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As of October 2010, the average price for a litre of Petrol in the UK is £1.199
The cost would be split as follows
Product = 39.85p
Retail and Distribution = 5p
Fuel Duty = 57.19p (tax)
VAT = 17.86p (tax)
75.05p in tax or 62.6%
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Assuming lines 1 to 6 are correct, line seven is TOTALLY misleading. This makes people think tax on petrol is 62%. Whereas the person means 62% of the total. The actual percentage is 75.05/44.85x100% = 167% tax
So tax on a MARS bar = 17.5%
Tax on petrol = 167%
Fair? When was the last time a politician was honest enough to mention percentage tax. Instead they say 3p added per litre, etc.
A couple of years ago the petrol was only about 20p, which made the percentage tax around 500%!
Wiki User
∙ 13y ago
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