1.5 Prices of crude oil and petrol

Petrol consumer prices follow crude oil and petrol world market price fluctuations. In Finland, tax constitutes the main component in the petrol consumer price, a component which is not impacted by world market price fluctuations. The petrol consumer price is further impacted by the costs of refining, transport and distribution. The price of crude oil is just one of the many factors impacting the petrol price. The import price of crude oil is also subject to the effects of the Euro exchange rate in relation with the United States Dollar.

* Price of petrol 95 E10 according to Finnish Petroleum and Biofuels Association's consumer price update.

Source: The Oil Market Journal, Thomson Reuters, Finnish Petroleum and Biofuels Association

Finnish Petroleum and Biofuels Association | Unioninkatu 22 | 00130 Helsinki  |  Finland  | office@oil.fi