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The high price of oil/gas/petrol...
Hi Michael,
Quote:
I just checked... Aussies are taxed "twice" on fuel. There's a 38 cents a litre "excise tax"... then... There's the 10% GST. So the government "double-dips" on gas/petrol tax. So, if you take away the 38 cents, Aussie petrol would be around $1.12 per litre. Then, take away the 10% GST and it would be down to $1.02 cents a litre. So, out of $1.50 per liter price you pay for gas/petrol, around 48 cents is tax. So I think the massive tax Aussies pay on gas/petrol explains a lot of the super-high costs. As for the Arab countries, I think many OPEC countries subsidize petrol/gas for their citizens/residents, so their prices are artificially low... Quote:
- Dien |
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