Petrol Price Crisis & the Blame Game

Antony Nailer • Jun 17, 2022

The government needs to reduce fuel duty now!

The price of petrol at the pump on 15th June 2022 was on average 186p per litre.

 

Petrol is made up of octane, heptane, and 7% bioethanol. Fuel duty was reduced earlier this month from 57.95p per litre to 52.95per litre, just 5p.

 

  • Petrol price per litre 186p
  • Petrol wholesale cost 96p
  • Petrol & bioethanol duty 53p
  • Retailer profit 4p
  • Delivery 2p
  • Net price 155p
  • VAT @ 20% 31p
  • RETAIL PRICE 186p

 

The UK fuel duty is 20% higher than 35 other major economies and steadily crippling

domestic customers.

 

Retailer profit is below the recent 5p government discount but with prices rising almost every day the retailer has to keep paying more for supplies, which uses all the profit and more and creating a cash flow problem.

 

The government blaming the retailer for not passing on the fuel duty reduction is a blatant attempt to avoid the focus of greed on itself.

 

  • Fuel wholesale cost 52%
  • Government tax 45%
  • Retail profit 2%
  • Delivery cost 1%

 

UKIP demands the government starts to show some compassion for the people of this nation and reduce fuel duty by 10p per litre to bring it in line with 35 other leading nations.

 

Antony Nailer

UK Independence Party - Spokesman for Transport


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