How Much Tax Should FG Put Into Petrol? - Politics - Nairaland
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| How Much Tax Should FG Put Into Petrol? by Xevioso: 5:51pm On Jan 05, 2018 |
Current landed cost of petrol is 171₦/l. Current urban pump prices are 145₦/l. So the Nigerian Government is currently spending ₦26 of your taxes for every litre of fuel that goes into a car. And if your neighbour owns a V8 Land Cruiser, or a V12 Mercedes S-Class, or a Bulletproof V8 Bentley Mulsanne that does 12mpg, the government is paying ₦26 towards the 96 litres it takes to fill your fuel tank. That's ₦2,496 that comes out of taxation to fill a Bentley Mulsanne. How much do you think the government should spend? Is ₦26 per litre too much or too little? |
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