Fuel Prices Korea, South - Revision history

Ranisha at 16:57, 9 December 2015

2015-12-09T16:57:36Z

Armin Wagner at 10:03, 25 February 2013

2013-02-25T10:03:36Z

Tai Becker at 14:09, 11 December 2012

2012-12-11T14:09:17Z

Tai Becker: Protected "Fuel Prices Korea, South" ([edit=sysop] (indefinite) [move=sysop] (indefinite)) [cascading]

2012-12-04T10:45:50Z

Protected "Fuel Prices Korea, South" ([edit=sysop] (indefinite) [move=sysop] (indefinite)) [cascading]

Ingmar Schlecht: 1 revision

2012-12-02T17:34:41Z

1 revision

Tai Becker at 16:50, 14 November 2012

2012-11-14T16:50:38Z

New page

{{Fuel Price Factsheet
|Fuel Price Country=Korea, South
|Fuel Currency=KRW
|Fuel Price Exchange Rate=1130.56
|Fuel Price Exchanre Rate Date=2010/11/17
|Fuel Price Last Updated=2011/05/01
|Fuel Price Composition=GIZ_IFP2012_Korea, South.png
|Fuel Price Composition Fuel Type=Gasoline 95 Octane
|Fuel Price Composition Date=2011/01/01
|Fuel Price Composition Annotation=Approx. values

Total Taxes and Duties includes: 3% import duty on crude imports, 10% VAT on crude imports, further VAT on refined oil products, environmental protection tax, education tax (→App. A1; shares unknown, hints welcome).

Source: own calculations based on http://www.kesis.net, internet articles (see →App.A3) and http://www.eia.doe.gov (for crude oil price on Dubai spot market).
|Fuel Pricing Policies=South Korea imposes high taxes on fuels, reaching the European level of fuel taxes.

In April 2011, the South Korean government published plans to lower fuel taxes, as soon as the crude price exceeds 130 US$/barrel (this price reached 116 US$ in April 2011). Also, the government tries to bring more retailers into the downstream sector, to increase market pressure on the four main refining companies, to which most retailers are affiliated (→App. A2).

President Lee gave a statement in January 2011, by which he somehow blamed the major refinery companies for the high prices. Comparing the crude and retail prices in 2008 and early 2011 led to the assumption, that major refinery companies should lower their disproportionate high revenues (see →App. A3). However, the idea of installing fixed, regulated fuel prices is rejected by the government.

The official website http://www.kesis.net (Korea Energy Statistics Information System) offers comprehensive fuel price monitoring. Official information regarding the fuel price composition / fuel taxation is not available online, hints welcome!
|Fuel Matrix Price Level=3.5
|Fuel Matrix Pricing Mechanism=3
|Fuel Matrix Annotation=Official and detailed information on fuel taxation missing, hints welcome!
|Fuel Transparency Price Composition=2
|Fuel Transparency Pricing Mechanism=3
}}
{{Fuel Price Factsheet Source
|Fuel Price Factsheet Source Type=Pump prices and margins
|Fuel Price Factsheet Source Link=http://www.kesis.net/flexapp/KesisFlexApp.jsp
}}
{{Fuel Price Factsheet Source
|Fuel Price Factsheet Source Type=Pump prices and margins
|Fuel Price Factsheet Source Link=http://www.knoc.co.kr/
}}

← Older revision		Revision as of 16:57, 9 December 2015
Line 54:		Line 54:
	\|Fuel Price Factsheet Source Annotation=A4		\|Fuel Price Factsheet Source Annotation=A4
	}}		}}
		+
		+	[[Category:South Korea]]

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Korea, South
 |Fuel Currency=KRW
 |Fuel Price Exchange Rate=1130.56
@@ Line 13: / Line 20: @@
 Source: own calculations based on http://www.kesis.net, internet articles (see →App.A3) and http://www.eia.doe.gov (for crude oil price on Dubai spot market).
 |Fuel Matrix Pricing Mechanism=3
 |Fuel Matrix Price Level=3.5
@@ Line 33: / Line 33: @@
 |Fuel Price Factsheet Source Type=Pump prices and margins
 |Fuel Price Factsheet Source Link=http://www.knoc.co.kr/
 }}

@@ Line 3: / Line 3: @@
 |Fuel Currency=KRW
 |Fuel Price Exchange Rate=1130.56
 |Fuel Price Last Updated=2011/05/01
 |Fuel Price Composition=GIZ_IFP2012_Korea, South.png
 |Fuel Price Composition Fuel Type=Gasoline 95 Octane
 |Fuel Price Composition Date=2011/01/01
-|Fuel Price Composition Annotation=Approx. values
+|Fuel Price Composition Annotation='''Approx. values'''
 Total Taxes and Duties includes: 3% import duty on crude imports, 10% VAT on crude imports, further VAT on refined oil products, environmental protection tax, education tax (→App. A1; shares unknown, hints welcome).
@@ Line 20: / Line 20: @@
 The official website http://www.kesis.net (Korea Energy Statistics Information System)  offers comprehensive fuel price monitoring. Official information regarding the fuel price composition / fuel taxation is not available online, hints welcome!
 |Fuel Matrix Price Level=3.5
 |Fuel Matrix Annotation=Official and detailed information on fuel taxation missing, hints welcome!
 |Fuel Transparency Price Composition=2

← Older revision	Revision as of 10:45, 4 December 2012
(No difference)

← Older revision	Revision as of 17:34, 2 December 2012
(No difference)