Notes on the climate: How countries influence fuel prices

Fuel prices worldwide are influenced by government intervention in the form of taxes and subsidies. Most states have now implemented taxes, and only a few, especially some oil exporting countries, subsidise fuel. But even in these countries, there is an increasing trend towards the abolition of the highly expensive subsidies. The article provides an overview of the reasons for government intervention in price formation, and shows what countries tax and what countries subsidise fuels.