Most rich nations pocket over 50% of gasoline prices: Opec

DOHA: The governments of the UK, France and Italy pocket more than 50% from a litre of gasoline, which confirms Opec

It said the British Government received around 1.7 times more from taxation than the Opec got from the sale of its oil and the country also had the highest industry margins among the G7.

Finding that the estimated average annual G7 oil taxes were $460bn in 2002-06 against estimated average annual Opec revenue of $410bn, it said