Weekly global fuel price review, June 30, 2020

During the past week, crude oil prices lost some of their earlier gains due to COVID-19 resurgence and the potential new restrictive measures. The growth in retail fuel prices across the world also slowed down. As a result, the world average retail price of gasoline remained stable at a level of 0.92 USD per liter.

The European average gasoline price was 1.28 USD per liter marking a 0.8% increase compared with the previous week. Gasoline prices also went up by 0.5% in Asia, by 3.7% in Africa, by 1.1% in Canada, and by 1.6% in the USA. The regional average gasoline prices of South America and Australia marked a slight decrease of 0.1% and 1.6% respectively.

Looking at individual countries, the gasoline price changes varied from -5.4% (Ecuador) to above 100% (Zimbabwe). There was a decrease in 17 of the 167 reviewed countries, no change in 105 countries, and an increase in 45 countries. The gasoline prices went down by more than 2% in Ecuador, Thailand, Turkey, and Puerto Rico. The most significant price increases were observed in Malaysia, Zimbabwe, Liechtenstein, and Vietnam. The largest weekly gasoline price change was observed in Zimbabwe where the devaluation of the local currency after the launch of a forex auction system caused a significant increase in retail fuel prices.


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.


Percent change in fuel prices


Countries
Gasoline
one week
Gasoline
three months
Diesel
one week
Diesel
three months
LPG
one week
LPG
three months
Afghanistan 0.0% -23.9% 0.0% -17.4% 10.5% -16.0%
Albania 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Algeria 0.0% 9.5% 0.0% 25.8% 0.0% 0.0%
Andorra -0.3% -4.0% 0.1% -4.3%
Angola 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Argentina 0.0% -0.4% 0.0% 0.0%
Aruba 0.0% -18.6% 0.0% -24.3%
Australia -1.6% -8.9% 0.4% -15.1% 0.1% -4.2%
Austria 1.3% -3.4% 0.9% -3.9%
Azerbaijan 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Bahamas 0.0% -26.7% 0.0% -19.6%
Bahrain 0.0% 0.0% 0.0% 0.0%
Bangladesh 0.0% 0.0% 0.0% 0.0%
Barbados 0.0% -18.8% 0.0% -19.4%
Belarus 0.0% -2.7% 0.0% -2.7% 0.0% -2.1%
Belgium 0.0% 17.5% -0.1% 6.2% 0.0% 11.5%
Belize 0.0% -24.6% 0.0% -15.7%
Benin 0.0% 0.0% 0.0% 0.0%
Bhutan 0.0% -15.5% 0.0% -13.5%
Bolivia 0.0% 0.0% 0.0% 0.0%
Bosnia and Herzegovina 1.4% -17.0% 0.0% -17.8% 0.0% -18.8%
Botswana 0.0% -18.5% 0.0% -15.8%
Brazil 0.9% -10.3% 1.0% -14.2%
Bulgaria 1.5% -19.3% 1.6% -18.9% 1.2% -17.1%
Burkina Faso 0.0% -9.0% 0.0% -6.9%
Burma (Myanmar) 0.0% 6.2% 0.0% 3.4%
Burundi 0.0% 0.0% 0.0% 0.0%
Cambodia 0.0% -4.3% 0.0% -7.1% 0.0% -21.4%
Cameroon 0.0% 0.0% 0.0% 0.0%
Canada 1.1% 23.7% 1.9% -4.8% 0.0% -0.3%
Cape Verde 0.0% -26.4% 0.0% -29.0%
Cayman Islands 0.0% -12.5% 0.0% -11.4%
Central African Republic 0.0% 0.0% 0.0% 0.0%
Chad 0.0% 0.0% 0.0% 0.0%
Chile -0.6% -9.0% -1.0% -12.1% 0.3% 1.1%
China 2.3% 2.3% 1.8% 1.8%
Colombia 0.0% 0.0% 0.0% -0.0%
Costa Rica 0.0% -4.3% 0.0% -28.1%
Croatia -0.3% 6.4% 0.1% 0.4% 0.2% 15.3%
Cuba 0.0% 0.0% 0.0% 0.0%
Cyprus 2.0% 0.4% 3.2% -5.9%
Czech Republic 1.3% -7.0% 1.3% -7.3% -0.2% -4.7%
Democratic Republic of the Congo 0.0% -10.9% 0.0% -11.0%
Denmark -1.9% 8.1% -1.1% -0.9%
Dominica 0.0% 0.0% 0.0% 0.0%
Dominican Republic 1.5% 8.5% 3.7% 6.4% 0.9% 20.4%
Ecuador -5.4% -5.4% -3.6% -3.6%
Egypt 0.0% -2.9% 0.0% 0.0%
El Salvador 3.7% -4.4% 5.9% -8.6%
Estonia 0.0% -4.2% 0.0% -20.1% 0.0% -10.0%
Ethiopia 0.0% 0.0% 0.0% 0.0%
Fiji 0.0% -24.2% 0.0% -17.6% 0.0% -19.5%
Finland 2.3% -1.3% 1.8% -6.3%
France 1.1% 1.1% 1.0% -1.9% 0.1% -0.7%
Gabon 0.0% -11.7% 0.0% -12.7%
Georgia 0.0% -23.7% 0.0% -26.5% 0.0% -4.1%
Germany -0.2% 2.5% -1.1% -3.9% 0.0% 5.6%
Ghana 0.0% -14.2% 0.0% -14.7%
Greece 1.1% -0.8% 0.9% -4.8% 0.6% -5.4%
Grenada 0.0% -10.8% -0.0% -21.5%
Guatemala 0.0% -10.7% 0.0% -9.2%
Guinea 0.0% -10.0% 0.0% -10.0%
Guyana 0.0% -27.9% 0.0% -18.4%
Haiti 0.0% 0.0% 0.0% 0.0%
Honduras 1.4% -6.4% 1.9% -9.7% 0.5% 6.9%
Hong Kong 0.0% 1.8% 0.0% 2.2%
Hungary 3.7% 11.9% 3.1% 9.0% 0.0% -5.2%
Iceland 3.5% -1.4% 0.9% -3.6%
India 0.8% 15.2% -0.7% 20.9% 0.0% -23.6%
Indonesia 0.0% 0.0% 0.0% 0.0%
Iran 0.0% 0.0% 0.0% 900.0%
Iraq 0.0% 0.0% % %
Ireland 0.7% -13.8% 0.5% -13.5%
Israel 0.0% -11.6% 0.0% -5.0% 0.0% -19.5%
Italy 1.4% -4.5% 1.6% -5.4% 4.4% -3.5%
Ivory Coast 0.0% -7.2% 0.0% -4.9%
Jamaica 0.9% -9.2% 0.2% -10.2%
Japan 0.1% -6.7% 0.2% -8.1%
Jordan 0.0% -15.0% 0.0% -26.1%
Kazakhstan 0.0% -0.4% 0.0% 0.3%
Kenya 0.0% -17.0% 0.0% -25.0%
Kuwait 0.0% 0.0% 0.0% 0.0%
Kyrgyzstan 0.0% -15.2% 0.0% -20.0% 0.0% -20.9%
Laos 0.0% -16.9% 0.0% -9.7%
Latvia 0.4% -1.1% 0.5% 2.7% 0.0% -4.0%
Lebanon 0.0% 0.0% 5.0% -16.1% 3.8% -10.0%
Lesotho 0.0% -18.9% 0.0% -19.7%
Liberia 0.0% 0.0% 0.0% 0.0%
Liechtenstein 10.5% 2.8% 5.8% -6.9%
Lithuania 4.4% -7.2% 4.2% -8.9% 9.6% -1.6%
Luxembourg -1.4% 15.1% 0.0% 5.5% 1.6% 6.0%
Macedonia 0.0% 22.2% 0.0% 14.3% 0.0% -5.5%
Madagascar 0.0% 0.0% 0.0% 0.0%
Malawi 0.0% -25.8% 0.0% -25.1%
Malaysia 8.3% 17.4% 7.5% 6.3%
Mali 0.0% 0.0% 0.0% 0.0%
Malta 0.0% -5.0% 0.0% -5.5%
Mauritius 0.0% 0.0% 0.0% 0.0%
Mayotte 0.0% -13.6% 0.0% -16.4%
Mexico 1.4% 2.3% 0.8% -0.4%
Moldova 0.0% -11.4% 0.0% -15.5% 0.0% -12.2%
Monaco 0.0% -7.7% 0.0% -4.7%
Montenegro 0.0% -2.6% 0.0% -5.7%
Morocco 0.0% -19.7% 0.0% -23.2%
Mozambique 0.0% 5.1% 0.0% 4.5%
Namibia 0.0% -20.7% 0.0% -16.5%
Nepal 0.0% -9.4% 0.0% -10.5%
Netherlands 1.4% 1.0% 8.4% -2.3% 1.2% -2.5%
New Zealand -0.8% -0.9% -0.2% 0.2%
Nicaragua 0.0% -8.4% 0.0% -8.1%
Nigeria 0.0% 3.7% 0.0% -3.1%
Norway 0.4% 4.6% 0.5% 4.5%
Oman 0.0% -8.6% 0.0% -5.2%
Pakistan 0.0% -33.2% 0.0% -34.4%
Panama 0.0% -14.2% 0.0% -15.5%
Paraguay 0.0% -4.0% 0.0% -5.2% 0.0% 0.0%
Peru -0.3% -8.1% -0.5% -9.7% 0.2% -4.9%
Philippines 2.3% 3.3% 2.5% 5.2%
Poland 1.2% -7.9% 0.2% -10.9% 2.6% -3.9%
Portugal 1.0% 4.6% 0.8% -2.4% 1.0% -5.9%
Puerto Rico -2.3% 7.7% -3.0% -4.0%
Qatar 0.0% -36.4% 0.0% -38.2%
Romania 1.0% -3.9% 0.9% -4.1% 0.0% -5.3%
Russia 0.0% 1.2% 0.0% 0.1% 0.0% 7.6%
Rwanda 0.0% -11.3% 0.0% -13.8%
Saint Lucia 0.0% -12.2% 0.0% -19.0%
San Marino 0.0% -12.8% 0.0% -14.3% 0.0% -13.8%
Saudi Arabia 0.0% -47.3% 0.0% 0.0% 0.0% 0.0%
Senegal 0.0% 0.0% 0.0% 0.0%
Serbia 1.6% -11.2% 1.5% -11.1% 1.4% -9.5%
Sierra Leone 0.0% -17.6% 0.0% -17.6%
Singapore 0.0% -3.8% 0.0% -1.7%
Slovakia 1.0% -3.7% 0.4% -5.4% 1.7% -2.9%
Slovenia 0.0% -2.8% 0.0% -1.7% 0.0% -5.7%
South Africa 0.0% -15.9% 0.0% -17.4%
South Korea 1.2% -8.6% 1.4% -10.4% 0.0% -14.3%
Spain 0.3% -1.2% 0.1% -2.8% -0.0% -3.4%
Sri Lanka 0.0% 0.0% 0.0% 0.0%
Sudan 0.0% 0.0% 0.0% 0.0%
Suriname 0.0% 1.4% 0.0% -0.1%
Swaziland 0.0% -6.6% 0.0% -5.5%
Sweden -0.3% 11.5% -0.6% -0.7% 0.0% -0.6%
Switzerland 0.9% -8.3% 0.6% -7.6% -1.8% -12.4%
Taiwan 1.3% 14.6% 1.6% 19.8% 0.0% -17.1%
Tanzania 0.0% -31.0% 0.0% -28.2%
Thailand -4.0% 5.5% -3.1% 1.9%
Togo 0.0% -24.6% 0.0% -20.6%
Trinidad and Tobago 0.0% 0.0% 0.0% 0.0%
Tunisia 0.0% -4.4% 0.0% -4.1%
Turkey -3.3% 17.3% -2.8% 7.1% -0.0% -9.6%
Turkmenistan 0.0% 0.0% 0.0% 0.0%
Uganda 0.0% 0.0% 0.0% 0.0%
Ukraine 0.0% -16.6% 0.0% -16.7% -0.1% 4.4%
United Arab Emirates 0.0% -11.8% 0.0% -8.4%
United Kingdom 1.2% -7.8% 0.9% -7.2% 0.0% 0.0%
Uruguay 0.0% 0.0% 0.0% 0.0%
USA 1.6% 0.8% 0.2% -8.3%
Uzbekistan 0.0% 0.0% 0.0% 0.0%
Venezuela 0.0% 83,233.3% 0.0% 0.0%
Vietnam 6.3% -10.9% 5.2% -7.1%
Wallis and Futuna Islands 0.0% -0.8% 0.0% -0.4%
Yemen 0.0% -19.2% 0.0% -19.8%
Zambia 0.0% 0.0% 0.0% 0.0%
Zimbabwe 147.3% 283.0% 151.8% 236.4%




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