Jobs & Education2 mins ago
Fuel Pricing In U.K.
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.
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.
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