§ Mr. Ridleyasked the Secretary of State for Energy if he will set out how many pence paid at the petrol pump by a motorist who is not registered for VAT for a gallon of four-star petrol go, respectively, to the retailer, the oil company, the Government in taxation, and the oil-producing country.
§ Mr. John SmithThe retail prices of petrol vary according to such factors as location, terms of supply and the marketing policies of oil companies and retailers. A typical 4-star retail price of 72.5 pence a gallon might be made up as follows:
Pence Excise duty and VAT … … 37.0 Retailer's margin … … 6.0 Oil Company … … 29.5 The proportion of the retail price that goes to the oil-producing country cannot be accurately estimated.