2012/13 Budget - 44% increase in Premium gasoline

[DVSTT]

Stephon ppl act like its only Audi and Benz use premium, but you and I know every Mazda sold in the last 3-4 years use premium only

Cefiros and renaults also use premium :/

[AllTrac]

i think when things tight now i go vibes by de premium pump and rub down some people, ill have rfari with me for effect.

[rfari]

i think when things tight now i go vibes by de premium pump and rub down some people, ill have rfari with me for effect.

ah dey. 60 40

[silent_riot]

One of my cars uses super (B15 4cyl), the other uses premium (Celsior V8).
To be honest, I am not worried about the premium price increase that much. I'll continue to use premium in the V8, even though it can possibly run on our super.

What I am really worried about is the planned increase in the price of Super and Diesel, without the proper CNG infrastructure in place.
I also really don't see why CNG is being pushed without other alternative forms of energy. Our national electrical power generation is said to run fully on natural gas, so some mention should have been made to electric cars as well.

[mitsu_chick941]

salary = put gas and doubles

[rfari]

I could see kamla re-adjusting the increase to be no more than 50c increase per fiscal year. And howai collect a badup

[silent_riot]

http://www.indexmundi.com/g/g.aspx?c=td&v=98

http://www.trinidadexpress.com/news/T_T ... 00093.html

With 9 years of Natural Gas left, shouldn't we try to switch to something other than CNG?

[tr1ad]

was an eerie feeling this morning at morvant quickshoppe
pulled up to the pump and began to fill up the van

a hush fell over the area, and as the 4 other motorists stared at me filling diesel
i decided that it was the best time to leave the pump after only filling $10.00 and go elsewhere another time

[acesinghit]

if a vw gti still ran okay on the dyno with regular grade fuel vs the recommended premium grade fuel, a drop of a few hp and ft-lbs of torque is not all that bad, it means good news for vw owners in tt since most of the vehicles besides the diesel versions are simply 1.4 and 1.8 turbos.

Based on the article via link below, we would not encounter any problems with the switch to super.

http://blogs.insideline.com/roadtests/2 ... power.html

[Stephon.]

Stephon ppl act like its only Audi and Benz use premium, but you and I know every Mazda sold in the last 3-4 years use premium only

super with a treatment?
Will dat work?

What is treatment?

EDIT: oh fuel treatment that you put in your tank when your gas low and you filling up?
Is better you use premium than use super than pay money for treatment. The difference won't be that much lol.

Father full, up this morning on quarter tank and it cost him ~350
Welp!

[MG Man]

Our national electrical power generation is said to run fully on natural gas, so some mention should have been made to electric cars as well.

electric cars are duty free, based on a previous budget (last year I think)

[RBphoto]

was an eerie feeling this morning at morvant quickshoppe
pulled up to the pump and began to fill up the van

a hush fell over the area, and as the 4 other motorists stared at me filling diesel
i decided that it was the best time to leave the pump after only filling $10.00 and go elsewhere another time

Badman does pump kerosene fuss dan

[MG Man]

le future

[Hook]

Stephon ppl act like its only Audi and Benz use premium, but you and I know every Mazda sold in the last 3-4 years use premium only

super with a treatment?
Will dat work?

What is treatment?

EDIT: oh fuel treatment that you put in your tank when your gas low and you filling up?
Is better you use premium than use super than pay money for treatment. The difference won't be that much lol.

okay so....

for a typical car with 50L tank on quarter tank leaves 37.5L to fill

Super:
37.5 x 2.7 = $101.25
+ gas treatment (even though we KNOW this doesn't raise your octane by more than 0.3RON anyway) $40? = $141.25

Premium:
37.5 x 5.75 = $215.63

[Les Bain]

The Y12 filled from a quarter tank once a week at $120 (old rate premium).
Tried $160 this morning, same results.

Hadda recheck somebody's manual. Coulda swear the minimum RON was 90/91.

[Duane 3NE 2NR]

an excerpt taken from the Ernst & Young Budget review regarding the fuel subsidy:

Fuel Subsidy
The Minister proposes to reduce the subsidy on premium gasoline, thereby increasing the current market price per litre from $4.00 to $5.75, an increase of 43.75%, effective 2 October 2012. The reduction is aimed at improving T&T’s fiscal deficit which has been estimated at $7.7 billion for the 2013 financial year, as well as addressing the inefficient allocation of resources.

While the subsidy will affect vehicles that require premium gasoline, the extent to which public transportation will be affected is uncertain.

At present, the annual cost of the fuel subsidy is in excess of $4 billion. While the initial purpose of the fuel subsidy was to allow commuters and commercial transportation vehicles the benefit of cheap fuel, it was not intended to be permanent. Numerous calls have been made from stakeholders for the elimination of the fuel subsidy gradually, however, no action has been taken to address same until now.

Diesel, utilized mainly by public and commercial transportation vehicles, accounts for the majority share of the nation’s fuel subsidy. The current market price of diesel in T&T is $1.50 per litre and the impact of the diesel subsidy can only be recognized when local diesel prices are compared with international prices which average $6.00 to $7.00. Furthermore, the continued support for low diesel prices is difficult to justify from an environmental perspective. Perhaps a phased approach will be adopted to address the reduction of the diesel subsidy as the shift to the use of CNG by the public transportation sector manifests itself. The Minister has announced that additional measures aimed at further reducing the current subsidy will be reviewed by an interMinisterial team and it is expected that such measures will take effect during 2013.

In addition to reduction of the subsidy, a framework geared towards promoting a full transition to CNG is currently being implemented. Whether the reduction of the subsidy prompts both consumers and the State to increase investment geared towards conversion to CNG remains to be seen.

Notwithstanding the above, the decision by the Government to commence reducing the fuel subsidy is an acknowledgement that the country can no longer continue running a fiscal deficit, especially in times of marginal economic growth.

[teems1]

The amount of energy required to manufacture the lithium ion batteries for those electric vehicles is astounding.

It takes a long while before an electric car breaks even. Hydrogen cell technology is where it's at.

[TRAE]

premium---- 3/4 ah trinis doh use premium or if they using it is cause they wanna say aye soulya is only premium i running eh

[Dizzy28]

an excerpt taken from the Ernst & Young Budget review regarding the fuel subsidy:

Fuel Subsidy
The Minister proposes to reduce the subsidy on premium gasoline, thereby increasing the current market price per litre from $4.00 to $5.75, an increase of 43.75%, effective 2 October 2012. The reduction is aimed at improving T&T’s fiscal deficit which has been estimated at $7.7 billion for the 2013 financial year, as well as addressing the inefficient allocation of resources.

While the subsidy will affect vehicles that require premium gasoline, the extent to which public transportation will be affected is uncertain.

At present, the annual cost of the fuel subsidy is in excess of $4 billion. While the initial purpose of the fuel subsidy was to allow commuters and commercial transportation vehicles the benefit of cheap fuel, it was not intended to be permanent. Numerous calls have been made from stakeholders for the elimination of the fuel subsidy gradually, however, no action has been taken to address same until now.

Diesel, utilized mainly by public and commercial transportation vehicles, accounts for the majority share of the nation’s fuel subsidy. The current market price of diesel in T&T is $1.50 per litre and the impact of the diesel subsidy can only be recognized when local diesel prices are compared with international prices which average $6.00 to $7.00. Furthermore, the continued support for low diesel prices is difficult to justify from an environmental perspective. Perhaps a phased approach will be adopted to address the reduction of the diesel subsidy as the shift to the use of CNG by the public transportation sector manifests itself. The Minister has announced that additional measures aimed at further reducing the current subsidy will be reviewed by an interMinisterial team and it is expected that such measures will take effect during 2013.

In addition to reduction of the subsidy, a framework geared towards promoting a full transition to CNG is currently being implemented. Whether the reduction of the subsidy prompts both consumers and the State to increase investment geared towards conversion to CNG remains to be seen.

Notwithstanding the above, the decision by the Government to commence reducing the fuel subsidy is an acknowledgement that the country can no longer continue running a fiscal deficit, especially in times of marginal economic growth.

Seems like a token gesture meant to satisfy PR. They haven't really gone after the real subsidy/transfer payment as yet as Premium accounts for only 6% of the fuel subsidy according to the Govn't.

With their popularity at a new low after the Section34 debacle maybe increasing super and diesel would have been tantamount to hara kiri.

[Duane 3NE 2NR]

premium---- 3/4 ah trinis doh use premium or if they using it is cause they wanna say aye soulya is only premium i running eh

The octane level in Super is not high enough for some vehicles.

[toyota2nr]

nze's work fine with super.....

Corolla triumphs again..........

[Duane 3NE 2NR]

other automotive related items in the Ernst & Young 2012 Budget review:

Drivers’ permits
With effect from 1 November 2012 upon the first issue,
a drivers’ permit will be valid for a period of five years.
Subsequently, the permit holder has the option to renew
for a period of either five years or ten years. The rates for
initial issue and subsequent renewal are as follows:

First issue - $500
Renewal (5 years) - $500
Renewal (10 years) - $1,000

Licensing department
With effect from 2 October 2012, the Minister proposes
to streamline the fee provisions under the Motor Vehicles
and Road Traffic Act and to widen the tax net to include
Motor cycles, School Buses and Omnibuses. The specific
fees were not identified by the Minister.
He also proposes to improve the administration of the
Licensing Department. This measure is intended to have
more stringent controls of the operations at the Licensing
Department.

Import Duty on all Tyres
Import duties levied on goods are based on the cost,
insurance and freight (CIF) value and rates determined
by the CARICOM Common External Tariff (CET). There is
currently an inconsistency in the import duties in respect
of new and used tyres whereby new tyres are subject to
the 30% import duty and used tyres are imported duty
free. To rectify same, the Minister has indicated that a
proposal will be submitted to the CARICOM Council for
Trade and Economic Development (COTED) in respect of
the implementation of a 30% import duty on used tyres.
This proposed measure is intended to reduce the pricing
disparity between new and used tyres which would
encourage competitiveness in the local market

[TeamH2O]

premium---- 3/4 ah trinis doh use premium or if they using it is cause they wanna say aye soulya is only premium i running eh

The octane level in Super is not high enough for some vehicles.

Works fine by me on the skyline

[pioneer]

So they want to reduce fiscal deficit yet they spending money like is nothing an purchasing uneccessary crap via their ministries.

Yeah, ok.

[dougla_boy]

was d deal with the naval vessels that they bringing in?

[TRAE]

premium---- 3/4 ah trinis doh use premium or if they using it is cause they wanna say aye soulya is only premium i running eh

The octane level in Super is not high enough for some vehicles.

Works fine by me on the skyline

Duane I understand that, you hadda put premium in the evo (more as a precaution) because its a higher end vehicle but people putting premium in sunny, corolla and accent still

[nervewrecker]

So they want to reduce fiscal deficit yet they spending money like is nothing an purchasing uneccessary crap via their ministries.

Yeah, ok.

Ask the acct's department what really went on, they will give you the run down.

They usually try to blow out all the $$$ allocated to them for the fiscal year before budget. They usually buy all what they need and reason why you now seeing it being 'bought' is because it now arriving, it was all paid for before the budget.

[RBphoto]

Why would massey market a car for the people... the Tiida... as an almera replacement..... when it clearly needs premium?

[Hook]

what about a Corolla with a modded 11.5:1 CR n/a motor?

you can't generalize so much brah, some people do it out of necessity, even if it's an older model car

There are PB* Accents rolling around pinging on super, mostly because of carbon build-up, but not many people are knowledgeable about these things and their mango-tree mechanics would advise them to use Super until they can afford to buy a new car/engine and they TAKE this advice...you can't fault them

try to be less douchebagish and do your part to educate instead of condemning...and use a narrower paintbrush

[neilsingh100]

Howai said in the coming months Super and Diesel would be revised.