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Petrol

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GrandOldTeam

GrandOldTeam

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I know this has been discussed before , but can anyone tell me of a reason (other than ridiculous taxing from the government) I might be missing as to why our country (UK) has the highest petrol price in Europe?

Now I know about prices going up anyway, China economic boost etc, but surely the bulk of the blame lies with the government? Taxing something daft like 70%, trying to disguise it by blaming oil companies (profit margins).

So why the huge disparity? Well, it all comes down to tax. According to PetrolPrices.com, if petrol was 90p a litre (oh, those were the days) then 47.1p would go on fuel duty, plus another 13.4p on VAT. Another 23.2p pays for the petrol itself, and 6.3p goes to the retailer.
So near enough 70% of the price you pay at the pump goes into the government's coffers. And that's not the only benefit that the government gets out of $100 oil. There's also the tax on North Sea oil producers, which was raised in both 2002 and 2005, so that oil companies pay 50% corporation tax on their earnings from the North Sea.
So let's see. The Treasury takes 50% of the money made when the oil comes out of the ocean bed. Then it takes pretty much 70% of the money spent when it comes out of the pump. And yet people want yet more oil money to go to MPs? So that they can spend it on something worthwhile no doubt, like subsidising their offspring's university education perhaps; or pouring more cash into the black hole that is the London Olympics?
Click to expand...

Do any opposition party claim to reduce petrol prices? I have never voted but I would actually register and vote for a party who would bring us inline with the rest of Europe.
 
In defence of the government, petrol is just one method that they can use to raise revenue, which, in turn, is then used to pay for things like the NHS. I personally prefer direct taxation, taken out of wages every month. These countries in Europe often have higher rates of tax (Denmark has a 50% basic rate) but cheaper fuel prices. But I agree that petrol has become a silly amount now and it tends to be the poorer or the small businessman that suffers.
 
When I first went to my sister in laws in Chichester the cost was not that bad .Now I try to avoid taking the wife there because of the cost its a disgrace .there was a guy in the pub who is actually in favour of the high tax on fuel his reasons are even the road tax and insurance dodgers have to pay it and of course the old chestnut those benifit cheats in their big flashy cars(never met one myself):(
 
Tax is 67% approx. Supposed environmental tax. Utter bollocks as it does not get re-invested into the environment. Day light robbery.

Oh yeah. I am in the heavy haulage business. The tax laws are a bag of bollocks. Anyone that complains about HGV's should stop wearing clothes, eating food, driving cars and filling with fuel, as without HGV's these all go. Make tax for domestic users. I can compromise on that. But why bugger up the economy by stopping haulage.
 
Im a cabbie, but i can understand the tax on fuel (the more you use, the more you are taxed) but think that the amount of tax is to high.

October 2006, you could by diesel for 87p per Litre
May 2007, i have seen prices of 130p per litre

almost £2 a gallon increase in 19 months
 

I know we don't have it as bad as you, but here the price just jumped 15 cents a gallon from this week to last week. I am now paying ~$4.50 a gallon.
 

its a joke in australia as well it pissing me off... iam driving the company car as much as possible to save me every cent
 
With both my wife and I being disabled I have to drive every where even to get a newspaper the local shop dont deliver .and the short trips are a killer I drive a Scenic grand I need a decent sized car to carry the mobility scooters and with the extra weight of them the cost goes up excuse me while I log off to sob:lol::lol::lol:
 

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