Old Boardgame Grognard
- Aug 31, 2008
The current fuel excise rate in Australia is 42.7 cents in excise for every litre of fuel purchased.Belgian fuel taxes look similar (about 0.6 euro/litre on petrol)
In the rest of the world, the US is renowned for having outrageously low petrol/gasoline prices and complaining about how high they are!Wow, maybe this is just my American bias but that's an incredibly high tax! Our federal tax is only 18 cents/gal, while states range from 15-70, with most states being in the 30ish range.
The current Australian petrol price is I think (converted to gallons and USD) about US$4.60 per gallon (A$6.45/gallon) - which is still comparatively cheap compared to many places.
Looking quickly on some web sites, the average world price seems to be about $7.25/gallon (??) and in the US about $3.74? In Europe, it looks to be in the US$5.50-5.80 range. Of course, both local prices and the effect of exchange rates cause these to fluctuate widely.
I think one big difference seems to be in the billions of dollars of subsidies paid to oil companies in the US ... so the real cost may buried in a bunch of things not immediately obvious at the bowser.
PS: not saying whether they should or shouldn't be paid, or arguing any effect pro or con, just that they are. As many countries run subsidies, incentives, etc for policy or political reasons.