Quote:
Originally Posted by duggie
approx 90 pence per ltr is tax, it's the goverment we need to be protested against not the garages,
United Kingdom
Main article: Hydrocarbon oil duty
From 4th January 2011 the UK duty rate for the road fuels unleaded petrol, diesel, biodiesel and bioethanol is GB£0.5895 per litre (£2.65 per imperial gallon or £2.20 per U.S. gallon).[3] Value Added Tax at 20% is also charged on the price of the fuel and on the duty.
Using the UK average untaxed pump price for unleaded petrol of £0.4572 per litre (from the December 2010 average taxed price of £1.221 per litre,[4] the duty rate of £0.5819 per litre[3] and the then VAT rate of 17.5%) this would give a January 2011 taxed price of £1.256 per litre (£5.71 per imperial gallon or £4.75 per U.S. gallon) - that is equivalent to a tax rate of 175%.
Diesel for use by farmers and construction vehicles is coloured red (Red Diesel) and has a much reduced tax, currently £0.1133 per litre.[3]
Jet fuel used for international aviation attracts no duty, and no VAT
|
Nice one duggie, I agree on the UK tax, but why are the oil companies making great big profits, it would suggest that the product is over priced to start with even before hm.gov get their tax bit