Rates and Receipts
The rates since 23rd March 2011 have been as follows:
| Fuel | rate | note |
|---|---|---|
| Petrol, diesel, biodiesel, bioethanol | £0.5795 | per litre |
| Natural gas used as road fuel (inc biogas) | £0.2615 | per kg |
| Road fuel gas other than natural gas | £0.3304 | per kg |
VAT at the current rate is then added to the total price. The taxation percentage of forecourt prices varies according to the price of oil, rising from 55.9% at 65p per litre untaxed to 61.4% at 50p per litre (2012 figures).
Read more about this topic: Hydrocarbon Oil Duty
Famous quotes containing the words rates and/or receipts:
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—Henry Brooks Adams (1838–1918)
“The personal touch between the people and the man to whom they temporarily delegated power of course conduces to a better understanding between them. Moreover, I ought not to omit to mention as a useful result of my journeying that I am to visit a great many expositions and fairs, and that the curiosity to see the President will certainly increase the box receipts and tend to rescue many commendable enterprises from financial disaster.”
—William Howard Taft (1857–1930)