Weekly global fuel price review (December 18, 2018)

After the regular OPEC meeting this month, the crude oil price decline slowed down and most of the regulated retail fuel markets are awaiting the new year for further price adjustments. However, the downward fuel price trend continued in the liberalized markets and as a result, the world average prices of gasoline and diesel went down to levels of 1.04 USD and 1.00 USD per liter respectively.

The European average gasoline price was 1.42 USD per liter marking 0.5% weekly decrease. Gasoline prices also went down by 0.9% in Australia, by 0.3% in Asia, by 0.5% in South America, and by 0.2% in Africa. In the USA and New Zealand, the weekly gasoline price decrease exceeded 1%.

Looking at individual countries, the gasoline price changes varied from -7.1% (Aruba) to 4% (Lithuania). There was a decrease in 46 of the 111 reviewed countries, no change in 53 countries, and an increase in only 12 countries. Gasoline became around 1% more expensive in Denmark, the Philippines, and Argentina. Gasoline went down by more than 5% in the Cayman Islands, Cyprus, Aruba, Ireland, Morocco, and Panama. The largest weekly fuel price change was observed in Aruba where the selling prices of all petroleum products experienced drastic changes due to the government policy of monthly price adjustments.


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


Countries Gasoline Diesel
Change
one week
Change
three months
Change
one week
Change
three months
Algeria 0.0% 0.0% 0.0% 0.0%
Andorra -1.0% -9.5% -1.4% -3.2%
Argentina 1.0% 11.5% 0.4% 17.8%
Aruba -7.1% -8.2% -6.8% -2.0%
Australia -0.9% -8.2% -1.8% -3.1%
Austria -2.4% -7.9% -2.1% -3.7%
Barbados 0.0% -5.1% 0.0% 1.0%
Belarus 0.7% 8.5% 0.7% 8.5%
Belgium 0.0% -9.4% 0.0% -4.0%
Bolivia 0.0% 0.0% 0.0% 0.0%
Brazil -3.1% -3.5% -3.2% 1.0%
Bulgaria -2.6% -11.8% -3.2% -3.1%
Cambodia -2.8% -13.8% -4.9% -12.8%
Cameroon 0.0% 0.0% 0.0% 0.0%
Canada -0.6% -17.7% -1.4% -5.4%
Cape Verde 0.0% -10.0% 0.0% -1.4%
Cayman Islands -5.2% -5.0% -2.3% 0.2%
Chile -0.6% -0.8% -2.1% 3.7%
China -1.4% -5.2% -1.5% -5.3%
Colombia 0.0% 2.4% 0.0% 2.3%
Costa Rica 0.0% -6.5% 0.0% 3.9%
Croatia -0.4% -15.4% -0.8% -7.6%
Cyprus -5.7% -13.9% -5.5% -9.2%
Czech Republic 0.6% -2.3% -2.6% -1.3%
Denmark 0.9% -5.0% -0.9% -3.9%
Dominican Republic -0.5% -12.2% -1.7% -12.2%
Egypt 0.0% 0.0% 0.0% 0.0%
El Salvador -4.4% -16.5% -6.9% -11.9%
Estonia 0.5% -4.7% 0.3% 1.7%
Fiji 0.0% 2.8% 0.0% 3.7%
Finland -0.8% -7.7% -1.6% 2.0%
France 0.3% -7.4% 0.1% -3.4%
Georgia -0.7% 2.4% -0.8% 6.4%
Germany -2.2% -3.8% -2.7% 2.2%
Ghana 0.0% -1.8% 0.0% 1.1%
Greece -0.5% -8.1% -0.5% -3.9%
Grenada 0.0% -0.4% 0.0% 4.0%
Guatemala -0.2% -14.7% -2.3% -6.6%
Honduras -2.0% -9.8% -3.2% -5.8%
Hong Kong -0.9% -7.3% -1.5% -6.0%
Hungary -0.0% -12.9% -0.5% -5.7%
Iceland 0.0% -3.2% 0.0% 0.9%
India 0.3% -13.0% -0.5% -12.1%
Indonesia 0.0% 7.3% 0.0% 6.6%
Ireland -6.2% -4.9% 0.0% 0.0%
Israel 0.0% -8.5% 0.0% -9.2%
Italy -2.0% -6.1% -1.7% -2.5%
Ivory Coast 0.0% 3.2% 0.0% 0.8%
Jamaica 0.7% -10.0% -0.2% -7.2%
Japan -1.2% -3.9% -1.2% -2.7%
Jordan 0.0% -9.0% 0.0% -3.2%
Kenya -3.9% -2.1% -0.5% 6.9%
Kuwait 0.0% 0.0% 0.0% 0.0%
Kyrgyzstan -1.1% 1.1% -2.2% 1.6%
Laos 0.0% 4.7% 0.0% 5.9%
Latvia -1.5% -5.8% -1.5% 0.7%
Lebanon -2.5% -16.1% -4.3% -9.1%
Lithuania 4.0% -1.3% 4.0% 7.4%
Luxembourg 0.0% -11.0% 0.0% -4.3%
Macedonia 0.0% -14.6% 0.0% -9.3%
Malawi 0.0% 11.5% 0.0% 11.2%
Malaysia 0.0% 0.0% 0.0% 0.0%
Malta 0.0% 0.0% 0.0% 0.0%
Mauritius 0.0% 0.0% 0.0% 0.0%
Mayotte 0.0% -4.5% 0.0% 0.0%
Mexico -0.4% 0.4% -3.9% -1.4%
Moldova 0.0% 0.0% 0.0% 0.0%
Montenegro 0.0% -10.1% 0.0% -4.8%
Morocco -6.0% -10.9% -0.2% -5.8%
Nepal 0.0% 0.0% 0.0% 1.0%
Netherlands -1.0% -9.8% -1.9% -4.9%
New Zealand -1.1% -12.0% -0.6% -12.3%
Nicaragua -1.4% -11.0% -4.2% -3.5%
Norway -0.0% -6.9% -0.1% -0.5%
Oman 0.0% -2.6% 0.0% -0.4%
Pakistan 0.0% 3.2% 0.0% 4.1%
Panama -5.8% -17.0% -7.8% -9.4%
Peru 0.0% 0.3% 0.0% 7.5%
Philippines 0.9% -11.5% -0.3% -15.9%
Poland -0.6% -4.1% -0.8% 2.6%
Portugal 0.0% -10.5% -0.3% -5.3%
Qatar 0.0% -11.9% 0.0% -2.4%
Romania -0.1% -10.9% -0.0% -6.3%
Russia 0.3% 0.9% 0.0% 4.5%
Rwanda 0.0% 2.1% 0.0% 5.0%
Saint Lucia 0.0% 0.0% 0.0% 0.0%
Serbia 0.0% -3.9% 0.0% -0.6%
Sierra Leone 0.0% 0.0% 0.0% 0.0%
Singapore 0.0% -6.3% 0.0% -5.4%
Slovakia -0.6% -12.1% -0.4% -4.4%
Slovenia 0.0% -9.5% 0.0% -3.4%
South Africa 0.0% -5.3% 0.0% 2.0%
South Korea -1.7% -12.2% -1.5% -7.4%
Spain -0.7% -9.4% -0.7% -6.6%
Sri Lanka 0.0% -1.2% 0.0% -13.8%
Suriname 0.0% -1.1% 0.0% 3.4%
Sweden -0.3% -10.1% -1.0% -5.5%
Switzerland -0.9% -4.9% -3.3% -2.0%
Taiwan -0.4% -9.4% -0.4% -12.3%
Tanzania 0.0% 2.7% 0.0% 7.2%
Thailand 0.0% -7.5% -1.1% -10.4%
Tunisia 0.0% 0.0% 0.0% 0.0%
Turkey 0.1% -11.0% 0.0% -5.3%
Uganda 0.0% 1.2% 0.0% 2.7%
Ukraine -0.8% -2.2% -0.8% 4.5%
United Arab Emirates 0.0% -13.3% 0.0% -1.1%
United Kingdom -1.1% -6.8% -0.8% -0.4%
Uruguay 0.0% 0.0% 0.0% 0.0%
USA -1.7% -14.1% -1.2% -3.6%
Vietnam 0.0% -14.0% 0.0% -10.0%
Zambia 0.0% 16.8% 0.0% 22.0%




Changes in fuel prices, in local currencies

Countries Gasoline
Current price
local currency
Change
one week
Change
three months
41.97 0.0% 0.0%
1.09 -1.0% -9.5%
40.56 1.0% 11.5%
1.99 -7.1% -8.2%
1.39 -0.9% -8.2%
1.21 -2.4% -7.9%
3.71 0.0% -5.1%
1.54 0.7% 8.5%
1.33 0.0% -9.4%
3.74 0.0% 0.0%
4.37 -3.1% -3.5%
1.97 -2.6% -11.8%
3671.43 -2.8% -13.8%
630.00 0.0% 0.0%
1.24 -0.6% -17.7%
117.20 0.0% -10.0%
1.03 -5.2% -5.0%
856.40 -0.6% -0.8%
7.18 -1.4% -5.2%
2412.68 0.0% 2.4%
637.00 0.0% -6.5%
8.89 -0.4% -15.4%
1.14 -5.7% -13.9%
32.76 0.6% -2.3%
11.46 0.9% -5.0%
56.45 -0.5% -12.2%
7.75 0.0% 0.0%
0.81 -4.4% -16.5%
1.27 0.5% -4.7%
2.24 0.0% 2.8%
1.44 -0.8% -7.7%
1.44 0.3% -7.4%
2.49 -0.7% 2.4%
1.44 -2.2% -3.8%
4.99 0.0% -1.8%
1.53 -0.5% -8.1%
3.50 0.0% -0.4%
6.31 -0.2% -14.7%
23.76 -2.0% -9.8%
15.94 -0.9% -7.3%
354.20 -0.0% -12.9%
221.40 0.0% -3.2%
73.12 0.3% -13.0%
10712.50 0.0% 7.3%
1.39 -6.2% -4.9%
6.22 0.0% -8.5%
1.53 -2.0% -6.1%
640.00 0.0% 3.2%
153.96 0.7% -10.0%
143.70 -1.2% -3.9%
0.97 0.0% -9.0%
113.70 -3.9% -2.1%
0.11 0.0% 0.0%
46.50 -1.1% 1.1%
10890.00 0.0% 4.7%
1.23 -1.5% -5.8%
1170.00 -2.5% -16.1%
1.16 4.0% -1.3%
1.14 0.0% -11.0%
61.50 0.0% -14.6%
990.30 0.0% 11.5%
2.20 0.0% 0.0%
1.36 0.0% 0.0%
49.65 0.0% 0.0%
1.49 0.0% -4.5%
20.69 -0.4% 0.4%
18.90 0.0% 0.0%
1.24 0.0% -10.1%
10.21 -6.0% -10.9%
112.00 0.0% 0.0%
1.52 -1.0% -9.8%
2.14 -1.1% -12.0%
30.04 -1.4% -11.0%
15.84 -0.0% -6.9%
0.22 0.0% -2.6%
95.83 0.0% 3.2%
0.73 -5.8% -17.0%
3.67 0.0% 0.3%
50.25 0.9% -11.5%
4.88 -0.6% -4.1%
1.44 0.0% -10.5%
1.85 0.0% -11.9%
5.08 -0.1% -10.9%
45.60 0.3% 0.9%
1132.00 0.0% 2.1%
3.07 0.0% 0.0%
147.70 0.0% -3.9%
8000.00 0.0% 0.0%
2.11 0.0% -6.3%
1.26 -0.6% -12.1%
1.23 0.0% -9.5%
14.95 0.0% -5.3%
1430.50 -1.7% -12.2%
1.21 -0.7% -9.4%
159.00 0.0% -1.2%
6.89 0.0% -1.1%
14.47 -0.3% -10.1%
1.57 -0.9% -4.9%
27.70 -0.4% -9.4%
2436.00 0.0% 2.7%
35.09 0.0% -7.5%
1.99 0.0% 0.0%
6.17 0.1% -11.0%
4150.00 0.0% 1.2%
30.46 -0.8% -2.2%
2.15 0.0% -13.3%
1.21 -1.1% -6.8%
54.95 0.0% 0.0%
0.71 -1.7% -14.1%
18707.50 0.0% -14.0%
16.06 0.0% 16.8%




Countries Diesel
Current price
local currency
Change
one week
Change
three months
23.06 0.0% 0.0%
1.02 -1.4% -3.2%
36.62 0.4% 17.8%
1.81 -6.8% -2.0%
1.49 -1.8% -3.1%
1.22 -2.1% -3.7%
3.17 0.0% 1.0%
1.54 0.7% 8.5%
1.44 0.0% -4.0%
3.72 0.0% 0.0%
3.52 -3.2% 1.0%
2.15 -3.2% -3.1%
3314.29 -4.9% -12.8%
575.00 0.0% 0.0%
1.24 -1.4% -5.4%
104.90 0.0% -1.4%
0.99 -2.3% 0.2%
652.80 -2.1% 3.7%
6.40 -1.5% -5.3%
2253.39 0.0% 2.3%
587.00 0.0% 3.9%
9.35 -0.8% -7.6%
1.23 -5.5% -9.2%
32.22 -2.6% -1.3%
10.47 -0.9% -3.9%
45.41 -1.7% -12.2%
5.50 0.0% 0.0%
0.77 -6.9% -11.9%
1.31 0.3% 1.7%
1.97 0.0% 3.7%
1.42 -1.6% 2.0%
1.44 0.1% -3.4%
2.55 -0.8% 6.4%
1.33 -2.7% 2.2%
5.17 0.0% 1.1%
1.38 -0.5% -3.9%
3.43 0.0% 4.0%
5.71 -2.3% -6.6%
21.15 -3.2% -5.8%
13.30 -1.5% -6.0%
392.70 -0.5% -5.7%
223.10 0.0% 0.9%
66.56 -0.5% -12.1%
12200.00 0.0% 6.6%
1.36 0.0% 0.0%
5.72 0.0% -9.2%
1.48 -1.7% -2.5%
615.00 0.0% 0.8%
156.85 -0.2% -7.2%
124.00 -1.2% -2.7%
0.61 0.0% -3.2%
112.56 -0.5% 6.9%
0.12 0.0% 0.0%
45.50 -2.2% 1.6%
8790.00 0.0% 5.9%
1.22 -1.5% 0.7%
900.00 -4.3% -9.1%
1.16 4.0% 7.4%
1.08 0.0% -4.3%
58.50 0.0% -9.3%
990.40 0.0% 11.2%
2.18 0.0% 0.0%
1.23 0.0% 0.0%
40.00 0.0% 0.0%
1.30 0.0% 0.0%
19.90 -3.9% -1.4%
16.77 0.0% 0.0%
1.20 0.0% -4.8%
9.41 -0.2% -5.8%
99.00 0.0% 1.0%
1.31 -1.9% -4.9%
1.50 -0.6% -12.3%
27.94 -4.2% -3.5%
15.59 -0.1% -0.5%
0.25 0.0% -0.4%
110.94 0.0% 4.1%
0.70 -7.8% -9.4%
3.41 0.0% 7.5%
38.15 -0.3% -15.9%
5.15 -0.8% 2.6%
1.31 -0.3% -5.3%
2.00 0.0% -2.4%
5.48 -0.0% -6.3%
46.02 0.0% 4.5%
1148.00 0.0% 5.0%
3.07 0.0% 0.0%
162.90 0.0% -0.6%
8000.00 0.0% 0.0%
1.66 0.0% -5.4%
1.22 -0.4% -4.4%
1.27 0.0% -3.4%
16.41 0.0% 2.0%
1323.85 -1.5% -7.4%
1.16 -0.7% -6.6%
106.00 0.0% -13.8%
6.77 0.0% 3.4%
15.36 -1.0% -5.5%
1.72 -3.3% -2.0%
23.80 -0.4% -12.3%
2436.00 0.0% 7.2%
26.79 -1.1% -10.4%
1.75 0.0% 0.0%
5.98 0.0% -5.3%
3850.00 0.0% 2.7%
30.22 -0.8% 4.5%
2.61 0.0% -1.1%
1.31 -0.8% -0.4%
40.40 0.0% 0.0%
0.81 -1.2% -3.6%
16410.00 0.0% -10.0%
14.65 0.0% 22.0%
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