Current UK duty on petrol is around 58p a litre.
And VAT on top I assume.
So, wholesale price drops 60% yet price to consumer drops 27% odd ?
So, wholesale price drops 60% yet price to consumer drops 27% odd ?
So, wholesale price drops 60% yet price to consumer drops 27% odd ?
The worrying thing is that when the price per barrel of crude goes up again , as it inevitably will, will the price at the pump rise at the same level, i.e. if crude rises to over $ 100 dollars a barrel, will refined petrol double in price from what it is now, or go up only as high as it was before?
Yes because the duty is a fixed amount per litre, with 20% added to that, whatever the wholesale price is. So without duty/tax, cost has fallen from about 75p a litre to 35p a litre
So we are being ripped off then... recently I was in France and a quick calculation of their petrol was 78 p a litre.
£200 million a day we're borrowing aren't we. Got to collect taxes from somewhere I guess, if it wasn't from petrol, would be from something else. That NHS doesn't come cheap !!
You say " we " ? I'm not borrowing anything, I don't have a mortgage or a credit card or any loans so don't lump it all on me... I've only been to the doctor once in the last 3 years too !
Can't remember last time I went, probably been removed from the list !! Can that happen if you never go ? Genuine question
You say " we " ? I'm not borrowing anything, I don't have a mortgage or a credit card or any loans so don't lump it all on me... I've only been to the doctor once in the last 3 years too !