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VAT on derv
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<blockquote data-quote="Courier" data-source="post: 6078458" data-attributes="member: 868"><p>Storing DERV on farm very rarely makes financial sense nowadays unless you can buy in 20,000 litre tanker loads - A permanently discounted fuel card which tracks the wholesale market will be no more expensive and less liable to unidentifiable losses.</p><p>-</p><p>Cowabunga said: <a href="https://thefarmingforum.co.uk/index.php?goto/post&id=6076050#post-6076050" target="_blank">↑</a></p><p>You really have to watch those card prices like a hawk though, because very often you will find them deducting more than local general pump prices.</p><p>I would agree with the above on such as UKFuels, KeyFuels etc who will try to lure you in with a "prospecting price" which they compare to national averages often including motorway services and can end up varying wildly week to week and even appearing as a higher price than posted at the pump where you draw fuel.</p><p>-</p><p>What you need is a price which is linked to the weekly wholesale ( PLATTS Rotterdam) price plus a fixed margin .</p><p></p><p>We have been using this system for about 5 years now and the only time I have seen pump price at a similar level has been when there is a local supermarket promotion war.</p><p></p><p>My regular discount from our local Esso station pump price is in the region of 5 to 6 ppl and I have known the discount compared to a Motorway Services station be as much as 20 pence per litre. (All prices are Ex VAT which is detailed in the bi-weekly invoice.)</p><p></p><p>If your regular routes take you past a Costco then that will be competetive.</p></blockquote><p></p>
[QUOTE="Courier, post: 6078458, member: 868"] Storing DERV on farm very rarely makes financial sense nowadays unless you can buy in 20,000 litre tanker loads - A permanently discounted fuel card which tracks the wholesale market will be no more expensive and less liable to unidentifiable losses. - Cowabunga said: [URL='https://thefarmingforum.co.uk/index.php?goto/post&id=6076050#post-6076050']↑[/URL] You really have to watch those card prices like a hawk though, because very often you will find them deducting more than local general pump prices. I would agree with the above on such as UKFuels, KeyFuels etc who will try to lure you in with a "prospecting price" which they compare to national averages often including motorway services and can end up varying wildly week to week and even appearing as a higher price than posted at the pump where you draw fuel. - What you need is a price which is linked to the weekly wholesale ( PLATTS Rotterdam) price plus a fixed margin . We have been using this system for about 5 years now and the only time I have seen pump price at a similar level has been when there is a local supermarket promotion war. My regular discount from our local Esso station pump price is in the region of 5 to 6 ppl and I have known the discount compared to a Motorway Services station be as much as 20 pence per litre. (All prices are Ex VAT which is detailed in the bi-weekly invoice.) If your regular routes take you past a Costco then that will be competetive. [/QUOTE]
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