There are 159 litres in a barrel of oil
Going on a price of $60 per barrel.....
a litre therefore costs 0.37$ per litre (1.6$/£)......
Therefore 23 p per litre goes to the Supplier when Petrol is £1 per litre....
7 p per litre goes to the Petrol Stations / oil refineries......
The Government charges (per litre):
53p TAX = 70 p TAX
17p VAT
The USA consumes 21 million barrels a day and has a population of 301 million people. Therefore if the Uk population consumes roughly the same proportion a day then that equates to 4 million barrels a day
So Govt tax = 4million x 159 litres x 0.7 x 365(days)= £163 billion tax a year
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