Gas Prices and Taxes in G7 Countries
The prices of a litre of gas(petrol) varies considerably between the G-7 countries due to government taxes. The chart below shows the price of a litre of gas in the G-7 countries and how they are split into the cost of crude oil, government taxes and industry margin:
Source: OPEC
The price variations shown above are due to the taxes in these seven countries.Yellow represents the industry margin and red red represents the government taxes. The U.S. has the lowest government taxes for a litre of gas and the U.K. has the highest taxes.
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