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The new high oil prices of us$124 has had a strong reaction in Germany
where a litre of fuel breached €1.50 a litre for their holiday week-end!
In a break-down of the price, the
MWV mineral oil association said 65 cents of the price went to fuel tax
with a further 24 cents taken in value-added tax (VAT).
The product itself cost only 51 cents, while petrol stations were taking just under 10 cents a liter.
Rainer Bruederle, deputy leader of the opposition free-market FDP,
blamed the German state. "The real oil sheikhs are in Berlin," he told local media.
German Automobile Association (ADAC) Deputy President Ulrich Klaus
Becker called on the government to consider cutting environmental taxes
and to increase the tax allowance for traveling to work.
Across Europe, the same high fuel tax problems exist. However
the focus has remained on the profits being made by the major oil
companies and also on biofuels versus food production.
PetrolWorld will hold the first Pan European Petrol Retail
Conference in Frankfurt on Wednesday 17th September 2008. This is
running alongside the Automechanika event at Messe Frankfurt (Entrance
3 - Movenpick Hotel). For more detials email :
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PetrolWorld 110508
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