KAPSARC – Breaking Down Gasoline and Diesel Prices

The report analyzes the factors affecting retail gasoline and diesel prices. In particular, it examines the role of taxes, oil prices, and other components in shaping these prices. Key findings include that gasoline and diesel prices depend on many factors, not just oil prices. Taxes make up a significant portion of retail fuel prices in different countries. Differences in fuel prices between countries are due to differences in oil extraction costs, taxes, processing, and marketing expenses. During periods of low oil prices, the share of taxes in the total fuel price may increase.