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The dataset illustrates the inter-country variations in the average price of one barrel of oil across G7 countries as well as the OECD average during 1984-2017. It is important to note that these price variations are mainly due to the widely varying levels of taxes imposed by major oil consuming nations. These can range from relatively modest levels - like in the USA - to very high levels in Europe and Asia/Pacific.
For example, in the UK the government in 2017 earned about 64.6% of the price charged for every liter of pump fuel sold to consumers. On the other hand, oil producing countries (including OPEC) earned about 22.8% of the total pump fuel price.
Historical versions of this dataset since 22 June 2016 are available.
The information about original data source is available only to Professional users.
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