The Worldwide Cost of Fuel

THE WORLDWIDE COST OF THE PRICE OF FUEL IS ALWAYS A TALKING POINT, NO MATTER WHERE YOU ARE. WITH THE RISING COST OF PETROL AND DIESEL STARTING TO BECOME A MAJOR CONCERN FOR THE AVERAGE CAR OWNER, WE'VE LOOKED AT HOW THE UK COMPARES WITH THE REST OF THE WORLD WHEN IT COMES TO THE COST OF FUEL. THE COST OF FUEL (PER LITRE) WORLDWIDE While the UK's petrol prices are high in relation to worldwide rates, they are by no means the highest. However, the cost of diesel is only surpassed by Italy and Turkey. £1.32 UK £1.40 USA B0.64 £0.55 £0.65 RUSSIA £0.64 £0.68 £0.02 £1.13 VENEZUELA JAPAN £0.01 £0.98 £0.83 KENYAI £0.78 SAUDI £0.13 £0.96 AUSTRALIA ARABIA £0.05 £1.00 SOUTH E0.82 AFRICAS0.77 PETROL KEY DIESEL FULL LIST OF WORLDWIDE FUEL PRICES TURKEY 1.70 1.48 SPAIN 1.19 1.15 ARGENTINA 0.77 0.85 ITALY 1.46 1.41 AUSTRIA 1.17 1.15 VIETNAM 0.71 0.62 NETHERLANDS 1.46 1.22 LITHUANIA 1.16 1.13 PAKISTAN 0.68 0.71 GREECE 1.43 1.19 CZECH REPUBLIC 1.16 1.18 RUSSIA 0.65 0.68 DENMARK 1.40 1.23 LATVIA 1.16 1.15 IRAQ 0.63 0.46 SWEDEN 1.39 1.39 CYPRUS 1.14 1.20 INDONESIA 0.63 0.69 FINLAND 1.37 1.30 JAPAN 1.13 0.98 KAZAKHSTAN 0.58 0.41 IRELAND 1.35 1.30 ESTONIA 1.11 1.15 USA 0.55 0.64 PORTUGAL 1.34 1.19 LUXMEBOURG 1.11 1.04 MEXICO 0.55 0.57 GERMANY 1.34 1.22 POLAND 1.08 1.09 MALAYSIA 0.48 0.46 BELGIUM 1.34 1.21 ROMANIA 1.08 1.13 EGYPT 0.39 0.30 UK 1.32 1.40 BULGARIA 1.08 1.10 KUWAIT 0.19 0.17 FRANCE 1.31 1.16 AUSTRALIA 0.96 1.00 BAHRAIN 0.17 0.10 SLOVENIA 1.26 1.17 CANADA 0.92 0.83 QATAR 0.15 0.15 0.85 0.83 SLOVAKIA 1.26 1.20 BRAZIL 0.67 SAUDI ARABIA 0.13 0.05 MALTA 1.23 1.16 KENYA 0.78 IRAN 0.08 0.02 HUNGARY 1.21 1.23 SOUTH AFRICA 0.82 0.77 VENEZUELA 0.02 0.01 INDIA 0.81 0.57 PETROL KEY DIESEL FUEL TAX ACROSS EUROPE (% OF TOTAL FUEL COST PER LITRE) % TAX PETROL DIESEL UK 59 The price we pay for fuel is largely made up of tax. Currently motorists in the UK are paying more tax on their fuel than anyone else in Europe. 57 Italy Sweden 58 54 58 54 Ireland 57 51 Holland 60 48 Germany Belgium Finland 58 48 56 48 56 48 France 55 48 Slovenia 54 49 Czech Republic 53 48 Greece 58 43 Denmark 54 47 Austria 53 48 Slovakia 55 45 Portugal Hungary Poland 55 44 50 48 49 45 Spain Estonia 49 44 48 45 Romania 47 44 Latvia 48 43 Luxembourg Bulgaria 47 40 44 42 RISE IN UK FUEL PRICES SINCE 2006 We love a good moan about the amount we pay for fuel in the UK. However, is this really justified? The graph below highlights just how much petrol prices have risen over the last 7 years. 150 140 130 120 110 100 90 2006 2007 2008 2009 2010 2011 2012 2013 References: http://ec.europa.eu/energy/observatory/oil/doc/prices/ map/2013_01_14_oil_prices_die.pdf http://ec.europa.eu/energy/observatory/oil/doc/prices/ map/2013_01_14_taxation_oil_prices.pdf http://ec.europa.eu/energy/observatory/oil/doc/prices/ map/2013_01_14_oil_prices_es95.pdf http://www.bbc.co.uk/news/business-21238363 http://www.mytravelcost.com/petrol-prices/ http://www.guardian.co.uk/news/datablog/2012/nov/ 12/uk-fuel-price-over-time#data TM MoneySupermarket com Average price per litre (unleaded) III--III----II-----I