5.11.07

Who gets what from a litre of oil in the G7?

(http://www.opec.org)

This graph illustrates the wide regional variations in prices of different energy products. However, this is not due to differences in crude prices, but to widely varying levels of taxation in the major consuming nations. The blue portion of the bar shows how much of the end price goes to oil producers, the yellow is what goes to refineries, and the red indicates the amount attributable to government taxes. Tax levels can range from relatively low in USA to very high in many European countries. In the UK, for example, the government receives substantially more from taxation than what OPEC gets from the sale of its oil.



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