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Gas prices in Trinidad & Tobago

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toyolink
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Re: Gas prices to raise, again.

Postby toyolink » April 11th, 2022, 5:21 pm

The cost of everything we consume in T&T is definitely going to increase for the foreseeable future.
The incomes of 99% of the population are going to remain static at best.
Nationally and globally those who are going to enjoy financial gains would be those of the big business class who stand to gain from large operational profits.
Infact the funny thing is that even if profit percentages fall actual profit quantums are increasing because the base cost is at a much higher threshold.
10% of $100= $10.
8% of $140=$12.2
Governments will have no choice but to take steps to protect those who are vulnerable to the shocks and in the USA efforts are being made to establish much higher rates of taxation on 'super' profits.
Failure to act may well lead to economic and social destablization to the point that national stability is threatened.

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hover11
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Re: Gas prices to raise, again.

Postby hover11 » April 11th, 2022, 5:27 pm

toyolink wrote:The cost of everything we consume in T&T is definitely going to increase for the foreseeable future.
The incomes of 99% of the population are going to remain static at best.
Nationally and globally those who are going to enjoy financial gains would be those of the big business class who stand to gain from large operational profits.
Infact the funny thing is that even if profit percentages fall actual profit quantums are increasing because the base cost is at a much higher threshold.
10% of $100= $10.
8% of $140=$12.2
Governments will have no choice but to take steps to protect those who are vulnerable to the shocks and in the USA efforts are being made to establish much higher rates of taxation on 'super' profits.
Failure to act may well lead to economic and social destablization to the point that national stability is threatened.
You know to protect the vulnerable would mean increased taxation in our case, where else will they be able to source the funds necessary. Static salaries along with increased taxation coupled with inflation at every point is a receipe for disaster waiting to happen

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De Dragon
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Re: Gas prices to raise, again.

Postby De Dragon » April 11th, 2022, 5:38 pm

hover11 wrote:
toyolink wrote:The cost of everything we consume in T&T is definitely going to increase for the foreseeable future.
The incomes of 99% of the population are going to remain static at best.
Nationally and globally those who are going to enjoy financial gains would be those of the big business class who stand to gain from large operational profits.
Infact the funny thing is that even if profit percentages fall actual profit quantums are increasing because the base cost is at a much higher threshold.
10% of $100= $10.
8% of $140=$12.2
Governments will have no choice but to take steps to protect those who are vulnerable to the shocks and in the USA efforts are being made to establish much higher rates of taxation on 'super' profits.
Failure to act may well lead to economic and social destablization to the point that national stability is threatened.
You know to protect the vulnerable would mean increased taxation in our case, where else will they be able to source the funds necessary. Static salaries along with increased taxation coupled with inflation at every point is a receipe for disaster waiting to happen

I think he means a wealth tax, but so in bed are our politicians with the monied class, that will never happen. Even if by some miracle it was passed, our retarded BIR wouldn't enforce its collection anyway :roll:

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hover11
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Re: Gas prices to raise, again.

Postby hover11 » April 11th, 2022, 5:41 pm

De Dragon wrote:
hover11 wrote:
toyolink wrote:The cost of everything we consume in T&T is definitely going to increase for the foreseeable future.
The incomes of 99% of the population are going to remain static at best.
Nationally and globally those who are going to enjoy financial gains would be those of the big business class who stand to gain from large operational profits.
Infact the funny thing is that even if profit percentages fall actual profit quantums are increasing because the base cost is at a much higher threshold.
10% of $100= $10.
8% of $140=$12.2
Governments will have no choice but to take steps to protect those who are vulnerable to the shocks and in the USA efforts are being made to establish much higher rates of taxation on 'super' profits.
Failure to act may well lead to economic and social destablization to the point that national stability is threatened.
You know to protect the vulnerable would mean increased taxation in our case, where else will they be able to source the funds necessary. Static salaries along with increased taxation coupled with inflation at every point is a receipe for disaster waiting to happen

I think he means a wealth tax, but so in bed are our politicians with the monied class, that will never happen. Even if by some miracle it was passed, our retarded BIR wouldn't enforce its collection anyway :roll:
The same BIR that allowed a 300 million dollar transaction to set off with no red flags that same BIR? Still waiting on this revenue authority that will resurrect the tax man. We will wait for that

toyolink
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Re: Gas prices to raise, again.

Postby toyolink » April 11th, 2022, 6:00 pm

hover11 wrote:
toyolink wrote:The cost of everything we consume in T&T is definitely going to increase for the foreseeable future.
The incomes of 99% of the population are going to remain static at best.
Nationally and globally those who are going to enjoy financial gains would be those of the big business class who stand to gain from large operational profits.
Infact the funny thing is that even if profit percentages fall actual profit quantums are increasing because the base cost is at a much higher threshold.
10% of $100= $10.
8% of $140=$12.2
Governments will have no choice but to take steps to protect those who are vulnerable to the shocks and in the USA efforts are being made to establish much higher rates of taxation on 'super' profits.
Failure to act may well lead to economic and social destablization to the point that national stability is threatened.
You know to protect the vulnerable would mean increased taxation in our case, where else will they be able to source the funds necessary. Static salaries along with increased taxation coupled with inflation at every point is a receipe for disaster waiting to happen


Your observations are absolutely relevant and outlines the challenges gov'ts face.
In our circumstances there may be many opportunities to reduce the cost of goods and services by executing improvements in performance in such things like clearing of cargo, having customs charges regularised.
In fact we all are aware that there are many fixes which can be embarked upon which can facilitate downward pressures on the cost of living the average citizen is asked to bear.
The 'increase taxes' goto' seems almost vindictive especially in light of the fact that no effort is being directed to fix operational and structural defects which account for a significant build up of prices.

Mmoney607
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Re: Gas prices to raise, again.

Postby Mmoney607 » April 11th, 2022, 6:01 pm

If you listen to pnm radio stations, these people basically asking for more inches of bamboo. They vex with black taxi drivers for raising prices but praising the clean, pure, innocent white man, Imbert.

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zoom rader
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Re: Gas prices to raise, again.

Postby zoom rader » April 11th, 2022, 6:12 pm

As imbert said they ant riot yet

Trinidad take bull ah you vote for dat in a land of oil and gas .

What a bunch of stupid people

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hover11
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Re: Gas prices to raise, again.

Postby hover11 » April 11th, 2022, 6:22 pm

zoom rader wrote:As imbert said they ant riot yet

Trinidad take bull ah you vote for dat in a land of oil and gas .

What a bunch of stupid people
Max said this is how they will earn PNM 2025

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De Dragon
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Re: Gas prices to raise, again.

Postby De Dragon » April 11th, 2022, 6:56 pm

hover11 wrote:
zoom rader wrote:As imbert said they ant riot yet

Trinidad take bull ah you vote for dat in a land of oil and gas .

What a bunch of stupid people
Max said this is how they will earn PNM 2025

Man boolas are always in favour of more pipe.

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MaxPower
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Re: Gas prices to raise, again.

Postby MaxPower » April 11th, 2022, 9:46 pm

De Dragon wrote:
hover11 wrote:
zoom rader wrote:As imbert said they ant riot yet

Trinidad take bull ah you vote for dat in a land of oil and gas .

What a bunch of stupid people
Max said this is how they will earn PNM 2025

Man boolas are always in favour of more pipe.


DeFagiver,

At this point it doesnt matter who favors the pipe.

Imbert has already bent you over and laid the pipe deep up your black ass. You are presently unable to do anything about it.

Take bull and embrace another PNM 2025.

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hover11
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Re: Gas prices to raise, again.

Postby hover11 » April 11th, 2022, 10:13 pm

MaxPower wrote:
De Dragon wrote:
hover11 wrote:
zoom rader wrote:As imbert said they ant riot yet

Trinidad take bull ah you vote for dat in a land of oil and gas .

What a bunch of stupid people
Max said this is how they will earn PNM 2025

Man boolas are always in favour of more pipe.


DeFagiver,

At this point it doesnt matter who favors the pipe.

Imbert has already bent you over and laid the pipe deep up your black ass. You are presently unable to do anything about it.

Take bull and embrace another PNM 2025.
Max,

Eloquently put

randolphinshan
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Re: Gas prices to raise, again.

Postby randolphinshan » April 11th, 2022, 10:46 pm

MaxPower wrote:
De Dragon wrote:
hover11 wrote:
zoom rader wrote:As imbert said they ant riot yet

Trinidad take bull ah you vote for dat in a land of oil and gas .

What a bunch of stupid people
Max said this is how they will earn PNM 2025

Man boolas are always in favour of more pipe.


DeFagiver,

At this point it doesnt matter who favors the pipe.

Imbert has already bent you over and laid the pipe deep up your black ass. You are presently unable to do anything about it.

Take bull and embrace another PNM 2025.


Max,
So true and we’ll said bro. DeFag is on folly.

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sMASH
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Re: Gas prices to raise, again.

Postby sMASH » April 12th, 2022, 4:03 am


daring dragoon
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Re: Gas prices to raise, again.

Postby daring dragoon » April 12th, 2022, 4:09 am

them transporting passengers and none of them forkers wearing a mask and sitting so close together. you think baldhead and shortman go take them seriously.

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hover11
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Re: Gas prices to raise, again.

Postby hover11 » April 12th, 2022, 8:55 am

Protest for gas instead of making a scene for stupid KFC.

Stupid country with stupid people

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st7
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Re: Gas prices to raise, again.

Postby st7 » April 12th, 2022, 2:50 pm

stop complaining and go protest then.

geezus, always with the excuses and no solutions.

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Re: Gas prices to raise, again.

Postby bluefete » April 12th, 2022, 2:57 pm

Wait, a Cabinet minister gets $6,660.00 A MONTH IN TRAVELLING ALLOWANCE?

You know how many people in this country not even making $6k a month but they get that in travelling alone.

So any gas price increase will NOT affect Imbert and Rowley and company at all.

Even if it will cost them $1,000 a week to fill up the Porsche Cayenne after the increase, they will still have change to spare left over.

Zoom is so right. Take bull.

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Cantmis
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Re: Gas prices to raise, again.

Postby Cantmis » April 12th, 2022, 3:10 pm

Pnm supporters say once the subsidies removed and property tax implemented we will see a higher standard of living!

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hover11
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Re: Gas prices to raise, again.

Postby hover11 » April 12th, 2022, 3:10 pm

bluefete wrote:Wait, a Cabinet minister gets $6,660.00 A MONTH IN TRAVELLING ALLOWANCE?

You know how many people in this country not even making $6k a month but they get that in travelling alone.

So any gas price increase will NOT affect Imbert and Rowley and company at all.

Even if it will cost them $1,000 a week to fill up the Porsche Cayenne after the increase, they will still have change to spare left over.

Zoom is so right. Take bull.
It is time that politicians cut their perks during these unprecedented time that we are facing. It can not be business as usual. Instead of raising gas and cutting social grants for the people. Let's not forget that the little resources are for us! We are being told to tighten our belt and cut back but how has politicians tighten theirs?

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sMASH
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Re: Gas prices to raise, again.

Postby sMASH » April 12th, 2022, 3:17 pm

hover11 wrote:Protest for gas instead of making a scene for stupid KFC.

Stupid country with stupid people
Saturday 16th April, 1pm eding borough 500 grounds,
Push back against the fuel increase

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st7
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Re: Gas prices to raise, again.

Postby st7 » April 12th, 2022, 3:20 pm

sMASH wrote:
hover11 wrote:Protest for gas instead of making a scene for stupid KFC.

Stupid country with stupid people
Saturday 16th April, 1pm eding borough 500 grounds,
Push back against the fuel increase


you have more info on this?

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hover11
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Re: Gas prices to raise, again.

Postby hover11 » April 12th, 2022, 3:26 pm

Imspbert Justification after buying a mall for 300 million
FB_IMG_1649791549865.jpg

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teems1
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Re: Gas prices to raise, again.

Postby teems1 » April 12th, 2022, 3:58 pm

How much will the Volvo XC40 cost now without the government taxes?

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sMASH
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Re: Gas prices to raise, again.

Postby sMASH » April 12th, 2022, 4:58 pm

Ting for d back.
FB_IMG_1649797068971.jpg

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agent007
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Re: Gas prices to raise, again.

Postby agent007 » April 12th, 2022, 6:02 pm

teems1 wrote:How much will the Volvo XC40 cost now without the government taxes?
About $40k more cause forex woes and supply issues.

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hover11
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Re: Gas prices to raise, again.

Postby hover11 » April 12th, 2022, 6:08 pm

agent007 wrote:
teems1 wrote:How much will the Volvo XC40 cost now without the government taxes?
About $40k more cause forex woes and supply issues.
So when the government gonna rectify this forex issue or just gonna continue the do nothing approach and hope it fixes itself

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88sins
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Re: Gas prices to raise, again.

Postby 88sins » April 12th, 2022, 6:48 pm

hover11 wrote:
agent007 wrote:
teems1 wrote:How much will the Volvo XC40 cost now without the government taxes?
About $40k more cause forex woes and supply issues.
So when the government gonna rectify this forex issue or just gonna continue the do nothing approach and hope it fixes itself



You really want them incompetents to fix that problem?
If they tried, they would probably make it worse, not better.

You sure you can handle that?

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hover11
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Re: Gas prices to raise, again.

Postby hover11 » April 12th, 2022, 7:30 pm

88sins wrote:
hover11 wrote:
agent007 wrote:
teems1 wrote:How much will the Volvo XC40 cost now without the government taxes?
About $40k more cause forex woes and supply issues.
So when the government gonna rectify this forex issue or just gonna continue the do nothing approach and hope it fixes itself



You really want them incompetents to fix that problem?
If they tried, they would probably make it worse, not better.

You sure you can handle that?
I was hoping that they do something ...anything , anything at all

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aaron17
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Re: Gas prices to raise, again.

Postby aaron17 » April 12th, 2022, 9:17 pm

Is that the new ev volvo?

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hover11
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Re: Gas prices to raise, again.

Postby hover11 » April 13th, 2022, 5:45 pm

Govt’s policy on hybrid, electric vehicles ‘biggest mamaguy’

THE Government’s new policy on hybrid and electric vehicles is being described as the biggest deception shown to citizens by Trinidad and Tobago Automotive Dealers’ Association (TTADA) president Visham Babwah.

Speaking in Parliament last Friday, Finance Minister Colm Imbert said taxes and customs duty on imported hybrid vehicles will be waived from mid-May to encourage reduced fuel consumption, in light of the increase in fuel prices.

He said further details of the exempt category of vehicles will be announced in due course.

In a tweet over the weekend, Imbert said the concession would apply to small hybrid cars.

“Supply chain disruptions caused by the Covid-19 pandemic have intensified with the war in Ukraine, adversely affecting the supply of fully electric cars,” he said.

However, in an interview with the Express yesterday, Babwah said while the minister’s decisions have been applauded by different business groups, automotive dealers and even citizens, it’s the biggest mamaguy.

“This will not happen based on the restrictions the minister has placed on the combined kilowattage of the gasoline engine and motor kilowattage. A hybrid car is made up of two power sources, one is the internal combustion engine and the other is the electric motor,” Babwah stressed.

He noted that the Government gave an exemption on electric cars in the budget last year and now wants the citizens to pay taxes on the electric component of a hybrid car which is contradictory to the electric vehicle tax exemption.

Babwah said this decision should have focused on the combustion engine of a vehicle and not the electric motor.

He indicated that the exemptions should be given for vehicles 1600 cc and under, as no vehicle is available within the limits of the kw, to qualify for these exemptions.

“A vehicle like the Toyota Aqua, which is one of the smallest hybrid vehicles, has a 54-kw motor and a combined kw of 85, will not qualify for the exemption as the new limit announced by the minister is 45kw,” he said.

Although Imbert said this exemption will benefit the middle- and lower-income citizens and these concessions will be designed to cater for the typical car owners, Babwah questioned the reality of this.

“The minister just pulled wool over the people’s eyes. We are not seeing any vehicles that we can import that would qualify for these exemptions. I am calling on the minister to identify what vehicles can be imported that would qualify,” he added.

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