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Booker's Latest Vegetable Cooking Oil Prices November 2013
These are Booker’s latest new vegetable oil prices for November 2013 – Chef’s Larder Vegetable Oil £19.79 – 20ltr, Consumer’s Pride Rapeseed Cooking Vegetable Oil £18.99 – 20ltr, Consumer’s Pride Vegetable Cooking Oil £17.49 – 20ltr, KTC Pure Vegetable Cooking Oil 4 x 4ltr £17.65 – 16ltr, Consumer’s Pride Vegetable Cooking Oil £17.99 – 20ltr, KTC Vegetable Cooking Oil £16.29 – 20ltr, KTC Vegetable Cooking Oil £15.99 – 20ltr, Prep ZT Long Life Vegetable Oil £20.19 – 15ltr, Chef’s Larder Vegetable Oil £19.79 – 20ltr, KTC Vegetable Cooking Oil £15.39 – 15ltr.
Waste vegetable oil
As of 2000, the United States was producing in excess of 11 billion liters (2.9 billion U.S. gallons) of waste vegetable oil annually, mainly from industrial deep fryers in potato processing plants, snack food factories and fast food restaurants. If all those 11 billion liters could be collected and used to replace the energy equivalent amount of petroleum (an ideal case), almost 1% of US oil consumption could be offset. Use of waste vegetable oil as a fuel competes with some other uses of the commodity, which has effects on its price as a fuel and increases its cost as an input to the other uses as well.
Pure Plant Oil (Straight Vegetable Oil)
Pure plant oil (PPO) (or Straight Vegetable Oil (SVO), in contrast to waste vegetable oil, is not a byproduct of other industries, and thus its prospects for use as fuel are not limited by the capacities of other industries. Production of vegetable oils for use as fuels is theoretically limited only by the agricultural capacity of a given economy. However, doing so detracts from the supply of other uses of pure vegetable oil.
Taxation of fuel
Taxation on SVO/PPO as a road fuel varies from country to country, and it is possible the revenue departments in many countries are even unaware of its use, or feel it insufficiently significant to legislate. Germany used to have 0% taxation, resulting in it being a leader in most developments of the fuel use. However SVO/PPO as a road fuel began to be taxed at 0,09 Euro/liter from 1 January 2008 in Germany, with incremental rises up to 0,45 Euro/liter by 2012. However, in Australia it has become illegal to produce any fuel if it is to be sold unless a license to do so is granted by the Federal Government. This is a chargeable offense with a fine of up to 20,000 dollars but this bracket may alter circumstantially. Also a jail term may result if offenders are aware of the illegality of selling the fuel.
The legality of burning SVO in the United States of America is debated by many. Though vehicle conversions are available both as "do-it-yourself" kits, or professionally installed in virtually every metropolitan area, the EPA clearly states vegetable oil (raw or recycled) is not registered for use as a vehicle fuel. Further, vehicles converted to use vegetable oil as fuel would "likely need to be certified by the EPA," and no such certifications have been done to date.
There seems to be no clear federal taxation system in the USA. Production of biodiesel in some US regions may require motor fuel taxes to be paid.
The Japanese Government has also exempted the use of SVO as a fuel from road tax.
Republic of Ireland
In the Republic of Ireland a pilot scheme is currently running, whereby as of April 2006, eight suppliers have been approved to sell SVO/PPO for use as a fuel without the payment of excise duty (Value Added Tax at 21% still applies). SVO from any other source still attracts excise duty at 36.8058 Euro cents per litre plus 21% VAT).
Despite its prevalent use in France, it appears there has been no legislation to date to cover this.
In the UK it is legal once duty on the fuel is paid, or, in the case of using or producing less than 2,500 litres per year, no duty is necessary.
In the UK, drivers using SVO/PPO have in the past been prosecuted for failure to pay duty to Her Majesty's Revenue and Customs. The rate of taxation on SVO was originally set at a reduced rate of 27.1p per litre, but in late 2005, HMRC started to enforce the full diesel excise rate of 47.1p per litre.
HMRC argued that SVOs/PPOs on the market from small producers did not meet the official definition of "biodiesel" in Section 2AA of The Hydrocarbon Oil Duties Act 1979 (HODA), and consequently was merely a "fuel substitute" chargeable at the normal diesel rate. Such a policy seemed to contradict the UK Government's commitments to the Kyoto Protocol and to many EU directives and had many consequences, including an attempt to make the increase retroactive, with one organization being presented with a £16,000 back tax bill. This change in the rate of excise duty effectively removed any commercial incentive to use SVO/PPO, regardless of its desirability on environmental grounds; unless waste vegetable oil can be obtained free of charge, the combined price of SVO/PPO and taxation for its use usually exceeded the price of mineral diesel. HMRC's interpretation is widely challenged by the SVO/PPO industry and the UK pure Plant Oil Association (UKPPOA)] was formed to represent the interests of people using vegetable oil as fuel and to lobby parliament.
Following a review in late 2006, HM Revenue & Customs has announced changes regarding the administration and collection of excise duty of biofuels and other fuel substitutes (Veg Oil). The changes came into effect on June 30, 2007. There is no longer a requirement to register to pay duty on vegetable oil used as road fuel for those who "produce" or use less than 2,500 litres per year. For those producing over this threshold the biodiesel rate now applies.
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