Quote:
Originally Posted by Parker
Based on the last recession fuel in 1986 was around £1.80 per gallon average with inflation at roughly 3.5% annually then petrol should be costing £4.32 per gallon today. Is it any wonder people think twice before going for a drive.
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Not sure what the duty, on unleaded, was in 1986, but in 1989 it was £0.1772 per litre.
It is now £0.6097!!! I like the way they then apply the VAT on the duty
With this slump in sales it is a massive amount of revenue lost for the government though
P.S. I have just worked out tax and duty on a tank full for our cars is £47.56 per tank.