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Is petrol a tax

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Anonymous

16y ago
Updated: 8/17/2019

No. Petrol is short for petroleum, and it is the British word for gasoline. It is not a tax.

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Wiki User

16y ago

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Related Questions

What is the tax?

The Gas Tax is a tax imposed on most petrol or gas distributors and passed on to consumers. The tax is only used for petrol sold to vehicles that are intended for transportation.


What is the gas tax?

The Gas Tax is a tax imposed on most petrol or gas distributors and passed on to consumers. The tax is only used for petrol sold to vehicles that are intended for transportation.


How much is tax on petrol?

It depends on which country you are in.


What percentage of the cost of a gallon of petrol is tax in Britain?

Varies by state


How much tax does the UK government take per liter of Petrol?

------------------------- 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% ------------------------- 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%!


How much money does the UK government earn from tax on petrol and diesel?

In the UK, the government earns around £28 billion annually from tax on petrol and diesel. This revenue is primarily generated through fuel duties and Value Added Tax (VAT) on fuel sales.


How much does the UK government earn in tax revenue from petrol and diesel each year?

The UK government earns around £28 billion in tax revenue annually from petrol and diesel. This includes fuel duty and VAT on fuel sales.


What tax is taken from your salary or wage and what does it help to pay for?

the tax taken from salary or wage is the nhs , govement taxes for petrol etc and pensions for the old, this is all taken from your income tax


Why is gas or petrol prices in Australia higher than the US?

Simple 3 letter word- TAX


Why did the petrol prices come up?

The price of fuel went up in the UK due to a 2p tax per litre.


What is the noun for petrol?

Some collective nouns to use for petrol are a tank of petrol, a can of petrol, a container of petrol.


Why is petrol pink?

Uh it isn't? , the only explanation I can seem to think of for even proposing that query is that you have Witnessed Red diesel (Which,is Obviously Red and not pink) which is a Duty/VAT and largely tax free fuel used for Agro-cultural Purposes . and I really, really hope you ain't been filling your Vehicle up with that! .... because , Red diesel> No Tax > No tax> tax evasion > is a criminal offense.