61
CHAPTER ONE
Developments in Global Markets
Figure 1-11
Gasoline Prices in some OECD Countries, October 2012
($/litre)
1.5
2.0
2.5
Price without Tax
Tax
0.0
0.5
1.0
USA Canada
Spain
Japan United
Kingdom
France
Italy Germany
3-2-2 Gasoil/Diesel Prices
Gasoil prices in 2012 were relatively higher in most markets
compared with gasoline and fuel oil, because gasoil is in demand
throughout the year, especially in the transport sector, the heating
sector, cooling and power generation in some countries such as
China. The highest increase occurred in Rotterdam market, where
gasoil prices were 3.4% higher than in 2011, as the average annual
price rose to $130.6/b. The Singapore market came next with an
increase of 2.1%, bringing the average price to $128.9/b, then in US
market
the gasoil prices went up by 2.8%, giving an average price
of $126/b, and finally the Mediterranean market achieved the lowest
where it increased by 1.5% to $113.2/b.
