Fuel Pricing In U.K.

[Alltorque]

Not a question, just some facts. UK price for unleaded petrol is made up as follows, (figures slightly rounded to allow single decimal places).

Fuel Cost : 35.4 p/Ltr variable

Excise Duty : 47.1 p/Ltr fixed

VAT : 14.4 p/Ltr variable depending on Fuel Cost

Total Cost : 96.9 p/l

VAT is levied on both the fuel cost and the Excise Duty, so we're paying tax on a tax. Neat trick.

[Grunty]

Quite so.  Some of the cost will be transport, but I cannot imagine it being very much per litre.  A surprising fact emerged recently (I may have the original quote but can't find it at the moment) - in Venezuela, petrol costs less than mineral water.