120.9p for a litre of diesel. O RLY?
So, the fuel price is calculated (roughly speaking) as the actual price, then the duty, then the VAT (yes, that’s right folks, you pay tax on the tax!). So let’s take the VAT off that price. 102.8p OK, each litre of diesel has 54.68p duty on it. Let’s get that off as well. 48.2p That’s