Taxes made up 48 per cent of the average final retail price of petroleum products across member countries of the Organisation for Economic Co-operation and Development (OECD) in 2025, the Organisation of the Petroleum Exporting Countries (OPEC) has said.
The OPEC Secretariat disclosed this in a graphic posted on its official X account, @OPECSecretariat, on October 24.
According to the data, crude oil accounted for 33 per cent of the final pump price in the OECD bloc, while industry margin made up the remaining 19 per cent.
The figures mean that governments in the OECD countries collected a bigger share of the retail price of petroleum products than the cost of crude oil itself, and more than twice the share that went to the industry.
The three components add up to 100 per cent of the average retail price, as shown in the OPEC chart, which is titled “OECD in 2025.”
The OPEC post did not state the average price, the specific taxes covered, or the individual countries that make up the average. It also did not provide comparable figures for non-OECD countries, including Nigeria.
The data is a breakdown of what consumers pay at the pump in the world’s largest industrialised economies and shows how much of that price is determined by government fiscal policy rather than the cost of crude oil.
SOURCE: Independent