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"Read that Gov duty on fuel means 62% (not 62p) of the cost of a litre of fuel is tax. So on a £134.9 litre of fuel 83.6p is tax and 51.3p goes to the company who actually go out drilling for it and get it to the petrol pump." And people wonder why companies minimise their tax burden as much as possible. 51.3p doesn't leave a lot of room for profit if you consider the cost of drilling, transportation and all the wages involved for the people doing it. The problem with domestic fuel supply is that we produce enough of our own to supply the country but we sell ours for more than we import others but the cost of importing it means it gets passed onto the consumer whilst the profits of selling our own oil is kept by the petrol companies (after tax of course). | |||
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"Bought a Fiat Seicento 900 for running around during the week and through the winter and use the M5 on selected days so to be honest the greedy feckers can charge what they want. " Isn't the M5 quite a distance from Warrington? | |||
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"Read that Gov duty on fuel means 62% (not 62p) of the cost of a litre of fuel is tax. So on a £134.9 litre of fuel 83.6p is tax and 51.3p goes to the company who actually go out drilling for it and get it to the petrol pump. And people wonder why companies minimise their tax burden as much as possible. 51.3p doesn't leave a lot of room for profit if you consider the cost of drilling, transportation and all the wages involved for the people doing it. The problem with domestic fuel supply is that we produce enough of our own to supply the country but we sell ours for more than we import others but the cost of importing it means it gets passed onto the consumer whilst the profits of selling our own oil is kept by the petrol companies (after tax of course)." I say Wishy!....Cracking post | |||
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