consequences. petrol prices in the uk have reached a record level, beating the previous high in 2012. simon williams from the rac said it s mainly due to rising oil prices. the exchange rate is weaker than it was in 2012, and actually oil is far lower than 2012. the exchange rate makes a difference. then we have got the switch to e ten petrol. 5% more for petrol now is ethanol, and ethanol is really expensive on the wholesale market. over 1000 euros a tonne. that is adding 9p a litre to the price we are paying at the pump. and then you have the duty at 58p, and the retail margin. retailers are taking more now since the pandemic. 9p a litre. and then you have vat at the end of that transaction, at 2a
are paying at the pump. then you have the duty at 58p and then you have the duty at 58p and then you have the duty at 58p and then you have the retailers. the retailers have the retailers. the retailers have been taking more margin, probably prior to the pandemic, but more now since the pandemic. they are taking around 9p per litre. and of the sea then you have got the vat at the end of that transaction, at 2ap, which gives us a record high of £1.a3, which is a lot for drivers. given everything you have said they re coming in the week we will hear from the chancellor on the budget, i wonder whether he will be minded to do anything about that price and maybe the tax take that the judge takes from a litre of fuel. . . ~ the judge takes from a litre of fuel. . ., ~ , ., ., j~f the judge takes from a litre of fuel. . .,~ , ., ., j~f ., fuel. the tax take is around 5896 at the moment fuel. the tax take is around 5896 at the moment and fuel. the tax take is around 5896 at the moment and
then we have got the switch to e 10 petrol. 5% more of petrol now is ethanol, and ethanol is really expensive on the wholesale market. over 1000 euros a tonne. and that s adding 9p a leader to the price we are paying at the pump. and then you have the duty of 58p, and then you have retail margins, and the retailers have been taking more margin. probably prior to the pandemic, but more now since the pandemic. they are taking around 9p a leader. and then obviously you have got vat. at the end of that transaction at 2ap. and it gives us a record high of 1a2.9a. let s just bring you some breaking news. the metropolitan police says it will apologise to the family of two sisters for the way the service responded when they were reported missing. nicole smallman and bibaa henry were fatally stabbed in june 2020 and found in a park in north west london.