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Greece among Top 10 Countries worldwide with most expensive gasoline

The average price of gasoline around the world on January 8, 2018  is 1.13 U.S. Dollar per liter. However, there is substantial difference in these prices among countries. As a general rule, richer countries have higher prices while poorer countries and the countries that produce and export oil have significantly lower prices.

The differences in prices across countries are due to the various taxes and subsidies for gasoline. All countries have access to the same petroleum prices of international markets but then decide to impose different taxes. As a result, the retail price of gasoline is different.

According to the report by Global Petrol Prices Greece is among the Top 10 countries with the highest price. With $1.86 per liter Greece is holding the 6th position together with Italy.

And this is the average Greek price in Athens. In the countryside and especially on the islands prices are much higher, I hear it reaches over 1.9 euros.

Among the European countries, Greece and Italy are holding the 4th position after Iceland, Norway and The Netherlands.

globalpetrolprices

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