“Unfortunately fuel prices could continue to rise over the coming months, and for there to be any improvement to consumer conditions, the most immediate and impactful lever to pull would be to review the tax structures (particularly VAT on fuel) and not retailers’ margins.”
Currently, every litre of petrol and diesel is made up of 52.95p of fuel duty, which was reduced by the Chancellor in March.
The current average price of petrol is 183.16p per litre, with 83.48p of this being made up of tax through fuel duty and VAT at 20 percent.
Other costs within the price of a litre of fuel are the wholesale cost of the petrol, bio content which makes it E10, the delivery cost and the retailer margin.
source: express.co.uk