Transport fuel prices and taxes

Indicator Assessment
Prod-ID: IND-114-en
Also known as: TERM 021
expired Created 08 Nov 2017 Published 01 Dec 2017 Last modified 22 Nov 2018
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This page was archived on 22 Nov 2018 with reason: Other (New version data-and-maps/indicators/fuel-prices-and-taxes/assessment-2 was published)
Since 1980, the real price (including taxes) of transport fuel* has fluctuated between EUR 0.75 and 1.25 per litre, with an average 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 EUR 0.84 in February 2016. The first months of 2017 show a decreasing trend. The average real price in May 2017 was EUR 0.94. 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 0.65 per litre, with an average 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 EUR 0.28 in February 2016. The first months of 2017 show a decreasing trend. The average real price in May 2017 was EUR 0.37.

Key messages

  • Since 1980, the real price (including taxes) of transport fuel* has fluctuated between EUR 0.75 and 1.25 per litre, with an average 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 EUR 0.84 in February 2016. The first months of 2017 show a decreasing trend. The average real price in May 2017 was EUR 0.94. 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 0.65 per litre, with an average 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 EUR 0.28 in February 2016. The first months of 2017 show a decreasing trend. The average real price in May 2017 was EUR 0.37.

Do fuel prices affect pressures on the environment?

Nominal and real fuel prices

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