Laos Gasoline prices, 08-Jul-2024

The current gasoline price in Laos is LAK 33,300.00 per liter or USD 1.51 per liter and was updated on 08-Jul-2024. For comparison, the average price of gasoline in the world is USD 1.23 per liter.
Laos
Gasoline prices
 Current price 1.51
 Measure USD/Liter
 Last update 2024-07-08
 Data availability from 2014-07-28
 Data frequency Weekly
Source: Lao State Fuel Company


We show Octane-95 gasoline price data for Laos from 2014-07-28 to 2024-07-08. The average gasoline price during that period is LAK 14,182.52 per liter with a minimum of LAK 8,080.00 on 2020-06-15 and a maximum of LAK 33,300.00 on 2024-07-08. Our data are obtained from official government sources, regulatory agencies, petroleum companies, and major media sources. We update the series for Laos every week.


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Gasoline prices
Price (LAK/Liter) Percent change
 Current price 33,300.00 -
 One month ago 31,820.00 4.7 %
 Three months ago 32,200.00 3.4 %
 One year ago 26,490.00 25.7 %


Our data on: CNN Bloomberg Reuters



Laos Gasoline prices: The last eight weeks

Laos Gasoline prices: The last eight weeks

Laos Gasoline prices, liter, Laos Kip


Laos Gasoline prices: Historical graph; 2014-07-28-2024-07-08
* A long flat line means that the government fixes the prices.
Laos: Gasoline price analytics
    Value
Percent of world average gasoline price     104.95%
Correlation with crude oil prices     0.67
Percent change if oil prices increase 10%     5.18%
Correlation with USD exchange rate     -0.98
Price flexibility index: 0 (low) - 1 (high)     0.21
Correlation with diesel fuel prices     0.99
Percent of diesel price     152.12%
Cost of 40 liter tank, percent of income     27.62%
Gasoline consumption, percent of income     1.77%
Updated monthly. Methodological notes
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