"steve robinson" wrote in message
...
Clive George wrote:

"steve robinson" wrote in message
...

The cost to put petrol or desiel on the forcourt is something
around 40 pence per litre 80 pence is tax

More like 47/73 - and it's the left hand figure which is going up in
leaps and bounds. If it hits 1.50/litre on the forecourt, it'll be
about 75/75.

It costs less than 2 dollars a barrel to lift it out of the ground ,its
just the way the tax escalator works .Most other countries have a fixed
tax collection figures

No, it's nothing to do with that.

Unless you've had your head in the sand for the past, ooh, ever, you'll have
noticed that people talk about the price of oil - it's the one quoted in
dollars per barrel. This has been going up rather a lot recently, and oil
companies are normal businesses - they sell their product at the market
rate. So even if it costs $2/barrel for them to get the oil (which is very
much at the cheap end), there's no way you're paying less than the $120 or
so it sells for at the moment.

If it hits 1.50/litre on the forecourt any time soon, it won't be to do with
tax, it'll be to do with the price of the raw product.

clive