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In the UK, drivers using SVO/PPO have in the past been prosecuted for failure to pay duty to Her Majesty's Revenue and Customs. The rate of taxation on SVO was originally set at a reduced rate of 27.1p per litre, but in late 2005, HMRC started to enforce the full diesel excise rate of 47.2p per litre.
In Europe, straight vegetable oil (SVO) costs 150 pence/litre at most supermarkets [11] and somewhat less when bought in bulk direct from the manufacturers whereas diesel costs at least 130 pence per litre (in the UK [12]) to well over that (depends on the year, 1.4 euro is the current market price in central Europe). [13]
Since 2007, gasoline prices in the UK rose by nearly 40 pence per liter, going from 97.3 pence per liter in 2007 to 136.8 pence per liter in 2012. [ 61 ] In much of Europe, including the UK, France and Germany, stations operated by large supermarket chains usually price fuel lower than stand-alone stations.
Petrol reached an average of 166.7p per litre on Sunday, close to its record of 167.3p set on March 22. That was a day before Chancellor Rishi Sunak implemented a 5p per litre cut in fuel duty.
Drivers have been hit by the average cost of a litre of petrol reaching a record of nearly £1.60. Figures from data firm Experian Catalist show UK forecourts sold the fuel at an average price of ...
The RAC claimed drivers are being ‘seriously overcharged for diesel’, with average prices rising by 2p per litre to 157.8p in April. Fuel prices up 10p per litre since start of year Skip to ...
From 23 March 2022 the UK duty rate for the road fuels unleaded petrol, diesel, biodiesel and bioethanol is £0.5295 per litre (£2.41/imp gal; £2.00/US gal). [ 24 ] Value Added Tax at 20% is also charged on the price of the fuel and on the duty.
The cost estimation of producing microalgae-biofuel is around $3.1 per litre ($11.57/US gal), [55] which is considerably more expensive than conventional gasoline. However, when compared with electrification of the vehicle fleet – a key advantage of such biofuel is the avoidance of the costly distribution of large amounts of electrical energy ...