socialism plays a part in democracy. countries will burn to the ground without it. isnt it the same socialism to give larger corporation bigger tax cuts because they employ alot of ppl? what about governments' social welfare programs?

yuh is yuh brother's keeper out here boy dan whether yuh like it or not. that is how capitalism works in conjunction with the nature of man and the instinct to survive. and if yuh doh keep yuh brother in this system there does be hell to pay. civility rides on the back of prosperity.

so as it is now. we cant be playing with government revenue streams until we have viable alternative sources of revenue being generated to fill d treasury. because oil is a shaky market at risk of falling of the edge within decades. if not much less.

so who could pay more will have to to keep things churning.

Companies in Trinidad don't get Tax breaks, they all pay 25% (legit companies) .1% Green fund and 15% VAT back to the government.

VAT registered companies do not pay VAT. They remit the VAT that they collected on behalf of the Government back to the Government.
They reconcile the VAT collected by them to VAT payed by them and either are owed a refund or have to pay VAT to BIR.

I buy a item for 115 ($15 being VAT) I sell it for 230 (30 being VAT payable) the net $15 I pay to the BIR

Is this a question or a comment?

[src1983]

Comment, Thats how VAT works Value Added Tax

Your raw materials cost 115 VI, but you Sell final product for 230 VI

your VAT return will look like this 30-15 =15 payable to the BIR

[Dizzy28]

^ And you as the company would not have paid any VAT.

- You paid $15 in VAT
- You collected $30 in VAT on behalf of the GORTT
- You were allowed to deduct the $15 you paid from the $30 you have to remit to GORTT
- Therefore you did not pay VAT

[pete]

You vat registered?

[Dizzy28]

Me or SRC?

[src1983]

^ And you as the company would not have paid any VAT.

- You paid $15 in VAT
- You collected $30 in VAT on behalf of the GORTT
- You were allowed to deduct the $15 you paid from the $30 you have to remit to GORTT
- Therefore you did not pay VAT

But didn't me as a company added value to the materials thus giving the government an extra $15? That is what I mean

Yes I am VAT registered @pete

[bluesclues]

ok but i used corporate tax breaks as an example that can be seen in other democratic countries btw on the topic of aspects of socialism within democracy.

[toyolink]

Govts of T&T have been manipulating and breaking rules and policies from since I can remember.
Our judicial opportunities make things like 'class action' lawsuits daunting, but it maybe just a matter of time before a group takes Govt to court and set a new standard.
......And they keep telling citizens to do the right thing.

[ingalook]

Lets see what will happen in this budget... especially since it was Imbert who pointed out that the increase in premium was unlawful in the first place

[ingalook]

waits for budget...

[EmilioA]

Companies in Trinidad don't get Tax breaks, they all pay 25% (legit companies) .1% Green fund and 15% VAT back to the government.

Who fool you ? A good accountant can reduce your tax to 15%. There are always loopholes.