david and julie said:
Has the oil barrel price changed or something?
Sadly yes !
I work for an oil refinery and the petrol and diesel make a wafer-thin profit margin. The only reason you see an oil refinery making a huge profit is because of a high turnover with lower profit.
I will tell you, but I shouldn't ! (sod it, I feel angry)
Example, 78p per Litre the company make 1p per litre profit, therefore approx 5p per gallon profit. It cost us 12p per litre to refine through the progess, so we sell it for 13p per litre, now work out what this government make. Also we sell it to the supermarket petrol forecourt for less than 12p per litre so we are making a loss ! We are better off investing in a building society with a better return.
On top of this, we also pays £265million for permission to search for North Sea oil - I give up
This government make 65p per litre ( a shocking £2.92 a gallon) and oh by the way we made £600,000,000 profit on petrol in the first 3 month on a 1p profit. So 65p x £600,000,000 (government profit ) - do the calculations yourself. Greedy or what ?
We only make profit on oil,gas and bitumen.
We pay high tax because Gordan Brown adds tax to the price of a litre.
My company paid £2.3 billion in tax in the last half year - enough to build 131 general hospitals or 214 state-of-the-art comprehensive schools.
Sorry to tell this because I'm angry, we are losing money, we have now been told there be will 450 redundancy out of 750 up to the year end of 2005.