Weekly global fuel price review (January 16, 2017)

During the past week, the price of crude oil decreased slightly but the world average fuel prices went up. The world average gasoline price increased by a cent to 0.99 USD per liter. Globally, diesel fuel remains cheaper than gasoline but its price also increased reaching 0.89 USD per liter.

On a regional level, the European average gasoline price was 1.30 USD per liter, marking a slight weekly increase of only 0.1%. In Asia and Africa, the weekly gasoline price increase was also below 1%. Gasoline prices rose more significantly in Australia (4.7%), New Zealand (2.8%), and in South America (2%). In the USA and Canada, gasoline prices decreased slightly.

Looking at individual countries, the gasoline price changes varied from -3% (Romania) to 8% (Argentina). There was an increase in 47 of the 102 reviewed countries, no change in 35 countries, and a decrease in only 20 countries. In Romania, Estonia, Canada, and Thailand prices deceased by about 2%. Gasoline became more expensive by more than 6% in Panama, Fiji, and Argentina. In Argentina, fuel prices were increased for the first time in 9 months, by 8%, based on an agreement between the government and the oil companies.


World average gasoline and diesel prices

Weighted average of gasoline and diesel prices in 100 countries that consume over 90 percent of the world oil products. The weights are the countries' share of the global petroleum products consumption.


Changes in fuel prices, in local currencies

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Countries Gasoline Diesel
Current price
local currency
Change
one week
Change
three months
Current price
local currency
Change
one week
Change
three months
Andorra 1.11 0.0% 8.5% 0.96 0.1% 11.6%
Argentina 18.73 8.0% 8.0% 17.10 8.0% 8.0%
Australia 1.34 4.7% 12.0% 1.31 1.6% 10.8%
Austria 1.19 -0.2% 4.4% 1.13 -0.8% 5.0%
Belarus 1.19 0.0% 0.0% 1.23 0.0% 0.0%
Belgium 1.40 0.0% 5.3% 1.27 -0.5% 6.0%
Bolivia 3.74 0.0% 0.0% 3.72 0.0% 0.0%
Bosnia and Herzegovina 1.86 0.0% 2.8% 1.82 0.0% 2.2%
Brazil 3.77 0.3% 3.3% 3.09 1.3% 2.4%
Bulgaria 2.04 0.4% 6.3% 2.05 1.1% 9.6%
Canada 1.25 -1.7% 5.2% 1.11 -0.6% 11.4%
Cape Verde 108.30 0.0% 3.9% 86.60 0.0% 5.2%
Cayman Islands 0.99 -0.2% -0.9% 0.91 0.3% 5.0%
Chile 775.80 0.8% 4.7% 513.20 1.9% 9.8%
China 6.91 0.0% 9.5% 6.13 0.0% 10.5%
Colombia 2098.44 0.0% 3.5% 1995.70 0.0% 4.4%
Costa Rica 592.00 0.0% 2.2% 475.00 0.0% 1.7%
Croatia 9.92 1.0% 6.5% 9.05 0.0% 6.1%
Cyprus 1.24 1.1% 6.3% 1.23 0.4% 7.1%
Czech Republic 30.87 1.1% 6.2% 30.33 1.3% 9.3%
Denmark 11.48 0.2% 4.7% 9.78 -0.6% 5.3%
Dominican Republic 56.35 -0.7% 6.2% 40.15 -1.3% 4.3%
Egypt 6.25 0.0% 0.0% 2.35 0.0% 30.6%
El Salvador 0.83 1.3% 5.5% 0.68 1.8% 7.5%
Estonia 1.12 -2.4% 4.6% 1.13 -1.7% 6.3%
Fiji 1.83 6.4% 3.4% 1.47 5.0% 5.8%
Finland 1.47 -0.8% 6.0% 1.36 -0.9% 13.4%
France 1.42 -0.2% 6.4% 1.28 -1.2% 10.4%
Georgia 2.11 0.0% 17.8% 2.01 0.0% 30.5%
Germany 1.38 0.4% 4.2% 1.18 -0.3% 6.5%
Ghana 4.20 1.2% 15.7% 4.16 2.0% 14.9%
Greece 1.56 0.1% 8.2% 1.29 0.5% 14.7%
Guatemala 6.62 -0.4% 9.8% 5.19 -0.3% 10.5%
Honduras 23.84 0.6% 8.4% 19.10 0.3% 8.7%
Hong Kong 14.99 0.0% 2.4% 11.60 0.0% 3.6%
Hungary 366.50 -1.0% 6.2% 376.20 -1.2% 7.1%
Iceland 201.30 -0.0% 4.4% 194.10 0.0% 6.8%
India 73.22 0.7% 9.4% 61.48 2.1% 11.9%
Indonesia 8200.00 0.0% 6.1% 8916.67 0.0% 7.8%
Ireland 1.37 0.0% 5.4% 1.28 0.8% 9.4%
Israel 6.35 0.0% 4.4% 5.85 0.0% 4.8%
Italy 1.54 0.0% 5.5% 1.39 0.0% 6.9%
Ivory Coast 570.00 0.0% 0.0% 570.00 0.0% 0.0%
Jamaica 120.25 0.0% -9.9% 112.70 0.0% -7.0%
Japan 127.10 0.3% 7.6% 105.30 0.8% 9.9%
Jordan 0.81 0.0% 8.7% 0.47 0.0% 6.9%
Kazakhstan 149.00 0.0% 2.1% 128.00 0.0% 0.0%
Kenya 98.02 1.9% 4.9% 86.35 -3.3% 2.1%
Kuwait 0.11 0.0% 0.0% 0.10 0.0% 0.0%
Kyrgyzstan 42.00 0.0% 7.7% 36.50 0.0% 10.6%
Latvia 1.15 0.9% 9.1% 1.09 -0.3% 14.5%
Lebanon 1165.00 0.9% 7.4% 745.00 1.4% 12.9%
Lithuania 1.14 -1.0% 5.6% 1.05 -1.5% 4.5%
Luxembourg 1.19 0.0% 5.0% 1.03 0.0% 7.1%
Macedonia 66.50 0.0% 8.1% 53.50 0.0% 11.5%
Malawi 824.70 0.0% 4.6% 815.80 0.0% 6.4%
Malaysia 2.10 0.0% 16.7% 2.05 0.0% 17.1%
Malta 1.31 0.0% 3.1% 1.18 0.0% 3.5%
Mauritius 38.85 0.0% 0.0% 29.50 0.0% 0.0%
Mayotte 1.46 0.0% 5.0% 1.18 0.0% 6.3%
Mexico 17.79 0.0% 20.1% 17.05 0.0% 16.5%
Moldova 17.95 3.7% 10.9% 15.55 2.9% 11.2%
Montenegro 1.29 0.0% 20.6% 1.16 0.0% 23.4%
Morocco 10.19 0.0% 1.7% 8.76 0.0% 7.4%
Nepal 101.50 0.0% 4.6% 77.50 0.0% 6.2%
Netherlands 1.57 0.6% 5.6% 1.26 0.2% 9.0%
New Zealand 2.18 2.8% 8.5% 1.39 4.5% 13.0%
Nicaragua 28.92 1.1% 7.7% 23.71 1.0% 10.1%
Norway 15.91 -0.4% 8.7% 14.59 -2.6% 10.9%
Pakistan 68.04 2.7% 5.9% 77.22 2.7% 6.5%
Panama 0.77 6.2% 11.0% 0.64 5.1% 12.5%
Peru 3.40 0.5% 11.9% 2.66 0.7% 11.9%
Philippines 44.86 1.1% 12.7% 31.55 0.9% 20.6%
Poland 4.73 -0.4% 6.5% 4.64 -0.4% 8.9%
Portugal 1.48 1.0% 6.2% 1.29 0.9% 10.5%
Romania 4.86 -3.1% -2.2% 4.81 -3.9% -1.6%
Russia 38.29 0.2% 1.3% 36.50 0.6% 5.2%
Serbia 139.90 1.1% 5.0% 147.90 1.0% 6.1%
Singapore 1.96 0.0% 3.2% 1.24 0.0% 6.9%
Slovakia 1.31 0.9% 7.1% 1.18 1.2% 10.9%
Slovenia 1.30 -0.3% 5.9% 1.20 -0.3% 6.6%
South Africa 13.09 0.0% 5.9% 12.99 0.0% 7.0%
South Korea 1504.21 0.0% 6.8% 1296.60 0.0% 7.8%
Spain 1.24 -0.5% 4.9% 1.12 -1.0% 5.9%
Sri Lanka 128.00 0.0% 0.0% 95.00 0.0% 0.0%
Swaziland 11.00 0.0% 0.0% 10.90 0.0% 0.0%
Sweden 14.33 -0.1% 5.0% 14.00 -2.0% 4.2%
Switzerland 1.42 -0.6% 1.6% 1.48 -1.4% 5.1%
Taiwan 26.68 0.0% 10.8% 22.84 0.0% 13.9%
Tanzania 1890.00 0.0% 3.4% 1732.00 0.0% 1.9%
Thailand 34.74 -1.5% 4.8% 26.39 -1.1% 8.6%
Turkey 5.42 4.1% 11.2% 4.73 2.8% 13.2%
Uganda 3300.00 0.0% 3.1% 2750.00 0.0% -1.8%
Ukraine 23.90 0.1% 6.8% 21.48 0.2% 10.4%
United Arab Emirates 1.80 0.0% 5.9% 1.94 0.0% 10.2%
United Kingdom 1.19 -0.2% 4.5% 1.21 0.0% 5.7%
Uruguay 45.90 0.0% 8.0% 41.80 0.0% 8.0%
USA 0.69 -0.7% 3.4% 0.67 -0.1% 5.4%
Vietnam 18620.00 0.0% 7.8% 13885.00 0.0% 10.7%
Zambia 12.50 0.0% 26.6% 10.72 0.0% 24.8%




Changes in fuel prices, in local currencies

Countries Gasoline
Current price
local currency
Change
one week
Change
three months
Andorra 1.11 0.0% 8.5%
Argentina 18.73 8.0% 8.0%
Australia 1.34 4.7% 12.0%
Austria 1.19 -0.2% 4.4%
Belarus 1.19 0.0% 0.0%
Belgium 1.40 0.0% 5.3%
Bolivia 3.74 0.0% 0.0%
Bosnia and Herzegovina 1.86 0.0% 2.8%
Brazil 3.77 0.3% 3.3%
Bulgaria 2.04 0.4% 6.3%
Canada 1.25 -1.7% 5.2%
Cape Verde 108.30 0.0% 3.9%
Cayman Islands 0.99 -0.2% -0.9%
Chile 775.80 0.8% 4.7%
China 6.91 0.0% 9.5%
Colombia 2098.44 0.0% 3.5%
Costa Rica 592.00 0.0% 2.2%
Croatia 9.92 1.0% 6.5%
Cyprus 1.24 1.1% 6.3%
Czech Republic 30.87 1.1% 6.2%
Denmark 11.48 0.2% 4.7%
Dominican Republic 56.35 -0.7% 6.2%
Egypt 6.25 0.0% 0.0%
El Salvador 0.83 1.3% 5.5%
Estonia 1.12 -2.4% 4.6%
Fiji 1.83 6.4% 3.4%
Finland 1.47 -0.8% 6.0%
France 1.42 -0.2% 6.4%
Georgia 2.11 0.0% 17.8%
Germany 1.38 0.4% 4.2%
Ghana 4.20 1.2% 15.7%
Greece 1.56 0.1% 8.2%
Guatemala 6.62 -0.4% 9.8%
Honduras 23.84 0.6% 8.4%
Hong Kong 14.99 0.0% 2.4%
Hungary 366.50 -1.0% 6.2%
Iceland 201.30 -0.0% 4.4%
India 73.22 0.7% 9.4%
Indonesia 8200.00 0.0% 6.1%
Ireland 1.37 0.0% 5.4%
Israel 6.35 0.0% 4.4%
Italy 1.54 0.0% 5.5%
Ivory Coast 570.00 0.0% 0.0%
Jamaica 120.25 0.0% -9.9%
Japan 127.10 0.3% 7.6%
Jordan 0.81 0.0% 8.7%
Kazakhstan 149.00 0.0% 2.1%
Kenya 98.02 1.9% 4.9%
Kuwait 0.11 0.0% 0.0%
Kyrgyzstan 42.00 0.0% 7.7%
Latvia 1.15 0.9% 9.1%
Lebanon 1165.00 0.9% 7.4%
Lithuania 1.14 -1.0% 5.6%
Luxembourg 1.19 0.0% 5.0%
Macedonia 66.50 0.0% 8.1%
Malawi 824.70 0.0% 4.6%
Malaysia 2.10 0.0% 16.7%
Malta 1.31 0.0% 3.1%
Mauritius 38.85 0.0% 0.0%
Mayotte 1.46 0.0% 5.0%
Mexico 17.79 0.0% 20.1%
Moldova 17.95 3.7% 10.9%
Montenegro 1.29 0.0% 20.6%
Morocco 10.19 0.0% 1.7%
Nepal 101.50 0.0% 4.6%
Netherlands 1.57 0.6% 5.6%
New Zealand 2.18 2.8% 8.5%
Nicaragua 28.92 1.1% 7.7%
Norway 15.91 -0.4% 8.7%
Pakistan 68.04 2.7% 5.9%
Panama 0.77 6.2% 11.0%
Peru 3.40 0.5% 11.9%
Philippines 44.86 1.1% 12.7%
Poland 4.73 -0.4% 6.5%
Portugal 1.48 1.0% 6.2%
Romania 4.86 -3.1% -2.2%
Russia 38.29 0.2% 1.3%
Serbia 139.90 1.1% 5.0%
Singapore 1.96 0.0% 3.2%
Slovakia 1.31 0.9% 7.1%
Slovenia 1.30 -0.3% 5.9%
South Africa 13.09 0.0% 5.9%
South Korea 1504.21 0.0% 6.8%
Spain 1.24 -0.5% 4.9%
Sri Lanka 128.00 0.0% 0.0%
Swaziland 11.00 0.0% 0.0%
Sweden 14.33 -0.1% 5.0%
Switzerland 1.42 -0.6% 1.6%
Taiwan 26.68 0.0% 10.8%
Tanzania 1890.00 0.0% 3.4%
Thailand 34.74 -1.5% 4.8%
Turkey 5.42 4.1% 11.2%
Uganda 3300.00 0.0% 3.1%
Ukraine 23.90 0.1% 6.8%
United Arab Emirates 1.80 0.0% 5.9%
United Kingdom 1.19 -0.2% 4.5%
Uruguay 45.90 0.0% 8.0%
USA 0.69 -0.7% 3.4%
Vietnam 18620.00 0.0% 7.8%
Zambia 12.50 0.0% 26.6%




Countries Diesel
Current price
local currency
Change
one week
Change
three months
Andorra 0.96 0.1% 11.6%
Argentina 17.10 8.0% 8.0%
Australia 1.31 1.6% 10.8%
Austria 1.13 -0.8% 5.0%
Belarus 1.23 0.0% 0.0%
Belgium 1.27 -0.5% 6.0%
Bolivia 3.72 0.0% 0.0%
Bosnia and Herzegovina 1.82 0.0% 2.2%
Brazil 3.09 1.3% 2.4%
Bulgaria 2.05 1.1% 9.6%
Canada 1.11 -0.6% 11.4%
Cape Verde 86.60 0.0% 5.2%
Cayman Islands 0.91 0.3% 5.0%
Chile 513.20 1.9% 9.8%
China 6.13 0.0% 10.5%
Colombia 1995.70 0.0% 4.4%
Costa Rica 475.00 0.0% 1.7%
Croatia 9.05 0.0% 6.1%
Cyprus 1.23 0.4% 7.1%
Czech Republic 30.33 1.3% 9.3%
Denmark 9.78 -0.6% 5.3%
Dominican Republic 40.15 -1.3% 4.3%
Egypt 2.35 0.0% 30.6%
El Salvador 0.68 1.8% 7.5%
Estonia 1.13 -1.7% 6.3%
Fiji 1.47 5.0% 5.8%
Finland 1.36 -0.9% 13.4%
France 1.28 -1.2% 10.4%
Georgia 2.01 0.0% 30.5%
Germany 1.18 -0.3% 6.5%
Ghana 4.16 2.0% 14.9%
Greece 1.29 0.5% 14.7%
Guatemala 5.19 -0.3% 10.5%
Honduras 19.10 0.3% 8.7%
Hong Kong 11.60 0.0% 3.6%
Hungary 376.20 -1.2% 7.1%
Iceland 194.10 0.0% 6.8%
India 61.48 2.1% 11.9%
Indonesia 8916.67 0.0% 7.8%
Ireland 1.28 0.8% 9.4%
Israel 5.85 0.0% 4.8%
Italy 1.39 0.0% 6.9%
Ivory Coast 570.00 0.0% 0.0%
Jamaica 112.70 0.0% -7.0%
Japan 105.30 0.8% 9.9%
Jordan 0.47 0.0% 6.9%
Kazakhstan 128.00 0.0% 0.0%
Kenya 86.35 -3.3% 2.1%
Kuwait 0.10 0.0% 0.0%
Kyrgyzstan 36.50 0.0% 10.6%
Latvia 1.09 -0.3% 14.5%
Lebanon 745.00 1.4% 12.9%
Lithuania 1.05 -1.5% 4.5%
Luxembourg 1.03 0.0% 7.1%
Macedonia 53.50 0.0% 11.5%
Malawi 815.80 0.0% 6.4%
Malaysia 2.05 0.0% 17.1%
Malta 1.18 0.0% 3.5%
Mauritius 29.50 0.0% 0.0%
Mayotte 1.18 0.0% 6.3%
Mexico 17.05 0.0% 16.5%
Moldova 15.55 2.9% 11.2%
Montenegro 1.16 0.0% 23.4%
Morocco 8.76 0.0% 7.4%
Nepal 77.50 0.0% 6.2%
Netherlands 1.26 0.2% 9.0%
New Zealand 1.39 4.5% 13.0%
Nicaragua 23.71 1.0% 10.1%
Norway 14.59 -2.6% 10.9%
Pakistan 77.22 2.7% 6.5%
Panama 0.64 5.1% 12.5%
Peru 2.66 0.7% 11.9%
Philippines 31.55 0.9% 20.6%
Poland 4.64 -0.4% 8.9%
Portugal 1.29 0.9% 10.5%
Romania 4.81 -3.9% -1.6%
Russia 36.50 0.6% 5.2%
Serbia 147.90 1.0% 6.1%
Singapore 1.24 0.0% 6.9%
Slovakia 1.18 1.2% 10.9%
Slovenia 1.20 -0.3% 6.6%
South Africa 12.99 0.0% 7.0%
South Korea 1296.60 0.0% 7.8%
Spain 1.12 -1.0% 5.9%
Sri Lanka 95.00 0.0% 0.0%
Swaziland 10.90 0.0% 0.0%
Sweden 14.00 -2.0% 4.2%
Switzerland 1.48 -1.4% 5.1%
Taiwan 22.84 0.0% 13.9%
Tanzania 1732.00 0.0% 1.9%
Thailand 26.39 -1.1% 8.6%
Turkey 4.73 2.8% 13.2%
Uganda 2750.00 0.0% -1.8%
Ukraine 21.48 0.2% 10.4%
United Arab Emirates 1.94 0.0% 10.2%
United Kingdom 1.21 0.0% 5.7%
Uruguay 41.80 0.0% 8.0%
USA 0.67 -0.1% 5.4%
Vietnam 13885.00 0.0% 10.7%
Zambia 10.72 0.0% 24.8%




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