Quote Originally Posted by Geoff Parkstone View Post
The Spanish government doesnt load up the fuel price with about ? 0.53 fuel duty per litre and then another 20% on top for VAT. So out of your ? 1.59p per litre, some 80p isnt impacted by the raw oil / product cost. In Spain the fuel duty is around E 0.36 per litre (? 0.31) and 21% for VAT.

So if we take the tax impact off, and incorporate the fact that the landed product cost is cheaper in Spain due to delivery costs, those price differentials are fairly logical with about half of the pump price in UK not being impacted by supply/demand volatility for the fiel

Econ 1.01
I think you've offered that answer before. Its all pretty straightforward economics, notwithstanding profiteering at the retail end of the chain