The FACT is that the government are taxing our fuel, and it's the major cost. £0.57 is duty a litre, and the VAT is on top of the price and duty. At £1.15 a litre, the petrol station and fuel company are taking 40 pence, and the government are taking 74 pence.
So do your basic maths with that, the government is taxing 281% on fuel.
The price of a barrel of oil has doubled in just a couple of years, and the petrol prices haven't. Fuel companies just a few years ago were making a loss, now they're making a profit. It's supply and demand at the moment, and the demand is too high. And our Prime Minister has the cheek to sit the fuel companies down, and say they are charging too much. What a joke.
The bottom line is, the government won't drop fuel prices. We live in a country with the worlds highest fuel duty, the government can't lower the duty otherwise they wouldn't be able to afford to pay for nice houses and benefits for the unemployed. The demand is far to high, so petrol companies can't drop their prices.
Until a viable alternative comes along, such as fuel cell cars which will likely be the future...... complaining won't help (we don't really live in a democracy), so just buy fuel efficient cars. It's the only way. When that alternative does come along, expect car tax to rocket, as the government has no way of plugging that deficit.
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Jason Moller
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