Weekly global fuel price review (October 16, 2018)

During the past week, crude oil prices decreased by 4% as global supply concerns eased. The highly liberalized markets immediately reflected the fall but there were also many markets where motor fuels prices continued their upward trend. As a result, the world average prices of gasoline and diesel went up to levels of 1.16 and 1.08 USD per liter.

The European average gasoline price was 1.55 USD per liter remaining stable compared to the previous week. Gasoline prices decreased by 0.2% in Africa, by 0.6% in the USA, and by 1.1% in Canada. In Australia, South America, and Asia, gasoline prices went up.

Looking at individual countries, the gasoline price changes varied from 5.6% (Guatemala) to -4.3% (Georgia). There was an increase in 40 of the 111 reviewed countries, no change in 52 countries, and a decrease in 19 countries.Gasoline prices decreased by more than 3% in Georgia, Sweden, and Denmark.Gasoline prices went up by more than 3% in Guatemala, Sri Lanka, Panama, and Peru. The largest weekly fuel price change was observed in Guatemala where the oil marketing companies increase the prices of all types of gasoline reflecting the increase of international crude oil prices during the previous weeks.


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 -0.2% 2.6% 0.8% 4.8%
Argentina 2.7% 36.0% 1.0% 38.3%
Aruba 0.2% 6.9% 2.8% 10.5%
Australia 1.2% 8.3% 1.8% 6.2%
Austria 0.1% 3.4% 0.8% 6.1%
Barbados 0.0% -1.8% 0.0% -0.3%
Belarus 0.7% 7.3% 0.7% 7.3%
Belgium -1.5% 0.1% 0.0% 6.0%
Bolivia 0.0% 0.0% 0.0% 0.0%
Brazil 0.5% 5.1% 1.2% 9.7%
Bulgaria 0.4% 1.9% 1.0% 2.5%
Cambodia 0.0% 5.5% 0.0% 6.9%
Cameroon 0.0% 0.0% 0.0% 0.0%
Canada -1.1% -4.1% 1.8% 1.8%
Cape Verde 0.0% 1.1% 0.0% 3.7%
Cayman Islands 0.0% 0.2% 1.3% 1.3%
Chile 0.5% 5.9% 0.9% 8.6%
China 0.0% 3.7% 0.0% 4.1%
Colombia 0.0% 1.8% 0.0% 2.5%
Costa Rica 0.0% 0.4% 0.0% 5.4%
Croatia -1.7% 0.8% -0.1% 5.7%
Cyprus 1.4% 2.3% 1.2% 4.5%
Czech Republic 0.4% 1.3% 1.3% 2.9%
Denmark -3.2% -0.8% -3.7% 3.8%
Dominican Republic 0.0% -0.7% 0.0% 3.4%
Egypt 0.0% 0.0% 0.0% 0.0%
El Salvador 0.0% 1.4% 0.0% 6.6%
Estonia 0.6% 3.7% 0.7% 8.4%
Fiji 2.8% 8.7% 3.7% 11.9%
Finland -2.5% 0.0% -1.1% 4.5%
France -1.2% 1.8% -0.1% 5.8%
Georgia -4.3% -1.7% 1.0% 4.3%
Germany 0.5% 5.1% 1.8% 4.8%
Ghana 0.0% 5.6% 0.0% 5.8%
Greece 0.4% 1.6% 1.0% 4.1%
Grenada 0.0% -1.0% 0.0% -0.8%
Guatemala 5.6% 6.1% 6.7% 11.1%
Honduras 0.3% 2.8% 0.5% 4.5%
Hong Kong 0.0% 3.9% 0.0% 4.8%
Hungary -0.7% 1.1% 1.9% 6.1%
Iceland 0.9% 2.2% 1.8% 5.9%
India 0.8% 7.2% 2.2% 10.2%
Indonesia 0.0% 4.9% 0.0% 9.4%
Ireland 0.0% 2.7% 1.4% 5.2%
Israel 0.0% 1.5% 0.0% 1.6%
Italy 0.9% 1.6% 1.3% 2.4%
Ivory Coast 0.0% 1.6% 0.0% 0.0%
Jamaica -0.1% 5.0% 0.8% 8.4%
Japan 1.6% 4.5% 1.9% 5.0%
Jordan 0.0% 1.0% 0.0% 2.5%
Kenya -7.4% 6.1% -4.6% 5.6%
Kuwait 0.0% 0.0% 0.0% 0.0%
Kyrgyzstan 0.4% -1.1% 2.2% 3.3%
Laos 0.0% 0.0% 0.0% 0.0%
Latvia 1.5% 4.1% 3.3% 8.2%
Lebanon 1.1% 1.8% 1.5% 6.6%
Lithuania 0.4% 14.1% 0.3% 8.3%
Luxembourg -1.1% 0.3% 0.0% 5.2%
Macedonia 1.4% 3.5% 3.0% 7.8%
Malawi 0.0% 13.1% 0.0% 14.7%
Malaysia 0.0% 0.0% 0.0% 0.0%
Malta 0.0% 3.8% 0.0% 4.2%
Mauritius 0.0% 0.0% 0.0% 0.0%
Mayotte 0.0% 0.6% 0.0% 0.8%
Mexico 0.2% 1.9% 0.4% 4.5%
Moldova 0.0% -0.5% 0.0% -0.9%
Montenegro 0.0% -2.1% 0.0% 0.0%
Morocco 0.0% 0.0% 0.0% 0.0%
Nepal 0.0% 3.6% 0.0% 8.6%
Netherlands 0.4% 1.4% 2.7% 5.6%
New Zealand 0.1% 10.8% -0.6% 13.5%
Nicaragua 0.0% 5.7% 0.0% 10.9%
Norway -1.3% 0.9% 0.1% 4.5%
Oman 0.0% 3.6% 0.0% 17.6%
Pakistan 0.0% -6.7% 0.0% -10.7%
Panama 3.6% 1.4% 4.6% 6.1%
Peru 3.6% 6.6% -0.5% 0.3%
Philippines 0.6% 12.3% 3.1% 11.9%
Poland -0.4% 1.0% 1.0% 2.8%
Portugal -0.4% 1.2% 0.3% 5.4%
Qatar 0.0% 2.4% 0.0% 0.0%
Romania 0.2% 1.0% 0.4% 3.7%
Russia 0.2% 0.0% 0.4% 0.4%
Rwanda 0.0% 0.0% 0.0% 0.0%
Saint Lucia 0.0% 0.0% 0.0% 0.0%
Serbia 1.3% 3.3% 1.8% 4.6%
Sierra Leone 0.0% 33.3% 0.0% 33.3%
Singapore 0.0% 4.8% 0.2% 10.1%
Slovakia 0.0% 0.9% 1.2% 2.0%
Slovenia 0.0% 2.3% 0.0% 5.8%
South Africa 0.0% 6.7% 0.0% 7.8%
South Korea 0.8% 4.7% 0.9% 5.6%
Spain -0.4% 1.8% 0.1% 4.2%
Sri Lanka 5.0% 14.2% 0.0% 12.8%
Suriname 0.0% 0.1% 0.0% -1.8%
Sweden -3.1% -0.9% -1.2% 5.8%
Switzerland 0.5% 2.8% 1.3% 3.6%
Taiwan 0.0% 0.0% 0.0% 0.0%
Tanzania 0.0% -1.7% 0.0% -1.1%
Thailand -2.5% 3.8% 0.0% 2.8%
Tunisia 0.0% 3.1% 0.0% 3.6%
Turkey 0.2% 11.2% 0.3% 11.5%
Uganda 0.0% 2.5% 1.3% 8.6%
Ukraine 0.2% 13.6% 1.8% 17.5%
United Arab Emirates 0.0% 2.0% 0.0% 3.8%
United Kingdom 0.7% 2.7% 1.0% 4.0%
Uruguay 0.0% 0.0% 0.0% 0.0%
USA -0.6% 0.8% 0.7% 4.1%
Vietnam 0.0% 5.4% 0.0% 6.7%
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
Algeria 41.97 0.0% 0.0%
Andorra 1.23 -0.2% 2.6%
Argentina 39.67 2.7% 36.0%
Aruba 2.16 0.2% 6.9%
Australia 1.58 1.2% 8.3%
Austria 1.34 0.1% 3.4%
Barbados 3.89 0.0% -1.8%
Belarus 1.47 0.7% 7.3%
Belgium 1.47 -1.5% 0.1%
Bolivia 3.74 0.0% 0.0%
Brazil 4.72 0.5% 5.1%
Bulgaria 2.26 0.4% 1.9%
Cambodia 4392.86 0.0% 5.5%
Cameroon 630.00 0.0% 0.0%
Canada 1.46 -1.1% -4.1%
Cape Verde 131.90 0.0% 1.1%
Cayman Islands 1.08 0.0% 0.2%
Chile 889.80 0.5% 5.9%
China 7.85 0.0% 3.7%
Colombia 2387.59 0.0% 1.8%
Costa Rica 680.00 0.0% 0.4%
Croatia 10.57 -1.7% 0.8%
Cyprus 1.35 1.4% 2.3%
Czech Republic 33.80 0.4% 1.3%
Denmark 11.96 -3.2% -0.8%
Dominican Republic 63.56 0.0% -0.7%
Egypt 7.75 0.0% 0.0%
El Salvador 1.01 0.0% 1.4%
Estonia 1.39 0.6% 3.7%
Fiji 2.24 2.8% 8.7%
Finland 1.55 -2.5% 0.0%
France 1.57 -1.2% 1.8%
Georgia 2.36 -4.3% -1.7%
Germany 1.52 0.5% 5.1%
Ghana 5.21 0.0% 5.6%
Greece 1.68 0.4% 1.6%
Grenada 3.51 0.0% -1.0%
Guatemala 7.82 5.6% 6.1%
Honduras 26.99 0.3% 2.8%
Hong Kong 17.29 0.0% 3.9%
Hungary 408.10 -0.7% 1.1%
Iceland 231.70 0.9% 2.2%
India 85.36 0.8% 7.2%
Indonesia 10337.50 0.0% 4.9%
Ireland 1.50 0.0% 2.7%
Israel 6.80 0.0% 1.5%
Italy 1.66 0.9% 1.6%
Ivory Coast 620.00 0.0% 1.6%
Jamaica 175.12 -0.1% 5.0%
Japan 155.50 1.6% 4.5%
Jordan 1.06 0.0% 1.0%
Kenya 117.51 -7.4% 6.1%
Kuwait 0.11 0.0% 0.0%
Kyrgyzstan 46.50 0.4% -1.1%
Laos 10400.00 0.0% 0.0%
Latvia 1.33 1.5% 4.1%
Lebanon 1425.00 1.1% 1.8%
Lithuania 1.20 0.4% 14.1%
Luxembourg 1.28 -1.1% 0.3%
Macedonia 74.50 1.4% 3.5%
Malawi 932.50 0.0% 13.1%
Malaysia 2.20 0.0% 0.0%
Malta 1.36 0.0% 3.8%
Mauritius 49.65 0.0% 0.0%
Mayotte 1.56 0.0% 0.6%
Mexico 20.90 0.2% 1.9%
Moldova 18.90 0.0% -0.5%
Montenegro 1.38 0.0% -2.1%
Morocco 11.46 0.0% 0.0%
Nepal 114.00 0.0% 3.6%
Netherlands 1.69 0.4% 1.4%
New Zealand 2.55 0.1% 10.8%
Nicaragua 35.66 0.0% 5.7%
Norway 16.82 -1.3% 0.9%
Oman 0.23 0.0% 3.6%
Pakistan 92.83 0.0% -6.7%
Panama 0.91 3.6% 1.4%
Peru 3.80 3.6% 6.6%
Philippines 60.87 0.6% 12.3%
Poland 5.09 -0.4% 1.0%
Portugal 1.60 -0.4% 1.2%
Qatar 2.10 0.0% 2.4%
Romania 5.79 0.2% 1.0%
Russia 45.39 0.2% 0.0%
Rwanda 1109.00 0.0% 0.0%
Saint Lucia 3.07 0.0% 0.0%
Serbia 157.70 1.3% 3.3%
Sierra Leone 8000.00 0.0% 33.3%
Singapore 2.28 0.0% 4.8%
Slovakia 1.41 0.0% 0.9%
Slovenia 1.37 0.0% 2.3%
South Africa 16.79 0.0% 6.7%
South Korea 1685.30 0.8% 4.7%
Spain 1.35 -0.4% 1.8%
Sri Lanka 169.00 5.0% 14.2%
Suriname 6.97 0.0% 0.1%
Sweden 15.72 -3.1% -0.9%
Switzerland 1.67 0.5% 2.8%
Taiwan 30.56 0.0% 0.0%
Tanzania 2368.00 0.0% -1.7%
Thailand 38.34 -2.5% 3.8%
Tunisia 1.99 0.0% 3.1%
Turkey 6.97 0.2% 11.2%
Uganda 4100.00 0.0% 2.5%
Ukraine 33.16 0.2% 13.6%
United Arab Emirates 2.50 0.0% 2.0%
United Kingdom 1.32 0.7% 2.7%
Uruguay 54.95 0.0% 0.0%
USA 0.84 -0.6% 0.8%
Vietnam 22635.00 0.0% 5.4%
Zambia 16.06 0.0% 16.8%




Countries Diesel
Current price
local currency
Change
one week
Change
three months
Algeria 23.06 0.0% 0.0%
Andorra 1.10 0.8% 4.8%
Argentina 34.52 1.0% 38.3%
Aruba 1.90 2.8% 10.5%
Australia 1.63 1.8% 6.2%
Austria 1.32 0.8% 6.1%
Barbados 3.20 0.0% -0.3%
Belarus 1.47 0.7% 7.3%
Belgium 1.56 0.0% 6.0%
Bolivia 3.72 0.0% 0.0%
Brazil 3.71 1.2% 9.7%
Bulgaria 2.26 1.0% 2.5%
Cambodia 3871.43 0.0% 6.9%
Cameroon 575.00 0.0% 0.0%
Canada 1.35 1.8% 1.8%
Cape Verde 110.30 0.0% 3.7%
Cayman Islands 1.00 1.3% 1.3%
Chile 658.20 0.9% 8.6%
China 7.04 0.0% 4.1%
Colombia 2229.61 0.0% 2.5%
Costa Rica 586.00 0.0% 5.4%
Croatia 10.47 -0.1% 5.7%
Cyprus 1.38 1.2% 4.5%
Czech Republic 33.47 1.3% 2.9%
Denmark 11.07 -3.7% 3.8%
Dominican Republic 51.20 0.0% 3.4%
Egypt 5.50 0.0% 0.0%
El Salvador 0.90 0.0% 6.6%
Estonia 1.39 0.7% 8.4%
Fiji 1.97 3.7% 11.9%
Finland 1.45 -1.1% 4.5%
France 1.54 -0.1% 5.8%
Georgia 2.49 1.0% 4.3%
Germany 1.33 1.8% 4.8%
Ghana 5.32 0.0% 5.8%
Greece 1.48 1.0% 4.1%
Grenada 3.30 0.0% -0.8%
Guatemala 6.76 6.7% 11.1%
Honduras 23.26 0.5% 4.5%
Hong Kong 14.30 0.0% 4.8%
Hungary 434.60 1.9% 6.1%
Iceland 231.10 1.8% 5.9%
India 77.92 2.2% 10.2%
Indonesia 12000.00 0.0% 9.4%
Ireland 1.42 1.4% 5.2%
Israel 6.30 0.0% 1.6%
Italy 1.55 1.3% 2.4%
Ivory Coast 610.00 0.0% 0.0%
Jamaica 175.21 0.8% 8.4%
Japan 133.30 1.9% 5.0%
Jordan 0.63 0.0% 2.5%
Kenya 111.62 -4.6% 5.6%
Kuwait 0.12 0.0% 0.0%
Kyrgyzstan 46.50 2.2% 3.3%
Laos 8300.00 0.0% 0.0%
Latvia 1.27 3.3% 8.2%
Lebanon 1045.00 1.5% 6.6%
Lithuania 1.10 0.3% 8.3%
Luxembourg 1.18 0.0% 5.2%
Macedonia 69.00 3.0% 7.8%
Malawi 935.60 0.0% 14.7%
Malaysia 2.18 0.0% 0.0%
Malta 1.23 0.0% 4.2%
Mauritius 40.00 0.0% 0.0%
Mayotte 1.30 0.0% 0.8%
Mexico 20.50 0.4% 4.5%
Moldova 16.77 0.0% -0.9%
Montenegro 1.30 0.0% 0.0%
Morocco 9.99 0.0% 0.0%
Nepal 101.00 0.0% 8.6%
Netherlands 1.44 2.7% 5.6%
New Zealand 1.77 -0.6% 13.5%
Nicaragua 32.11 0.0% 10.9%
Norway 16.20 0.1% 4.5%
Oman 0.29 0.0% 17.6%
Pakistan 106.57 0.0% -10.7%
Panama 0.84 4.6% 6.1%
Peru 3.17 -0.5% 0.3%
Philippines 49.80 3.1% 11.9%
Poland 5.13 1.0% 2.8%
Portugal 1.44 0.3% 5.4%
Qatar 2.05 0.0% 0.0%
Romania 6.02 0.4% 3.7%
Russia 44.20 0.4% 0.4%
Rwanda 1093.00 0.0% 0.0%
Saint Lucia 3.07 0.0% 0.0%
Serbia 169.90 1.8% 4.6%
Sierra Leone 8000.00 0.0% 33.3%
Singapore 1.81 0.2% 10.1%
Slovakia 1.30 1.2% 2.0%
Slovenia 1.35 0.0% 5.8%
South Africa 17.33 0.0% 7.8%
South Korea 1489.25 0.9% 5.6%
Spain 1.28 0.1% 4.2%
Sri Lanka 123.00 0.0% 12.8%
Suriname 6.55 0.0% -1.8%
Sweden 16.66 -1.2% 5.8%
Switzerland 1.77 1.3% 3.6%
Taiwan 27.15 0.0% 0.0%
Tanzania 2304.00 0.0% -1.1%
Thailand 29.89 0.0% 2.8%
Tunisia 1.75 0.0% 3.6%
Turkey 6.37 0.3% 11.5%
Uganda 3800.00 1.3% 8.6%
Ukraine 31.75 1.8% 17.5%
United Arab Emirates 2.76 0.0% 3.8%
United Kingdom 1.37 1.0% 4.0%
Uruguay 40.40 0.0% 0.0%
USA 0.87 0.7% 4.1%
Vietnam 18795.00 0.0% 6.7%
Zambia 14.65 0.0% 22.0%
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