Petrol prices around the world

Jamie

Jamie

Hi all,

Was going to tack this on to the end of one of the current threads about oil/petrol prices, but thought it worthy of its own thread.

Was having a whinge in the chatroom tonight about petrol prices, after just having paid 139.9 to fill up, when I came across this article on worldwide petrol prices on CNN. Based on CNN figures, there are around 20 countries paying more for petrol than we are in Australia (some paying over 50% more):

79petrol_prices.jpg


(Based on the 139.9 I paid today for regular unleaded, and todays exchange rate, Australians are paying US$4.08 a gallon for petrol)

Any thoughts/opinions from others who know more about this than me (which is basically anyone with a keyboard in front of them :D )

Based on prices around the globe, are we really paying too much for petrol?

Jamie.

Just to put some of those prices in perspective, here are a few converted from USD/gallon into AUD/litre:

Netherlands: $2.10/litre
United Kingdom: $1.98/litre
Switzerland: $1.62/litre
Australia $1.40/litre
South Africa: $0.83/litre
United States: $0.77/litre
Venezuala: $0.04/litre
 
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Hmm...

Any way of buying petrol directly from Venezuela and having it shipped over? Must still be a lot cheaper than buying it locally :D.

GP
 
A$1.40 = US$1.08 X 4 = US$4.32. (Using CNNMoney conversion and I think it's very close to 4l/USgal)

A bit picky ;) but it does move us above Japan if my maths are correct. Interesting that Andora, a "tax free" Principality has petrol at about our price.
 
RichardC said:
A$1.40 = US$1.08 X 4 = US$4.32. (Using CNNMoney conversion and I think it's very close to 4l/USgal) ... A bit picky ;)
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Richard,

If youre going to be picky when someone posts an article, then you should at least be right when you do it ;)

One US gallon = 3.785L, not 4L, which makes it $4.08/gallon, not $4.32.

A bit picky, but hey - you brought it up :D

On a different note, does anyone have the stats for what proportion of the price we pay for fuel is made up by excises and other governemtn taxes? Be interesting to see how much of our fuel cost is actually from the cost of the fuel itself, and how much is added on once the fuel arrives.

Jamie
 
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I guess we really don't have that much to winge about in the scheme of things.

Did anyone watch the world news on SBS two nights ago where German citizens were crossing the border into the Czech Republis to fill up because it was roughly 80c cheaper?

It's bizzarre seeing people loading 40 litre drums filled with petrol into the back of their audis and mercs...

e x
 
Jamie said:
On a different note, does anyone have the stats for what proportion of the price we pay for fuel is made up by excises and other governemtn taxes? Be interesting to see how much of our fuel cost is actually from the cost of the fuel itself, and how much is added on once the fuel arrives.
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This is an old set of figures applicable to when petrol was under a dollar (remember those days folks???!!!) :(

The following example is based on an indicative price of 98.3 cents per litre (cpl) for unleaded petrol.

Refinery price (excl. GST) 46.3 cpl
Retailer/wholesale & Margins and freight 5.0 cpl
Government Tax Excise 38.1 cpl
GST 8.9 cpl
Total 98.3 cpl

(p.s. how do you TAB on in these posts, trying to line things up is a real pain!!!) :mad:
 
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Retailer/wholesale & Margins and freight 5.0 cpl

That's a pretty low margin to run an industry on and I suggest that, this week, they will be doing better than that.

Refined product is an internationally traded commodity, like crude, and Katrina damaged possibly 10% of the US refining capacity. That reduces demand on crude, particularly the "sweet, light" the Yanks buy but refined product that China and Singapore sell is very short, ergo, BP and Caltex are enjoying a period of reduced competition.

That is the Free Enterprise way. Anything else is Socialism. :) :) :)
 
RichardC said:
Retailer/wholesale & Margins and freight 5.0 cpl

That's a pretty low margin to run an industry on and I suggest that, this week, they will be doing better than that.
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Yes they are doing better (excluding Perth = 4%) according to Caltex's April figures:
 

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Great stuff Jo :)

So it looks like around 40% to 45% of every dollar we pay for petrol is going to the Government, either as GST or as fuel excise.

Jamie.
 
Jamie said:
So it looks like between 40% and 45% of every dollar we pay for petrol is going to the Government, either as GST or as fuel excise.

Jamie.
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Afraid so!!! :( Tends to discredit the pollies superficial displays of empathy for motorists "hurting at the petrol pump"!!! :rolleyes:
 
Jamie said:
So it looks like around 40% to 45% of every dollar we pay for petrol is going to the Government, either as GST or as fuel excise.
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If you say 45%, and that you're on the top marginal income tax rate, then for every $100 of income you earn to buy petrol, $71.68 goes to the government in a combination of income tax, Medicare levy, fuel excise, and GST.

And that's not counting all the income and other taxes paid by the various businesses in the chain of supplying that petrol.

Which actually makes the fuel itself pretty cheap.

GP
 
Nice fuel price comparisons. Although you cannot simply look at exchange rates and have anything more than a subjective comparison. You would need to look and compare each individual country economy, cost of living, average wages, etc...

Josh
 
australia also has much vaster distances to travel for day-to-day requirements, unlike many little european countries that you can drive across border to border in a couple of hours, so the fuel costs do hit home harder even tho they may seem lower in comparison.

can't really see myself doing a sydney to brisbane on a scooter.
 
vandalic said:
Nice fuel price comparisons. Although you cannot simply look at exchange rates and have anything more than a subjective comparison. You would need to look and compare each individual country economy, cost of living, average wages, etc...
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Sorry Josh, I know these figures don't take into account those all important factors such as cost of living, average wages etc of individual countries, however the data here does help us see how our petrol prices and taxes stack up against remaining OCED countries. I have also included a 2001 table should you wish to make a further comparison. I would have liked to have seen figures for 2005 when soaring fuel costs exceeded the $1.00 p/litre mark, but as yet have not found any such data.
 

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Hi Guys

I see NZ's figures aren't mentioned anywhere.

The price per l for 91octane is NZ$1.55.9 and 5c more for 96 octane.
Diesel is $1.01.9/l.

So 1USgal= NZ$5.90
NZ$1=US70c

Regards
 
Couldn't agree more.

Lizzie, great point. The vast array of land is a problem we face with everything from freight charges to telecommunications (as I'm sure the government and Telstra could tell you :) ). It certainly adds an obstacle most other countries don't face as much.
 
Hi Guys

The price of petrol continues to increase here in NZ.

Unleaded went to NZ$1.67.9/l on Tuesday.
Ultimate is now NZ$1.78.9/l.
Diesel is NZ$1.22.9/l

Regards
 
Brazil Petrol Prices

A large part in explaining Brazil's lower petrol prices is the prevalence of ethanol in their fuel. I believe it is around 25-30% content.
 
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