Transport fuel prices and taxes

Indicator Assessment
Prod-ID: IND-114-en
Also known as: TERM 021
Created 21 Sep 2018 Published 22 Nov 2018 Last modified 22 Nov 2018
12 min read
Topics: ,
Since 1980, the real price (including taxes) of transport fuel* has fluctuated between EUR 0.75 and EUR 1.25 per litre, with an average price of EUR 0.97. Real prices per litre peaked in July 2008, reaching EUR 1.24, but then fell by around one third later that year, largely due to a significant drop in the price of crude oil. Another peak occurred in August 2012, when fuel prices reached EUR 1.25. Since then fuel prices have fallen again, reaching a low of EUR 0.84 in February 2016. The first months of 2018 show a decreasing trend. The average real price in April 2018 was EUR 0.99 per litre. The price of fuel is an important determinant of the demand for transport and the efficiency with which fuel is used. However, despite a slight increase in real prices over the last two decades, transport demand has increased even more. The price of transport fuel without taxes follows a similar trend; since 1980, it has fluctuated between EUR 0.18 and EUR 0.65 per litre, with an average price of EUR 0.38. Real prices per litre peaked in June 2008, but then fell by around one third later that year, largely because of a significant drop in the price of crude oil. Another peak occurred in September 2012, when fuel prices reached EUR 0.63. Since then, fuel prices have fallen again, reaching a low of EUR 0.28 in February 2016. The first months of 2018 show a decreasing trend. The average real price in April 2018 was EUR 0.41 per litre.

Key messages

  • Since 1980, the real price (including taxes) of transport fuel* has fluctuated between EUR 0.75 and EUR 1.25 per litre, with an average price of EUR 0.97. Real prices per litre peaked in July 2008, reaching EUR 1.24, but then fell by around one third later that year, largely due to a significant drop in the price of crude oil. Another peak occurred in August 2012, when fuel prices reached EUR 1.25. Since then fuel prices have fallen again, reaching a low of EUR 0.84 in February 2016. The first months of 2018 show a decreasing trend. The average real price in April 2018 was EUR 0.99 per litre. The price of fuel is an important determinant of the demand for transport and the efficiency with which fuel is used. However, despite a slight increase in real prices over the last two decades, transport demand has increased even more.
  • The price of transport fuel without taxes follows a similar trend; since 1980, it has fluctuated between EUR 0.18 and EUR 0.65 per litre, with an average price of EUR 0.38. Real prices per litre peaked in June 2008, but then fell by around one third later that year, largely because of a significant drop in the price of crude oil. Another peak occurred in September 2012, when fuel prices reached EUR 0.63. Since then, fuel prices have fallen again, reaching a low of EUR 0.28 in February 2016. The first months of 2018 show a decreasing trend. The average real price in April 2018 was EUR 0.41 per litre.

Do fuel prices affect pressures on the environment?

Nominal and real fuel prices

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