How much does a litre of fuel actually cost

Rebel t3i

Rebel t3i

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Just found this breakdown of fuel costs when vat was only 17.5%

fuel duty 58p (44%)
manufacturer 47p (35%)
VAT (the tw@ 22p (17%)
Retailer 5p (4%)
Note: Based on average UK unleaded price & percentage data from PetrolPrices.com as of 3 Jan 2013. VAT is 20% of all the other costs.

source http://www.moneysavingexpert.com/tra...er-fuel#petrol
 
What gets me is that, based on those figures, we're paying VAT on the fuel duty too - a tax on tax.........
 
That's correct and is something that has been pointed out elsewhere. We pay tax on tax.
fuelgraph.jpg



http://www.petrolprices.com/the-price-of-fuel.html
 
Don't get me wrong.

I drive and I do find the cost of petrol a stress on my budget, I don't like the cost of petrol being too high, like every motorist do.

However sometimes I can't help wondering....

A 2lt bottle of Cola Coke would cost something like £2 (ish) and a 1.5lt bottle would cost something like £1.20 (ish) or something like that.

So a 1lt petrol would costs something like £1.40 (ish)

Of course, a litre of petrol may costs something like tens of pennies more than litre of soft drinks, but it's just about tens of pennies, like 10p, 20p, or 30p (ish) more than a bottle of soft drink, it is not like petrol is few pounds expensive than soft drinks.

So althought it is annoying that cost of petrol keeps going up and up and up every few weeks, as well as too much tax on top of it, surely it's not really that bad even if it is only just like 20p more than soft drinks. If petrol were like £2 more than a bottle of soft drinks, voting in 2015 is gonna come early!

By the way, I never thought about it, but just wondering, why do the government have to have two taxes on fuel, the fuel duty and VAT? What is the fuel duty tax really supposed to be for?
 
What is the fuel duty tax really supposed to be for
Click to expand...

It's not particularly 'for' anything, other than a tax called something different. It's better, from a spin point of view than having a VAT rate of 110% on fuel.
Not that it makes much difference as we mostly have little option but to pay it.
 
Major Eazy said:
Don't get me wrong.

I drive and I do find the cost of petrol a stress on my budget, I don't like the cost of petrol being too high, like every motorist do.

However sometimes I can't help wondering....

A 2lt bottle of Cola Coke would cost something like £2 (ish) and a 1.5lt bottle would cost something like £1.20 (ish) or something like that.

So a 1lt petrol would costs something like £1.40 (ish)

Of course, a litre of petrol may costs something like tens of pennies more than litre of soft drinks, but it's just about tens of pennies, like 10p, 20p, or 30p (ish) more than a bottle of soft drink, it is not like petrol is few pounds expensive than soft drinks.

So althought it is annoying that cost of petrol keeps going up and up and up every few weeks, as well as too much tax on top of it, surely it's not really that bad even if it is only just like 20p more than soft drinks. If petrol were like £2 more than a bottle of soft drinks, voting in 2015 is gonna come early!

By the way, I never thought about it, but just wondering, why do the government have to have two taxes on fuel, the fuel duty and VAT? What is the fuel duty tax really supposed to be for?
Click to expand...

I think it's less to do with any comparisons, most people are upset about the amount the government adds to the cost, no other area would be able to suffer that level of tax.
 
We can moan all we like about the tax on fuel, but if it wasn't taxed, something else would be taxed to make up the difference.

Better that it is on something environmentally damaging where the higher cost might reduce use.

If anything, I think the duty on fuel should be increased and road tax abolished.


Steve.
 
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Steve Smith said:
We can moan all we like about the tax on fuel, but if it wasn't taxed, something else would be taxed to make up the difference.

Better that it is on something environmentally damaging where the higher cost might reduce use.

If anything, I think the duty on fuel should be increased and road tax abolished.

Steve.
Click to expand...

Road tax was abolished in 1937 ;)
 
They have us by the short and curly's, pay it or walk :lol:
 
The high rates of duty and tax on fuel increase the price of a wide range of things, because suppliers and retailers pass the distribution costs on to customers. It works out very well for the state, because this increases the amount of VAT customers pay at the point of sale too.
 
Major Eazy said:
Don't get me wrong.

I drive and I do find the cost of petrol a stress on my budget, I don't like the cost of petrol being too high, like every motorist do.

However sometimes I can't help wondering....

A 2lt bottle of Cola Coke would cost something like £2 (ish) and a 1.5lt bottle would cost something like £1.20 (ish) or something like that.

So a 1lt petrol would costs something like £1.40 (ish)

Of course, a litre of petrol may costs something like tens of pennies more than litre of soft drinks, but it's just about tens of pennies, like 10p, 20p, or 30p (ish) more than a bottle of soft drink, it is not like petrol is few pounds expensive than soft drinks.

So althought it is annoying that cost of petrol keeps going up and up and up every few weeks, as well as too much tax on top of it, surely it's not really that bad even if it is only just like 20p more than soft drinks. If petrol were like £2 more than a bottle of soft drinks, voting in 2015 is gonna come early!

By the way, I never thought about it, but just wondering, why do the government have to have two taxes on fuel, the fuel duty and VAT? What is the fuel duty tax really supposed to be for?
Click to expand...
A litre of petrol should cost a lot less than a litre of coke, it tastes far worse
 
funny how nobody moans about the cost of beer, average price around £24 a gallon.
 
canonrebel said:
funny how nobody moans about the cost of beer, average price around £24 a gallon.
Click to expand...

The price of fuel affects just about everyone, whether they have a car or not, and there's nothing you can do about it. Drinking is a personal choice.
 
One thing I am thankful for.....I don't pay for my own fuel. Not a penny.
 
work vehicles/fuel cards are a blessing - but I still have to manage the budget the cost of the fuel comes out of so I just stress about the cost to my cost centre rather than the cost to my pocket
 
Major Eazy said:
What is the fuel duty tax really supposed to be for?
Click to expand...

There are no hypothecated taxes aside from the Television licence, and that is an optional tax (don't watch or record live TV and you don't pay it).

Like income tax, VAT and everything else, it all goes to the "consolidated fund" from which all Government spending comes.
 
Too much is the simple answer. £6.30 per gallon is rediculous. How much to fill an average family four-seater, £70, possibly more. I'm glad I get 75 mpg!!
 
Inkjet ink - works out at over £3,000 a litre buying the 9ml cartridges for the "cheap" printers. Much dearer than Vintage Champers.

And you are paying VAT in that

As the old adage goes
"Born Free, Taxed to Death"

Still the Ship of State is a costly vessel...
 
yoo might as well say how much is a x of anything?

Loaf of bread?

Current price of wheat is around £150 per tonne... or 15p / kg.. so for a 800 g loaf for all ingredients about 15-20p, yet it retails anywhere between £1.30 - £1.80... processing costs and mark ups.

How much does it cost to make litre of whisky? then add "duty"...
 
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