Price of petrol

In answer to my own question, according to www.revenue.ie. the excise duty on petrol, including carbon tax in Dec 2010 was 57.6c per litre.

Is this the correct calculation for the cost of a litre of petrol

Amount going to the retailer 73.5c
VAT 21% of 73.5c 15.5c
Excise duty 57.6c
TOTAL 1.46
 
During the last spike in oil prices two years ago, the OPEC countries were quick to point out that western governments made more money from petrol and diesel than the oil-producing countries themselves.
 
fizzelina said:
My LOS rant for today is that it cost me €75 to fill a 1.4L Golf with petrol.....petrol is just so expensive!! At almost €1.50 a litre it has shot up at a time when wages are coming down and increased taxes are being paid. But €75 to fill a car with petrol so I can get to work for the week is really bothering me....
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+1 to that.

Its costs like this that made me re-think my career and decide to work mainly from home.
Even when I was working in Baggot Street and living in Wicklow, I wasn't getting paid for the commute mileage.

People wonder wonder why I get annoyed at the thought of having to do a planning application for €500 "all in" in the current market.

Its simple - ever mind the overheads, insurance, heating and whatnot - just driving around to do the work costs a fortune. e.g.;

  • survey the site
  • research recent precedent [some still not online]
  • research older precedent [most are not online]
  • meet the planner
  • get the Ordnance Survey Maps
  • meet the client [more than once]
  • collect the cheque [sometimes a repeat call required]
  • lodge the application
  • deliver the client copy
All the above can cost up to €100 depending on where they live.
Transport can be €100 of the fee and you have to pay tax on that to earn it, so heading for a third of the €500 "fee".

:(

ONQ.
 
BTW, for those of you near the South City, I have found the garage at the KCR - Kimmage Cross Roads - to be very competitive.

Unless its against some new forum rules, it might be useful to post locations and prices.

I'm sure others will know of better places to fill up.

ONQ.
 
Dundrum / Ballinteer is not bad at the moment for petrol prices.
Tesco, Apple Green, and Maxol all compete and drive down the prices overall.

On any given day, you cannot predict which is cheaper, but if you check them, one will be quite competitive.
 
I am currently paying the equivalent of €1.17 for my petrol. My road tax is €34 per year.

It is great not being in Ireland. :D
 
I am currently paying the equivalent of €1.17 for my petrol. My road tax is €34 per year.

It is great not being in Ireland. :D
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We must be living in the same country! That's what I pay too.
 
huskerdu said:
In answer to my own question, according to www.revenue.ie. the excise duty on petrol, including carbon tax in Dec 2010 was 57.6c per litre.

Is this the correct calculation for the cost of a litre of petrol

Amount going to the retailer 73.5c
VAT 21% of 73.5c 15.5c
Excise duty 57.6c
TOTAL 1.46
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As far as I know, VAT is charged on the total price. If this is correct and excise duty is 57.6c and the price at the pumps is €1.46, then the split is as follows:

Total amount going to the retailer, wholesaler and oil company 63.1c
Excise duty 57.6c
VAT 21% of 120.7c = 25.3c
TOTAL 146.0c

That means that the total of VAT and excise duty is 82.9c, which equals 56.8% of the total retail price.
 
Homer said:
As far as I know, VAT is charged on the total price. If this is correct and excise duty is 57.6c and the price at the pumps is €1.46, then the split is as follows:

Total amount going to the retailer, wholesaler and oil company 63.1c
Excise duty 57.6c
VAT 21% of 120.7c = 25.3c
TOTAL 146.0c

That means that the total of VAT and excise duty is 82.9c, which equals 56.8% of the total retail price.
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You are absolutely right. VAT is paid on the excise duty as well, which is a scandal, but so common throughout Europe that I don't think anything would be done about it. It also makes me laugh when you hear the general public and politicians giving out about how much oil companies are charging with all their greed and exuberant profits. Here is a chart for Shell's profit margin: [broken link removed]
Oil companies' profits are dwarfed by the greed of governments, who at the end of the day have no involvement in the business risks of making the petrol. People need to wake up to the fact that we are not being ripped off by oil companies but by our very own government.
 
Homer said:
As far as I know, VAT is charged on the total price. If this is correct and excise duty is 57.6c and the price at the pumps is €1.46, then the split is as follows:

Total amount going to the retailer, wholesaler and oil company 63.1c
Excise duty 57.6c
VAT 21% of 120.7c = 25.3c
TOTAL 146.0c

That means that the total of VAT and excise duty is 82.9c, which equals 56.8% of the total retail price.
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Thanks for that clarification.
I have relooked at the revenue site and I saw the following line in relation to a budget increase.

"Excise duty will increase, such that, after VAT is added, the increase in a litre of petrol will be 4c."

This must mean that VAT is calculated on the price after excise duty is added.
 
shnaek said:
Hear hear, but judging by this article

http://www.independent.ie/national-news/trust-in-the-government-reaches-record-low-2513212.html

it looks like people have woken up to the fact that the government is not our friend. In my dream world this realisation actually results in change. Here's to hoping.
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Hoping is all we can do. Unfortunately the devil is in the detail in that article, even just in the deadline. Big difference between trust in "the government" and trust in "government" in general. Anyway, veering off topic a bit.
 
Why do people keep going on about VAT on the duty-inclusive price?

It has always been like that, and it is like that in all other countries.
 
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