According to ITV News and Weather, based on petrol costing £1.33 per litre:
- 53p goes to the fuel company
- 22p is paid in VAT (value added tax) at twenty percent
- 58p is paid in fuel duty
This equals 80p in tax, per litre
A UK gallon = 4.54609188 litres. This means we pay £6.05 per gallon, of which £3.64 is tax
The cost of petrol is actually £1.359. The Conservative Prime Minister David Cameron and his Chancellor George Osborne intend to increase the cost of petrol by 3p per litre in January 2012 and again in August.
Originally posted on Tuesday 15th November 2011
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