Who is fleecing who?

To quote our Prime Minster 'Our instinct was certainly that New Zealanders were being fleeced at the pump and the Commerce Commission has confirmed that is true," Prime Minister Jacinda Ardern said on Tuesday 20th August.

It's this current Government that is fleecing us. One of the first things Ms Ardern did when she took office, was increase the tax on petrol each September by 3.5 cents per litre until 2020.

The Government benefits most when prices of petrol increase, as this means more GST is collected.

From each litre of petrol, the Government's take is 44.1 per cent, the supplier / retailer is 18.2 per cent, and the petrol itself is 37.7 per cent. The Government take is greater than the actual cost of the petrol, and twice as much as the companies' share, so who is fleecing who.

Brian P Porter, Welcome Bay

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