General > Random Chat
Outrageous
RedRobin:
--- Quote from: Rich on April 29, 2010, 04:34:39 pm ---
Its the tax tax tax what your paying for... then VAT on the fuel you've bought :signLOL:
--- End quote ---
....Precisely, Rich!
Joe hasn't cottoned onto that yet, it seems.
Richn83:
Oil companies dont make much on the fore-court, its a matter of pence with most of the cost coming from tax as Rich said. Teh oil company record profits are made from exploration and other activitivities and products they crack off of the crude.
The cost of our petrol is affected by two factors, the diesel cost is inflated due to the over-demand for diesel now-adays, as our aging refineries dont produce as much diesel as required, as when they were built diesel wasnt used in commercial vehicles in the volume it is today. And if you remember that petrol used to be cheaper than diesel, that was due to over production as people switched to diesel. But the lazy yanks figured out they could import our refined petrol cheaper than they could import crude and refine it so started buying our petrol excess inflating the petrol price again! :fighting:
And then the goverment tax us every which way on the small amount that petrol actually costs, not sure if people remember the last oil crisis iirc the goverment made an extra 50million in tax than expected due to price increases, and then still increased the tax to raise even more. :fighting:
Garth:
Think yourself lucky, I've filled up 3 times in the last week! :scared:
VC:
:sad1:
Thor:
Guys, as pointed out already, it's the tax thats the issue, 63% of the price of a litre of premium unleaded is tax and 61.2% on Super unleaded (taken from AA Fuel report for April http://www.theaa.com/onlinenews/allaboutcars/fuel/2010/april2010.pdf,) then add 17.5% VAT on to that and just do the math on what the treasury is taking in Fuel Duty.
So if the fuel companies are making a couple of billion on world wide profits how much do you think the UK Government is taking in revenue !!!!!!!
Pays your money and takes your choice, I just wish they would maintain the highway infrastructure to a higher standard.
just my 2p
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