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Turkey markets most expensive gasoline

Güncel Durum : Aktif | Kayıtlı Firma Sayısı : 345
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Turkey markets most expensive gasoline

Turkey has some of the highest gasoline prices among EU countries and the U.S., but among the lowest GNPs...


The near 300% gasoline consumption tax is the culprit behind Turkey’s gasoline prices, despite a lower GNP in comparison to all major European countries.

       The average annual income is $25,380 in Belgium, $26,570 in Germany, $11,740 in Greece and only $3,160 in Turkey. The per-liter of gasoline in each of those countries respectively is 97¢, 93¢, 67¢ and 95¢. The per-gallon price of gasoline in the U.S. (1 gallon = 3.78 liters) ranges from state to state between $1.55 and $2.13 (41¢ - 56¢ per liter). Gasoline is cheapest in Dallas, near where oil is drilled for and refined, and is most expensive in Chicago. The price of gasoline in New York is $1.77 per gallon, which would translate into 46¢ on the liter, less than half the price than for Turkey.

       In the U.S., refinery exit prices represent 43% of the price of gasoline, while 20% is comprised of refinery costs and profits, 20% of taxes and 9% of gasoline station profits. In Turkey, import prices make up 27.02% of the cost of gasoline, while 62.62% is represented by taxes and other costs. Refinery costs represent 0.81% of the per-liter tab, 0.62% by transportation costs, 4.02% for the main distribution company and 4.91% to gasoline station profits.

       

       

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Turkey has some of the highest gasoline prices among EU countries and the U.S., but among the lowest GNPs...