Friday, July 29, 2011

Shell.

Yet again it seems necessary to defend the oil companies over the price of petrol.
They do all the work, incur massive overheads and make a tiny profit on every litre sold. However many billions their profits may be, they merely represent volume of sales.
I would be most hard-pressed to name any other retail product where profit margins for the supplier are as low as with petrol and diesel.
Meanwhile the government does nothing other than to impose eye-watering taxation levels on fuel which never fall below 70% of the cost at the pumps.
So. Who exactly is to blame, here?

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