The rising cost of fuel is affecting millions of people worldwide. We need petrol to run our cars, aeroplanes, and industries. So where does all that fuel come from, how does it get to your local pump and how does the cost breakdown?
Get the code
The rising cost of fuel is affecting millions of people worldwide. We need fuel to run our cars, airplanes, and industries. So where does all that fuel come from and how does it get to your local pump? Read on to find out.
It’s convenient for motorists to pull up to the pump to fill up their vehicles. But where does that fuel come from and how does it get to your local petrol station?
Certain oil-rich countries take the lion’s share of the world’s crude oil supply. The top 10 oil producers include countries from nearly all parts of the globe.
Barrels Produced Per Day
United Arab Emirates
Fed up with the price you’re paying at the pump? Some other countries may have it worse off. In some places in Europe, drivers are paying roughly £1 per litre, but in others the price soars to more than £1.50.
In just the last 20, the price consumers pay for fuel has nearly doubled. Though the figures include both dips and spike, the last few years have seen steady price increases for motorists.
As of the end of March 2012, the average motorist in Great Britain was paying about 58 per cent of the price of petrol on taxes and duties. Here’s how it adds up.
Pre-Tax Price Per Litre
Taxes and Duties Per Litre
Pump Price Per Litre
As of 26 March 2012
SOURCES: EU OIL BULLETIN, ENERGY INSTITUTE, DEPARTMENT OF ENERGY, PETROLPRICES.COM, CIA.GOV
Get a quote
© Copyright 2008 - 2015 Confused.com. All rights reserved.
3rd Floor, Greyfriars House, Greyfriars Road,
Confused.com is a trading name of Inspop.com Limited and is authorised and regulated by the Financial Conduct Authority