Difference between revisions of "Fuel Prices European Union"
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Revision as of 17:35, 2 December 2012
Part of: GIZ International Fuel Price database
Fuel Pricing Policies
| Local Currency: | EUR |
| Exchange Rate: | 0.737
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| Last Update: |
The downstream fuel sector is open and liberal in the EU. Furthermore, fuel prices are mostly unregulated (Luxembourg is an exception here, having mandatory maximum prices).
There are immense price differences for fuels among the EU member countries, because of the different taxation (see 2.). E.g., as of May 2011 retail prices for Super95 range from 1.211€/ltr (1.79US$, Bulgaria) to 1.716€/ltr (2.54US$, Greece).
The EU publishes information on energy pricing and taxation on their energy portal. However, historical fuel price information is not freely available, http://www.energy.eu/.
Comprehensive information including fuel price monitoring, taxation monitoring, import&export, processing/refining and also historical fuel prices from Jan2009 can be found on the European Commission website at http://ec.europa.eu/.
Fuel Prices and Trends
| Gasoline 95 Octane | Diesel | |
|---|---|---|
| in USD* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition.
The Rotterdam spot market prices are important for fuel prices in Europe.
All member states impose excise taxes and VAT on fuels. However, the amount varies enormously: As of March 2011, indirect taxes (excise duties + other taxes) range from ~0.363€/ltr (Bulgaria) to 0.724€/ltr (Netherlands). The EU enforces a minimum excise duty of 0.359€/ltr (excl. VAT). VATs range from 15% to 25%.
Several members additionally impose further taxes on fuels, as a “CO2-tax” or an “environmental tax”. Also, VAT is usually imposed over all other price components (incl. taxes!), thus, there are taxes on taxes.
Source: http://ec.europa.eu/energy/observatory/oil/doc/prices/duties_taxes/2011_03_28_duties_taxes.pdf
At a Glance
| Regulation-Price-Matrix |
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Historical data before 2009 only available against payment on www.energy.eu.
Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Price Composition | http://www.energy.eu/#fueltaxes |
| Price Composition | http://ec.europa.eu/energy/observatory/oil/oil_en.htm |
| Pump prices and margins | http://ec.europa.eu/energy/observatory/oil/oil_en.htm |
| Wholesale Prices | http://ec.europa.eu/energy/observatory/oil/oil_en.htm |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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