Scott3:

Geektastic: They don’t place any restriction on people filling tanks or bowsers with petrol to stockpile it. Why should RUCs be any different? I’ll buy at least 10,000 when the price drops and they can argue with me if they so wish.

 

The situation is not comparable:

• There are barriers to storing large quantities of petrol, such as the need for vessels to put it in, or cost to buy them. - HSNO regulations put restrictions around storing the fuel too.


• Petrol's shelf life. - generally speaking consuming petrol is best consumed within 6 months.


• 25c tax cut on $3/L petrol is an 8.3% discount. Need to tie up 4.3 times as much capital for the same savings vs buying RUC's at a 36% discount.


• One would also be speculating petrol prices will remain high. Quite possible that the conflict in Ukraine will end, and fuel prices will drop dramatically as a result.

 

With Diesel RUC's;

• Zero storage cost.


• They don't have a limited shelf life.


• 36% discount.


• Not coupled in with fuel prices, so negligible chance that they will end up even cheaper in a few months.

 

That said, While it would be very easy to retrospectively audit use. (i.e. if somebody brought more discounted RUC's than they mileage they did between 12 month WOF's, it would be obvious they over purchased discounted RUC's), I suspect the government will turn a blind eye to this.

1. There is a per transaction fee. So RUC's is typically purchased in large blocks by many.


2. The press releases seem to discuss intent, rather than actual usage. Intent is very hard to prove. I could have been planning day trips to distant surf beaches twice a week for the three months, but then change my mind after the first trip.