In this world nothing can be said to be certain, except death and taxes.
We are systematically being sold up the river by these grubby politicians!!!
QuoteIn this world nothing can be said to be certain, except death and taxes.Benjamin Franklin 1789
Christo QuoteWe are systematically being sold up the river by these grubby politicians!!!Or the Scientists ?
Off you go Christo. We're right behind you ......
Guy Fawkes — The only man ever to enter Parliament with honest intentions
QuoteGuy Fawkes — The only man ever to enter Parliament with honest intentionsand look what happened to him !Anyway, we need to pay our taxes. They help to maintain the roads ........
Who else remembers that VAT was meant to be a temporary, short-term measure?
Its not quite that straight forward. One barrel of oil is about 35 gallons. From that, about 120 litres or diesel and petrol is refined. The rest becomes other things like aviation fuel, other oils etc so for a $50 barrel, the cost of the bit that gets turned into road fuel is about $37.50 making the raw materal cost about $0.31 / litre or £0.20 in real money.Add in fuel duty at about 60p/l and the cost before refining, distribution and profit is £0.80/litre. Add VAT, and the 1p/litre the retailer gets (yes that is why they hate the gits that drive off without paying) and the price becomes £0.96/litreAdd in the refining and distribution costs and I doubt we will see petrol or diesel ever fall below £1 per litre again unless HMRC drastically reduce their duty rates.
transport costs would remain constant