Petrol Price Breakdown.

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Two Coats
30/11/2005 at 07:42
Ok who knows the breakdown of the cost of a Litre of Petrol?

How much to produce it?
How much Tax is on it?
How much profit the Oil company retains?

Only reason I want to know is because the cost of crude has come down are the Oil companies fleecing us as they have only reduced the price by about 6p a litre............

Ta muchly.

Slow Filtering God. Wuss#127.6



Penfold

Mussels
30/11/2005 at 08:12
Last time I filled up it was 81p per litre, that's much more than 6p a litre cheaper.
TIT#211D
Two Coats
30/11/2005 at 08:26
Mussels wrote
Last time I filled up it was 81p per litre, that's much more than 6p a litre cheaper.


Still 86.7p a Litre in London......same station was 93.7p a Litre at the top of the market. 6-8p difference so what, I want to see how much of a percentage of profitabilty is being retained......................
Slow Filtering God. Wuss#127.6



Penfold

Mussels
30/11/2005 at 08:35
Here's some light reading for you, I couldn't get past line 2 and the pictures myself.
www.bized.ac.uk/current/mind/2003_4/061003.htm
TIT#211D
Two Coats
30/11/2005 at 08:46
Mussels wrote
Here's some light reading for you, I couldn't get past line 2 and the pictures myself.
www.bized.ac.uk/current/mind/2003_4/061003.htm



That helps ta.

So in 2003 before the last round of crude prices Duty was 50p, Vat was 13p and 17p was the cost of the petrol including profit.

Looks like we may have done ok with the recent fall back in prices then.....
Slow Filtering God. Wuss#127.6



Penfold

Angel__Biker
30/11/2005 at 09:31
dozeville wrote
That helps ta.

So in 2003 before the last round of crude prices Duty was 50p, Vat was 13p and 17p was the cost of the petrol including profit.

Looks like we may have done ok with the recent fall back in prices then.....


Also they tend to buy their crude in advance so may *still* be refining an expensive batch
TiT#107D WINO#1 MOL

Celebrity Beer Belly Twin

Mussels
30/11/2005 at 09:54
You could always hedge against pump price rises by buying sweet crude futures when they are low.
futures.tradingcharts.com/marketquotes/index.php3?market=CL
If you think the price looks really low then buy a call.

Please don't take me seriously.
TIT#211D
Two Coats
30/11/2005 at 09:56
Mussels wrote
You could always hedge against pump price rises by buying sweet crude futures when they are low.
futures.tradingcharts.com/marketquotes/index.php3?market=CL
If you think the price looks really low then buy a call.

Please don't take me seriously.



Out of the money options are also a good bet if you want gearing..........
Slow Filtering God. Wuss#127.6



Penfold

Mussels
30/11/2005 at 10:14
dozeville wrote
Out of the money options are also a good bet if you want gearing..........

Are you touting for business?
TIT#211D
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