Originally Posted by the email that martyboi quoted
PLEASE HOLD OUT UNTIL THEY LOWER THEIR PRICES TO THE 69p a LITRE RANGE
Duty on unleaded petrol is currently 50.35p per litre (down from 53.65p per litre prior to 1 April). VAT at the standard rate of 17.5% is added to the post-duty price, so if unleaded was 'free' the duty and VAT would add up to 59.16125p.
I'm not convinced that 9.83875p per litre is going to cover extraction and transportation to refineries, let alone the costs of refining, storage and distribution. That's before petrol station operating costs (credit card merchant fees alone would cost 1.5-2.0p a litre). And it certainly wouldn't leave much left over for further exploration, or for R&D into ways of extracting increasingly inaccessible and/or impure crude
Why BP and Esso? What's this 'the two biggest
companies which now are one' rubbish? Why not Shell, who make larger profits than either of those two? Why not Mobil UK, who are (like Esso) wholly owned by ExxonMobil?
I reckon that this campaign needs a bit of a rethink...