About GlobalPetrolPrices.com
Our data

We publish the most wide-ranging, reliable, and up-to-date information on retail energy prices around the world including motor fuel prices and electricity prices. For fuel prices, we track the national average prices in 150 countries, the regional prices in several countries with relatively substantial regional price dispersion (Australia, Brazil, Canada, Russia, and the U.S.), and over 300 cities globally. The series are updated every week. As of now, our data base consists of over 100,000 data points spanning more than 10 years which allows us to implement research on the determinants of fuel prices and to produce regular forecasts.

For electricity prices, we track the prices in the main cities and the national averages in about 100 countries. For each city and country, we calculate several data points for different levels of electricity consumption as prices per kWh vary with consumption. We have updated these series quarterly since 2017.

We also keep record of regulatory and tax policy changes that apply to retail energy markets across countries. We maintain a

Data collection methods

Motor fuels

For each country, we use at least three independent sources including the Ministries of Energy, Transport, or Commerce; fuel price transparency mechanisms; local automobile associations; consumer advocacy groups; international fuel companies; local petroleum monopolies; multilateral organizations; and the local media. The data are checked against the three sources for consistency.

Electricity

Very few countries report up-to-date statistical data on electricity prices. Therefore, we collect data from the current price offers of electricity companies and produce a national average that takes into account the market shares of those companies and the relative population of regions within the country.

For each country, we investigate the structure of its electricity market and answer the following questions: Are prices set by a regulator or the market? What companies handle the distribution of energy and what companies sell electricity? How many companies serve the households and what are their market shares? What is the average household consumption of electricity according to national sources and the World Energy Council? Are prices determined on a regional basis or nationwide? What are the types of contracts available: fixed, variable, spot? What are the current price packages? Are there any taxes and fees that are not reported in the contracts but consumers actually pay? Answering these questions allows us to compute a national average price based on the specifics of each country.

Our quarterly energy price report gives examples how these methods are applied in various countries.

Clients

Our products include data subscriptions, data feed, historical data sets, forecasts, and consulting reports. Our client list includes various companies such as Andurant Capital, Barclays, Babcock International, CAP Automotive, Descartes, Diageo, Dow Chemical, Eden Springs, Ferrero, Goldman Sachs, Heineken, McKinsey & Company, Lease Plan International, The Miles Consutancy, Morgan Stanley, Nissan, RBC Capital Markets, Tesla, TomTom, and Vitol amonth others.

Our data have been used in Bloomberg's quarterly review of world gasoline prices for several years. We have also provided data for the World Bank's Global Economic Prospects, to academics and individual researchers including at UC Berkely and the University of Maryland, and to government institutions such as the Chilean Library of Congress.

Team

Our team includes several analysts with graduate degrees in economics or finance and is headed by Neven Valev (Google Scholar, LinkedIn, personal site), a Ph.D. economist with over 15 years experience as professor of economics. Neven has published over 30 academic papers on international economics as well as numerous practitioner reports and media articles. Our team works as a research institute with the highest possible level of rigor adopted from academic research.

GlobalPetrolPrices.com in the media
Bloomberg Why Africa's Top Oil Producer Is Low on Gasoline.
Reuters Oil slump with uneven global impact.
The Wall Street Journal In Geneva, SUVs grab the industry spotlight.
CNN How much does gasoline cost in Latin America?
Forbes Saudi Petrol Prices Are Still Among The World’s Cheapest.
BlackRock Dynamics of low oil prices.
CNBC Where gasoline prices are going up as oil falls.
International Monetary Fund Article IV consultation with Angola.
Investopedia Why Gasoline Costs What It Does.
The Washington Post Overview of global gasoline prices.
Time These 10 Places Have the Highest Gas Prices in the World.
BBC Five things that are wrong with the world's best country.
The Guargian - Nigeria Why petrol price is high despite crude oil plunge.
The Huffington Post Global Petrol Prices and £100: How Far Can You Go?
FOX Business The 10 Countries With the Highest Gas Prices.
Kommersant The price of fuel needed for economic development.
Times of Oman Oman to fall from ninth cheapest fuel in world to 13th.
The National Gasoline prices in Saudi Arabia.
Voice of America US Gas Prices Fall to Lowest Level Since 2004.
Finans Denmark Gasoline prices in Denmark.
Oil Price The present and future levels of U.S. gas prices.
Rosneft The oil market and its transformation.
Vermont State Legislature Testimony Regarding Vermont Carbon Pollution Tax Proposal.
World Bulletin Turkish drivers still delayed at Iran border.
El Tiempo Colombia Gasoline prices in Colombia.
Pariteni Comparing European countries in terms of gasoline affordability.
Jamaica Observer Jamaican gas prices above world average, among highest in Caribbean.
America Economia Comparing fuel prices across South America.
The Tico Times Gasoline prices in Costa Rica.
El Tribuno Diesel prices in Argentina relative to the world.
World Policy On the gasoline prices in Venezuela.
Euronews Rise in petrol price records in the Emirates.
Fleet News UK has the world's most expensive diesel.
Emirates 24-7 News What fuel price deregulation means for you.
The Province Fuel prices in Canada compared to the rest of the world.
El Liberal Gas prices in Argentina.
Hürriyet Comparing Turkey to the rest of the world.
Shorouk News Fuel prices in Africa.
Sahara Reporters Fuel subsidies in Nigeria.
Investing.com Comparing global fuel prices.
South China Morning Post Hong Kong fule prices.
Exploration World HIghest diesl prices in the world.
Daily Mail World petrol prices compared to the UK.
Supply chain digital UK now has most expensive diesel in the world, but why?
Florida Weekly The falling gas prices in the U.S.
Auto Portal Fuel prices comparison across Eastern Europe.
La Tarde Gasoline prices in Colombia.
Times Kazakhstan World petrol prices featuring the global benchmark.
Nguoidua Tin Fuel prices in Vietman compared to other countries.
The Banker newspaper Discussing Bulgarian gasoline prices in the context of Europe.
Gulf News Where to buy petrol for 7 fils a litre.
Zimbabwe Independent Zimbabwe fuel among most expensive.
Pragmatismo Politico Petrol prices in Brazil.
Next Media A piece on fuel prices in China.
The Local Switzerland Swiss petrol and fuel prices hit four-year lows.
360 All News Radio Interactive: View gas prices around the world.
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