Let’s face it, we all love a good moan about how much things cost these days and the topic that sits on top of that list is more often than not, the cost of petrol. Since 2009 the price we pay for a litre of petrol has risen from 87p to £1.32 and the bad news is, it doesn’t appear that it’s going to drop any time in the near future.
However, as much as we like to moan and worry, is this behaviour really justified? Are we just paying the standard rate, or are we actually paying less than most other countries in the world and therefore, should count ourselves lucky? Well, the latest figures suggest that our complaints are entirely vindicated. When you compare what motorists in the UK are paying for petrol and diesel compared to motorists in USA or Australia, it’s easy to see why there is a sense of indignation.
When you really dig into the details one of the reasons why Britons pay so much to fill our tanks is because of the amount of tax we pay. For the last few years we have consistently paid more tax than any other country in Europe. In fact, next time you’re at the pump consider that 59% (57% for diesel) of the total cost is down to tax.
The general costs of running and maintaining a car these days can be a real drain on your finances and with fuel prices continuing to spiral many people are choosing to ditch their car altogether. The car insurance team at MoneySupermarket have created this infographic to compare what drivers around the world are forking out to fill up their tanks.
Image source: MoneySupermarket Car Insurance