Fuel Prices Norway
Part of: GIZ International Fuel Price database
Also see: Norway Energy Situation
Fuel Pricing Policies
| Local Currency: | NOK |
| Exchange Rate: | 6.005
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| Last Update: |
The downstream sector of fuels is liberal and open in Norway. Norway has one of the highest fuel taxations worldwide, while the price excl. taxes is among the lowest. The large oil companies (Statoil, Shell,...) dig and refine crude oil and sell oil products as retailers as well.
The Norwegian Ministry of Finance publishes details on taxes, including fuel taxes.
The Norwegian Ministry of Petroleum and Energy publishes information regarding the oil industry, however, not on the downstream sector.
No official information regarding actual pump prices was found online. However, some oil companies, as Statoil, publish their retail prices online (http://www.statoil.no/).
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 for one litre of Gasoline 95 Octane as of 2010/05/02.
For an assumed pump price of 14,73 NOK (=Statoil retail price, http://www.statoil.no →App.5; 1 USD=5,26 NOK)
Taxes sum up to 57,6% of pump price.VAT of 25% is imposed on the sum of all other components; thus, there is a tax on taxes also included.
„Processing+Margins“ includes refining, transport, storage, maintenance, service station costs, revenues, ...
Sources: Norwegian Ministry of Finance (http://www.regjeringen.no/en/dep/fin/); own survey values.
At a Glance
| Regulation-Price-Matrix |
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An official source for fuel price monitoring is missing. No indicative fuel prices are published.
Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Other Information | http://www.statoil.no/ |
| Other Information | http://www.regjeringen.no/en/dep/oed/Subject/Oil-and-Gas.html?id=1003 |
| Price Composition | http://www.regjeringen.no/en/dep/fin/Selected-topics/taxes-and-duties/green-taxes-2011.html?id=609076 |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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