Oil Price

Gas Price Calculation
Gas price in UK seems not that responsive to the actual movement of oil price (Brent, NYMEX etc). Well, that's because its got to do with tax! See how the British government suck you dry!!

Avg Price unleaded (p) 109.80
Fuel Duty 50.35 (45.8%)
VAT 19.22 (17.5%)

Balance (Actual gas px) 40.24 (36.6%)

So, my rough calculation: kalau oil px down to $110 bbl, pump station should be around 104.5p. kalau up to $120 bbl, it should be about 114p. Roughly la.

1 gallon = 3.788 litre
In US, gas price is around USD3.60/g when oil price = $118.75 bbl
so in US,in litre terms it would be $0.95/ltr or £0.48/ltr vs kat UK £1.10/ltr
We in UK are 129% dearer!!

Khalas!! Khalasss!!