Heating Oil prices, liter, 10-Aug-2020
Heating oil prices, 10-Aug-2020:
The average price of heating oil around the world is 0.80 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. One notable
exception is the U.S. which is an economically advanced country but has low gas prices. The
differences in prices across countries are due to the various taxes and subsidies for heating oil.
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 heating oil is different.
Heating Oil prices, 10-Aug-2020
(liter, U.S. Dollar)
(liter, U.S. Dollar)
Note: The prices for the countries with a * are updated weekly. The data for the remaining countries are updated monthly.
