Petrol prices around the world

rotherowl said:

With the ever increasing cost of petrol and diesel in the UK and supposedly the rest of the world ,can someone tell me why Oman which is a country in the Gulf only charges 15 pence per litre. I've been out here in Oman now for the last month and I reckon it would cost me about £6 to fill up my car,whereas when I get back to the UK in the next few weeks it will be near to £55. Could someone please explain why we're paying so much more as I find it to be a complete rip off what we in europe are paying for the same product.

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Oil-rich states like Oman can afford to subsidise the price of petrol to below market rates. I can't say I really like it because it encourages very wasteful use of fuel.

Also, about 60% of what we pay for petrol is tax, designed to reduce consumption and discourage imports. This is down significantly from 1997 when 81.5% of what we paid for petrol was tax. Since the cancellation of the fuel duty escalator in 2000 the percentage paid in tax has steadily decreased.

rotherowl said:

With the ever increasing cost of petrol and diesel in the UK and supposedly the rest of the world ,can someone tell me why Oman which is a country in the Gulf only charges 15 pence per litre. I've been out here in Oman now for the last month and I reckon it would cost me about £6 to fill up my car,whereas when I get back to the UK in the next few weeks it will be near to £55. Could someone please explain why we're paying so much more as I find it to be a complete rip off what we in europe are paying for the same product.

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'Dodgy' oil producing countries tend to subsidise their petrol prices to keep the public 'content'.

Prime example - Venezuela - where petrol is massively subsidised, at huge cost to the supposedly socialist government, even though that does nothing to help the poorest in society.

It also promotes wasteful use of fuel and inefficient cars.

I read recently that petrol is more expensive in France than the UK, does anyone know if is this true?

Zim Flyer said:

Petrol prices must be quadroupled so as to force more selfish car drivers of the road. We live in a country that is paving over gardens so that each house can own up to three cars.

Catch a bus, walk but don't be selfish and drive.

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A simplistic argument that is of course total crap.

And of course you want to pay more for groceries and basic commodities.

There are areas where cars ARE the only realistic option. My dads house has 3 buses going to and from it each day in a rural village with the last one back at 4pm, first leaving at 10am. They need cars.

And in most cities we dont have the necessary transport system needed for people to rely on public transport as their main way of travel.

As for prices, from when ive been abroad recently, Holland, Netherlands and Germany were either more expensive or about the same and france was about 2-3p cheaper.

Fooby said:

Oil-rich states like Oman can afford to subsidise the price of petrol to below market rates. I can't say I really like it because it encourages very wasteful use of fuel.

Also, about 60% of what we pay for petrol is tax, designed to reduce consumption and discourage imports. This is down significantly from 1997 when 81.5% of what we paid for petrol was tax. Since the cancellation of the fuel duty escalator in 2000 the percentage paid in tax has steadily decreased.

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You're right, I watched a program a year or 2 ago about people wasting petrol in Saudi Arabia because it was cheaper than their tap water, yes tap water not Aquafina. Super cheap petrol is also a powerful tool for keeping inflation under control, a luxury most governments don't have. Crude is over $125 bbl now, Goldman sachs predict $200 in less than 2 years, (they got it right with $100) this is going to hurt the Americans short-medium term but will ultimately hurt the exporting countries if they damage demand too much. America is not going to take this lying down, I don't know what they will do but they will do something, be it new technology or an invasion, something will happen, it has to, their whole way of life is at stake.

whats important to mention is globalisation. the stupid people running the global economy thought - oh lets open up the chinese and indian markets so they can produce stuff for us cheaply. what they just didnt realise was that if you have more competing for the same resources then the prices go up and up. didnt they realise this? did western governments forget the importance of keeping other countries in poverty so that we are able to cheaply and easily secure resources?

Fooby said:

Oil-rich states like Oman can afford to subsidise the price of petrol to below market rates. I can't say I really like it because it encourages very wasteful use of fuel.

Also, about 60% of what we pay for petrol is tax, designed to reduce consumption and discourage imports. This is down significantly from 1997 when 81.5% of what we paid for petrol was tax. Since the cancellation of the fuel duty escalator in 2000 the percentage paid in tax has steadily decreased.

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The price of petrol in oman is not subsidisez, it is the market value, here in the UK it is a rip off, cause the govt can do so and mugs will pay up after moaning

channel said:

The price of petrol in oman is not subsidisez, it is the market value, here in the UK it is a rip off, cause the govt can do so and mugs will pay up after moaning

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At GBP0.15/litre it may reflect local production costs but it is less than half of current free-market world price for wholesale gasoline.

Price must go up so as to choke back demand to meet supply. The fact that some countries with sources of crude oil (or even merely with excess refining capacity) choose to service their home markets at a discount for political purposes acts to reduce the supply to the rest of the world. Couple that with falling production and rising local demand in the crude oil exporting countries themselves and it becomes obvious why free-market supplies must fall precipitously in the future and prices must accordingly raise enormously. Google "Export Land Model" for details. It explains why Iran will go from major major oil exporter to net importer in just ten years.

The 200-year party based on cheap energy, cheap oil, cheap food, is coming to and end. Instead the world must invest in power sources that are reliable, predictable, sustainable and scalable. For Britain that means tidal, for Iceland geothermal, for California - solar, for Chile - wind, for France - nuclear. And so on. Places like Arabia that have their own oil wells can opt out for now. If they were smart they would invest in British tidal power because they can own the off-shore installations.

Cabman said:

A simplistic argument that is of course total crap.

And of course you want to pay more for groceries and basic commodities.

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I didn't realise supermarkets have their food delivered in cars and taxi's I thought lorries delivered it.

I'm talking about increasing the price for cars and taxi's, not lorries.

Truth is Cabman, you are going to have to start walking more in the future and the rest of us won't have to breath in your poison.

rotherowl said:

Not that I'm aware of. Electrical items are roughly the same as what you can pay back in the UK, but things suchas food and other household items are so much cheaper. A can of coke is roughly 10p in the supermarket instead of paying 60p at a newsagents back home.

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I think you'll find that for petroleum as well as some other goods, like food.... it is a tax free country:

Customs Duties: Certain essential goods are exempt (e.g. gold, silver bullion, seeds, live plants, refined petroleum products, books, various foodstuffs).

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http://www.infoprod.co.il/country/oman2e.htm

channel said:

The price of petrol in oman is not subsidisez, it is the market value, here in the UK it is a rip off, cause the govt can do so and mugs will pay up after moaning

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Not true, the price of petrol in Oman is heavily subsidised. Look at this:

More info in this report

^^
as someone said it is the production cost they charge, but yes according to world market cost then the petrol is subsidised. UK has its own oil supply from the North sea, the ridicolous taxed we pay on petrol would be understandable if the taxes were used wisely is quality roads and hospitals.:bash:

rotherowl said:

With the ever increasing cost of petrol and diesel in the UK and supposedly the rest of the world ,can someone tell me why Oman which is a country in the Gulf only charges 15 pence per litre. I've been out here in Oman now for the last month and I reckon it would cost me about £6 to fill up my car,whereas when I get back to the UK in the next few weeks it will be near to £55. Could someone please explain why we're paying so much more as I find it to be a complete rip off what we in europe are paying for the same product.

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so you get good price petrol and i suppose the roads are nice and smooth like in Dubai. And the hospitals and other services are better and higher standard then the UK. When you come back to UK in few weeks time, get prep hno::nuts:ared to be sqeezed left right and and center by uncle brown, and oh yes the shitty pot holed uk roads

Zim Flyer said:

I didn't realise supermarkets have their food delivered in cars and taxi's I thought lorries delivered it.

I'm talking about increasing the price for cars and taxi's, not lorries.

Truth is Cabman, you are going to have to start walking more in the future and the rest of us won't have to breath in your poison.

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For a start I don't see how you can charge different users a different price for the same fuel based on vehicle type? Doesn't seem a sensible or workable option to me.
Why do you pick on taxis? They provide a vehicular service for many different types of people from point to point for many good and valid reasons.

I do walk. I live 100m from my local high street and 400m from the supermarket. We walk to the shops and buy what we need on a daily basis.

I don't choose the fuel in my taxi it is forced on me as the only option. I would love to drive a clean vehicle. A hybrid london taxi could be in production within 2 years and an electric one soon after. But I'm afraid I shall be driving my current vehicle for a few years to come.

Truth is Zim the world's economy is based around oil/motor cars and they ain't gonna let us give it up, they are just gonna just keep charging us more and we are all going to have to breath in the poison until the black stuff runs out.

channel said:

^^


so you get good price petrol and i suppose the roads are nice and smooth like in Dubai. And the hospitals and other services are better and higher standard then the UK. When you come back to UK in few weeks time, get prep hno::nuts:ared to be sqeezed left right and and center by uncle brown, and oh yes the shitty pot holed uk roads

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Yes the roads are nice and smooth but you wouldn't want to drive on them as they are full of the worst drivers in the world, Arabs and Indians. Out here it took 5 mths to create a totally new junction on the main road outside the airport yet back home on the A1 I think it has taken possibly 18 mths so far to create proper junctions, and that does piss me off when you are stuck in road works for what seems like a lifetime.

Cabman said:

For a start I don't see how you can charge different users a different price for the same fuel based on vehicle type? Doesn't seem a sensible or workable option to me.
Why do you pick on taxis? They provide a vehicular service for many different types of people from point to point for many good and valid reasons.

I do walk. I live 100m from my local high street and 400m from the supermarket. We walk to the shops and buy what we need on a daily basis.

I don't choose the fuel in my taxi it is forced on me as the only option. I would love to drive a clean vehicle. A hybrid london taxi could be in production within 2 years and an electric one soon after. But I'm afraid I shall be driving my current vehicle for a few years to come.

Truth is Zim the world's economy is based around oil/motor cars and they ain't gonna let us give it up, they are just gonna just keep charging us more and we are all going to have to breath in the poison until the black stuff runs out.

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It's very easy, haulage firms get access to cheap fuel and main road side cars pay more.

As regards taxi's they are some of the rudest drivers I've come across, if they are not beaping at pedestrians, they are driving like maniacs.

You are right the world economy is based around the oil and motor cars, but it wasn't always so and it won't be again as fuel becomes more expensive, other vehicle types will be utilised and life styles will change. Apart from high fuel prices next year road tax will go up again and more drivers will thankfully be forced of the road.

We must make the pedestrian the dominant player in our town and city design and keep cars to the outer areas, cars produce fuems which are as deadly as anything a smoker produces.