• Question: Why is non-renewable petrol so expensive?

    Asked by yurt1bar to John T on 15 Mar 2024.
    • Photo: John Turner

      John Turner answered on 15 Mar 2024:

      Fuel prices are high cost in the UK mostly due to the tax that the government puts on it. Approximately half the cost of your fuel is in the form of tax/duty paid to the government. The other half is the actual cost of the material and transportation costs. I got my data here if you want to see the full breakdown (https://www.lookers.co.uk/blog/how-is-the-cost-of-fuel-broken-down). Having a high cost is not necessarily a bad thing, as this means we focus on cars that are fuel efficient. In places like the USA, they have lower fuel prices and generally have significantly larger cars that make more CO2.