Weekly global fuel price review (February 19, 2019)
After three weeks of price stability, the crude oil prices marked a 7% weekly increase due to the squeezed global supply. The retail fuel prices around the world still haven't reflected the upward trend and the global average prices of gasoline and diesel remained at their previous week's levels of 1.01 USD and 0.98 USD per liter respectively.
The European average gasoline price was 1.32 USD per liter marking a 0.6% increase compared with the previous week. Gasoline prices also went up by 0.1% in Asia, by 0.2% in South America, by 1.5% in the USA, and by 0.6% in Canada. In Africa and Australia, gasoline prices decreased by 0.1% and 0.8% respectively.
Looking at individual countries, the gasoline price changes varied from -5.8% (Indonesia) to 3.4% (Sri Lanka). There was a decrease in 20 of the 112 reviewed countries, no change in 50 countries, and an increase in 42 countries. Gasoline prices became around 3% more expensive in Sri Lanka, Denmark, Sweden, and Lithuania. Gasoline went down by more than 2% in Kenya, Indonesia, Grenada, Kyrgyzstan, and the Czech Republic. The largest weekly petrol price change was observed in Indonesia where the the retail fuel prices were adjusted downwards in a delayed reaction to the crude oil price decline in December 2018.
The European average gasoline price was 1.32 USD per liter marking a 0.6% increase compared with the previous week. Gasoline prices also went up by 0.1% in Asia, by 0.2% in South America, by 1.5% in the USA, and by 0.6% in Canada. In Africa and Australia, gasoline prices decreased by 0.1% and 0.8% respectively.
Looking at individual countries, the gasoline price changes varied from -5.8% (Indonesia) to 3.4% (Sri Lanka). There was a decrease in 20 of the 112 reviewed countries, no change in 50 countries, and an increase in 42 countries. Gasoline prices became around 3% more expensive in Sri Lanka, Denmark, Sweden, and Lithuania. Gasoline went down by more than 2% in Kenya, Indonesia, Grenada, Kyrgyzstan, and the Czech Republic. The largest weekly petrol price change was observed in Indonesia where the the retail fuel prices were adjusted downwards in a delayed reaction to the crude oil price decline in December 2018.
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
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| Algeria | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Andorra | 0.1% | -7.7% | 1.0% | -6.6% | ||||
| Argentina | 0.0% | -1.3% | -1.7% | 0.2% | ||||
| Aruba | 0.5% | -12.5% | 3.1% | -10.5% | ||||
| Australia | -0.8% | -15.4% | 0.1% | -12.6% | ||||
| Austria | 0.9% | -11.4% | 0.8% | -9.4% | ||||
| Barbados | -1.1% | -9.0% | -3.7% | -9.7% | ||||
| Belarus | 0.0% | 2.7% | 0.0% | 2.7% | ||||
| Belgium | 1.4% | -4.6% | -0.0% | -6.0% | ||||
| Bolivia | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Brazil | -0.6% | -10.4% | -0.1% | -6.6% | ||||
| Bulgaria | 1.1% | -16.4% | 0.9% | -9.6% | ||||
| Burma (Myanmar) | 1.9% | -22.2% | 1.7% | -15.9% | ||||
| Cambodia | 1.2% | -15.8% | 1.1% | -15.8% | ||||
| Cameroon | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Canada | 0.6% | -11.7% | 0.0% | -12.3% | ||||
| Cape Verde | 0.0% | -17.0% | 0.0% | -15.1% | ||||
| Cayman Islands | 0.0% | -5.0% | 0.0% | -2.8% | ||||
| Chile | -0.7% | -8.6% | -1.0% | -12.0% | ||||
| China | 0.3% | -12.2% | 0.2% | -13.3% | ||||
| Colombia | 0.0% | -0.3% | 0.0% | 0.6% | ||||
| Costa Rica | 0.0% | -16.0% | 0.0% | -12.2% | ||||
| Croatia | 1.7% | -2.8% | 1.3% | -3.7% | ||||
| Cyprus | 0.4% | -14.4% | 0.7% | -12.6% | ||||
| Czech Republic | -2.0% | -9.6% | 1.4% | -8.4% | ||||
| Denmark | 3.4% | -1.1% | 2.7% | -3.9% | ||||
| Dominican Republic | 0.0% | -6.7% | 0.0% | -10.5% | ||||
| Egypt | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| El Salvador | 0.0% | -15.2% | 0.0% | -14.1% | ||||
| Estonia | 0.5% | -7.8% | 0.5% | -5.4% | ||||
| Fiji | 0.0% | -6.7% | 0.0% | -4.1% | ||||
| Finland | 0.2% | -7.9% | 0.7% | -7.4% | ||||
| France | 1.4% | -1.7% | 1.4% | -2.7% | ||||
| Georgia | -0.9% | -5.5% | -0.6% | -4.2% | ||||
| Germany | 0.5% | -10.2% | 0.6% | -4.4% | ||||
| Ghana | -0.2% | -6.7% | -0.2% | -8.0% | ||||
| Greece | 0.6% | -6.1% | 0.7% | -6.5% | ||||
| Grenada | -4.4% | -11.6% | -3.6% | -7.2% | ||||
| Guatemala | -0.1% | -11.7% | 0.1% | -11.3% | ||||
| Honduras | 0.0% | -10.2% | 0.0% | -10.6% | ||||
| Hong Kong | 1.2% | 0.3% | 1.8% | 1.1% | ||||
| Hungary | 1.1% | -8.0% | 1.0% | -8.6% | ||||
| Iceland | 0.9% | -2.7% | 0.9% | -2.8% | ||||
| India | 0.8% | -8.3% | 0.7% | -8.6% | ||||
| Indonesia | -5.8% | -7.6% | -0.4% | -2.5% | ||||
| Ireland | 0.0% | -10.7% | 0.0% | -7.1% | ||||
| Israel | 0.0% | -8.5% | 0.0% | -9.2% | ||||
| Italy | 0.6% | -8.5% | 0.4% | -7.1% | ||||
| Ivory Coast | 0.0% | -5.5% | 0.0% | -1.6% | ||||
| Jamaica | 0.0% | -10.2% | 1.6% | -6.8% | ||||
| Japan | -0.1% | -10.1% | 0.2% | -9.5% | ||||
| Jordan | 0.0% | -14.6% | 0.0% | -10.4% | ||||
| Kenya | -5.3% | -14.6% | -7.5% | -13.7% | ||||
| Kuwait | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Kyrgyzstan | -2.2% | -5.3% | 0.0% | -4.2% | ||||
| Laos | 0.0% | -9.0% | 0.0% | -8.7% | ||||
| Latvia | 0.0% | -10.4% | 0.1% | -9.3% | ||||
| Lebanon | 0.4% | -17.6% | 1.2% | -18.0% | ||||
| Lithuania | 2.7% | -8.3% | 2.7% | -9.0% | ||||
| Luxembourg | 0.0% | -6.6% | 1.3% | -7.1% | ||||
| Macedonia | 0.8% | -12.6% | 0.0% | -11.1% | ||||
| Malawi | 0.0% | -6.9% | 0.0% | -6.6% | ||||
| Malaysia | 0.5% | -10.0% | 0.0% | 0.0% | ||||
| Malta | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Mauritius | 0.0% | -5.3% | 0.0% | -5.0% | ||||
| Mayotte | 0.0% | -7.0% | 0.0% | -8.8% | ||||
| Mexico | 0.4% | -3.6% | 1.0% | -1.7% | ||||
| Moldova | 6.5% | -0.1% | 3.1% | 0.0% | ||||
| Montenegro | 0.0% | -7.5% | 0.0% | -9.2% | ||||
| Namibia | 0.0% | -13.6% | 0.0% | -9.6% | ||||
| Nepal | 0.0% | -3.5% | 0.0% | -4.0% | ||||
| Netherlands | 0.5% | -3.9% | 0.6% | -5.3% | ||||
| New Zealand | 0.5% | -7.1% | -2.4% | -10.9% | ||||
| Nicaragua | 0.0% | -16.2% | 0.0% | -13.3% | ||||
| Norway | 1.1% | -2.8% | 1.2% | -2.8% | ||||
| Oman | 0.0% | -6.7% | 0.0% | -2.1% | ||||
| Pakistan | 0.0% | -7.6% | 0.0% | -5.5% | ||||
| Panama | 1.4% | -10.0% | 3.5% | -10.9% | ||||
| Peru | -0.4% | -5.6% | 0.0% | 0.7% | ||||
| Philippines | 2.4% | -10.0% | 1.4% | -9.5% | ||||
| Poland | -0.4% | -6.5% | 0.0% | -4.9% | ||||
| Portugal | 0.8% | -6.9% | 0.7% | -3.1% | ||||
| Qatar | 0.0% | -26.2% | 0.0% | -17.1% | ||||
| Romania | 0.5% | -4.8% | 1.0% | -3.4% | ||||
| Russia | -0.2% | -0.0% | 0.0% | 2.9% | ||||
| Rwanda | 0.0% | -10.5% | 0.0% | -9.5% | ||||
| Saint Lucia | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Serbia | 0.0% | -8.1% | 0.3% | -5.9% | ||||
| Sierra Leone | 0.0% | -12.5% | 0.0% | -6.3% | ||||
| Singapore | 0.5% | -4.8% | 6.4% | -0.6% | ||||
| Slovakia | 0.1% | -11.1% | 0.8% | -8.7% | ||||
| Slovenia | 0.0% | -8.5% | 0.0% | -8.8% | ||||
| South Africa | 0.0% | -17.9% | 0.0% | -16.4% | ||||
| South Korea | -0.0% | -15.0% | 0.0% | -12.6% | ||||
| Spain | 1.0% | -4.8% | 1.3% | -3.7% | ||||
| Sri Lanka | 3.4% | -10.1% | 4.0% | -11.2% | ||||
| Suriname | 0.0% | -0.1% | 0.0% | -1.5% | ||||
| Sweden | 3.0% | 1.9% | -3.8% | -6.9% | ||||
| Switzerland | -0.6% | -10.2% | 0.0% | -7.3% | ||||
| Taiwan | -0.4% | -7.5% | 1.6% | -5.5% | ||||
| Tanzania | 0.0% | -11.5% | 0.0% | -12.8% | ||||
| Thailand | 1.2% | -4.6% | 3.1% | -9.1% | ||||
| Tunisia | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Turkey | 0.0% | -8.0% | -0.0% | -4.9% | ||||
| Uganda | 0.0% | 0.0% | 0.0% | 1.3% | ||||
| Ukraine | -0.0% | -12.8% | -0.1% | -12.5% | ||||
| United Arab Emirates | 0.0% | -25.2% | 0.0% | -20.6% | ||||
| United Kingdom | -0.1% | -7.6% | 0.0% | -5.8% | ||||
| Uruguay | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| USA | 1.5% | -12.5% | 0.7% | -9.7% | ||||
| Vietnam | 0.0% | -16.4% | 0.0% | -19.7% | ||||
| Zambia | 0.0% | 0.0% | 0.0% | 0.0% | ||||
