Fuel prices: Petrol stations face urgent review of fuel duty cut – BBC News<\/a><\/p>\n\n\n\n\u00a3100 is now the average cost to fuel a car with petrol. Take a step back, and consider this:-<\/p>\n\n\n\n
You have to earn about \u00a3150 “before tax” to take home \u00a3100 in your bank account. Thus you have already paid \u00a350 in tax.<\/p>\n\n\n\n
Now you fuel up and pay \u00a3100 on fuel, now that \u00a3100 is comprised of:-<\/p>\n\n\n\n
\u00a316.67 VAT (Valued Added Tax)<\/p>\n\n\n\n
\u00a332.74 is Fuel Duty (Fuel Tax)<\/p>\n\n\n\n
\u00a335.84 is the fuel supplier (the wholesale cost)<\/p>\n\n\n\n
\u00a39.71 is biofuel (additives)<\/p>\n\n\n\n
\u00a33.92 is the retailers margin<\/p>\n\n\n\n
\u00a31.12 is delivery costs.<\/p>\n\n\n\n
<\/p>\n\n\n\n
So the \u00a316.67 + \u00a332.74 = \u00a349.41.<\/p>\n\n\n\n
Thus 49% of the \u00a3100 is tax, but you had to pay \u00a350 on the \u00a3150 earned to take home \u00a3100, and then you have to pay \u00a349.41 on tax……<\/strong><\/p>\n\n\n\nThe wise American, Mark Twain was right, only 2 things in life are certain, you pay taxes and you die.<\/p>\n","protected":false},"excerpt":{"rendered":"
There is wide spread media stories of the cost of fuel. Fuel prices: Petrol stations face urgent review of fuel duty cut – BBC News \u00a3100 is now the average cost to fuel a car with petrol. Take a step back, and consider this:- You have to earn about \u00a3150 “before tax” to take home […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4469","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4469"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4469\/revisions"}],"predecessor-version":[{"id":4470,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4469\/revisions\/4470"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}