2011 Uk petrol sales drop 15%,..less money for the treasury
Discussion
http://www.dailymail.co.uk/news/article-2012480/Fu...
That's a very impressive drop is a short period. I wonder if it will translate into lighter traffic?.........
That's a very impressive drop is a short period. I wonder if it will translate into lighter traffic?.........
kambites said:
I believe that is not true. I think while prices have risen an average of about 50p/l, duty has risen about 10p? Obviously vat has gone up but not enough to cover the short fall.
Doesn't this further argue my point?They were making 60% of c. £0.90 (£0.54)
They now make 60% of £1.30 (£0.78)
Let's say I bought 100 litres 3 years ago, and only 85 litres this year (which is 15% less)
100 litres x £0.54 of fuel taxes = £54.00 (3 years ago)
85 litres x £0.78 of fuel taxes = £66.30 (today)
This is providing duties and taxes stayed the same, which we all know have actually INCREASED (VAT, for example). So my above figures are actually a best case scenario, non?
ILoveLamp said:
Doesn't this further argue my point?
They were making 60% of c. £0.90 (£0.54)
They now make 60% of £1.30 (£0.78)
Let's say I bought 100 litres 3 years ago, and only 85 litres this year (which is 15% less)
100 litres x £0.54 of fuel taxes = £54.00 (3 years ago)
85 litres x £0.78 of fuel taxes = £66.30 (today)
No because I think your figures are wrong - duty has not risen by 24p/l in that time. Fuel duty is charged at a flat rate, not as a proportion of the sale price. They were making 60% of c. £0.90 (£0.54)
They now make 60% of £1.30 (£0.78)
Let's say I bought 100 litres 3 years ago, and only 85 litres this year (which is 15% less)
100 litres x £0.54 of fuel taxes = £54.00 (3 years ago)
85 litres x £0.78 of fuel taxes = £66.30 (today)
Her's some figures which I think are right...
In 2007 duty was 53.65p per litre.
In 2011 duty is 58.95p per litre.
In 2007 the average price was 95p/l of which 15p/l is VAT
In 2011 the average price is 135p/l of which 22.5p/l is VAT
So in 2007, the government took 68.65p/l in tax
and in 2011, they take 81.45p/l in tax
That's an increase of 18%. A decrease of 15% is almost exactly the opposite of an increase of 18% (well, near enough), so the government will be taking almost exactly the same amount in absolute terms. They are down by however much inflation has been over that time.
In 2007 duty was 53.65p per litre.
In 2011 duty is 58.95p per litre.
In 2007 the average price was 95p/l of which 15p/l is VAT
In 2011 the average price is 135p/l of which 22.5p/l is VAT
So in 2007, the government took 68.65p/l in tax
and in 2011, they take 81.45p/l in tax
That's an increase of 18%. A decrease of 15% is almost exactly the opposite of an increase of 18% (well, near enough), so the government will be taking almost exactly the same amount in absolute terms. They are down by however much inflation has been over that time.
Edited by kambites on Friday 8th July 16:31
kambites said:
Hmm. Well that's ten litres per person for the quarter. So 2.2 gallons; at an average of say 40mpg, that's 90 miles per person,... or an average of a mile per day per person in the UK.
That is, indeed, quite a lot.
The UK does not have a population of 100 million people and an even smaller driving population...That is, indeed, quite a lot.
..so maybe 3 miles/day per driver
I love the Mail's use of a BILLION!!111eleven without putting it into the truer perspective of how many litres have been used for each quarter since the seemingly arbitrary one from three years ago used for comparison. Why not last year? The one before?
kambites said:
Her's some figures which I think are right...
In 2007 duty was 53.65p per litre.
In 2011 duty is 58.95p per litre.
In 2007 the average price was 95p/l of which 15p/l is VAT
In 2011 the average price is 135p/l of which 22.5p/l is VAT
So in 2007, the government took 68.65p/l in tax
and in 2011, they take 81.45p/l in tax
That's an increase of 18%. A decrease of 15% is almost exactly the opposite of an increase of 18%, so the government will be taking almost exactly the same amount in absolute terms. They are down by however much inflation has been over that time.
That's not all.In 2007 duty was 53.65p per litre.
In 2011 duty is 58.95p per litre.
In 2007 the average price was 95p/l of which 15p/l is VAT
In 2011 the average price is 135p/l of which 22.5p/l is VAT
So in 2007, the government took 68.65p/l in tax
and in 2011, they take 81.45p/l in tax
That's an increase of 18%. A decrease of 15% is almost exactly the opposite of an increase of 18%, so the government will be taking almost exactly the same amount in absolute terms. They are down by however much inflation has been over that time.
Petrol dipped by 15%, diesel by only 6%. I wonder what % of fuel sold is diesel..
derestrictor said:
There is no way on God's green earth if the population was 60 million in the 70s it isn't massively higher today.
In 1977 you could walk/drive without feeling like an extra from The Ten Commandments.
No longer.
In 1977 you could walk/drive without feeling like an extra from The Ten Commandments.
No longer.
I thought it only went past 60m for the first time within the last decade? So in the late '70s would have have been 50-55m?
derestrictor said:
(The official figures are meaningless.)
Ah. >dons tinfoil hat<
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