Fuel Prices European Union

From energypedia

Part of: GIZ International Fuel Price database

Fuel Pricing Policies

Local Currency: EUR
Exchange Rate: 0.737


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*

in Local Currency

* 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

Transparency of
Price Composition
Transparency of Pricing
Mechanism / Monitoring
IFPDB matrix background.png
IFPDB matrix point.png
IFPDB trafficlight green.png IFPDB trafficlight explanation.png IFPDB trafficlight green.png

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


Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de