Weekly global fuel price review (December 4, 2018)

During the past week, crude oil prices marked an eighth consecutive weekly decline. As a result, the world average prices of gasoline and diesel also went down to levels of 1.06 USD and 1.02 USD per liter respectively.

The European average gasoline price was 1.53 USD per liter marking 1.3% weekly decrease. Gasoline prices also went down by 1.9% in Africa and by 1.4% in South America. In Australia, Asia, Canada, and the USA, gasoline prices decreased by more than 2%.

Looking at individual countries, the gasoline price changes varied from -12.6% (United Arab Emirates) to 1.6% (Denmark). There was a decrease in 71 of the 111 reviewed countries, no change in 36 countries, and an increase in only 5 countries: Denmark, Germany, Ireland, Indonesia, and Sweden. Gasoline went down by more than 10% in the UAE, Qatar, Cape Verde, and South Africa. The largest weekly fuel price change was observed in the United Arab Emirates where the local Fuel Price Committee announced a significant price reduction for December.


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 -3.5% -8.3% -2.2% -1.8%
Argentina -1.3% 27.3% 0.9% 29.4%
Aruba 0.0% -1.2% 0.0% 5.2%
Australia -2.7% -7.6% -2.5% 2.2%
Austria -2.1% -1.2% -2.1% 4.0%
Barbados -5.1% -4.4% -0.9% 0.6%
Belarus 0.0% 8.6% 0.0% 8.6%
Belgium -1.3% -9.4% -1.9% -0.1%
Bolivia 0.0% 0.0% 0.0% 0.0%
Brazil -1.1% 1.7% -0.3% 8.0%
Bulgaria -3.5% -7.0% -1.3% 1.8%
Cambodia -1.4% -6.7% -1.9% -1.9%
Cameroon 0.0% 0.0% 0.0% 0.0%
Canada -2.4% -16.5% -2.3% -0.6%
Cape Verde -11.6% -10.1% -8.2% -0.8%
Cayman Islands 0.0% 0.2% 0.0% 2.5%
Chile -0.7% 1.5% -0.9% 7.7%
China -5.9% -3.8% -6.5% -3.8%
Colombia 0.0% 2.8% -0.0% 3.6%
Costa Rica -8.2% -5.9% -2.0% 5.8%
Croatia -1.2% -14.7% -2.7% -5.8%
Cyprus -1.9% -5.7% -2.1% 0.2%
Czech Republic -1.1% -1.3% -0.7% 2.7%
Denmark 1.6% -9.0% 2.7% -1.6%
Dominican Republic -1.4% -10.2% -3.2% -4.3%
Egypt 0.0% 0.0% 0.0% 0.0%
El Salvador -5.3% -13.4% -5.9% -3.5%
Estonia -3.1% -5.9% -2.5% 1.2%
Fiji 0.0% 2.8% 0.0% 3.7%
Finland -1.2% -5.0% -1.3% 5.9%
France -1.0% -7.0% -1.6% -1.6%
Georgia -0.6% 4.0% -0.6% 7.1%
Germany 1.5% 0.9% 5.8% 8.0%
Ghana -1.5% 2.5% -1.4% 5.6%
Greece -2.0% -7.2% -2.2% -1.7%
Grenada 0.0% -0.4% 0.0% 4.0%
Guatemala -3.3% -11.4% -3.0% 0.5%
Honduras -1.9% -7.4% -2.2% -0.8%
Hong Kong -0.6% -4.7% 0.0% -2.2%
Hungary -3.7% -10.9% -3.8% -1.0%
Iceland -1.0% -3.2% -1.3% 1.8%
India -3.3% -8.3% -3.8% -4.7%
Indonesia 0.4% 7.3% 0.2% 9.6%
Ireland 0.7% 1.4% 0.7% 4.5%
Israel -7.0% -8.3% -7.6% -8.9%
Italy -0.6% -1.2% -0.5% 2.1%
Ivory Coast 0.0% 4.9% 0.0% 0.8%
Jamaica -2.3% -7.9% -2.5% -2.2%
Japan -1.7% -0.5% -1.9% 0.6%
Jordan -9.0% -9.0% -3.2% -3.2%
Kenya 0.0% 1.9% 0.0% 7.5%
Kuwait 0.0% 0.0% 0.0% 0.0%
Kyrgyzstan 0.0% 2.2% 0.0% 6.0%
Laos 0.0% 4.7% 0.0% 5.9%
Latvia 0.0% -1.7% 0.0% 4.1%
Lebanon -3.5% -11.4% -3.4% 0.5%
Lithuania -3.5% -5.5% -3.5% 2.9%
Luxembourg -1.5% -11.0% -1.8% -1.8%
Macedonia 0.0% -11.3% 0.0% -3.2%
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 -5.1% -3.9% -5.1% 0.8%
Mexico -0.1% 1.6% -0.0% 0.2%
Moldova 0.0% 0.0% 0.0% 0.0%
Montenegro -3.8% -7.2% -3.8% 0.0%
Morocco -5.2% -5.2% -5.7% -5.7%
Nepal -1.8% 0.9% -2.0% 4.2%
Netherlands -1.0% -7.3% -1.1% -0.1%
New Zealand -2.1% -9.1% -4.5% -8.4%
Nicaragua -2.7% -6.3% -2.3% 3.2%
Norway -0.6% -6.4% -1.3% -0.2%
Oman -0.4% -0.9% 3.3% 2.4%
Pakistan -2.0% 0.6% -1.8% -1.8%
Panama -4.8% -11.4% -5.3% -1.9%
Peru 0.0% 1.6% 1.9% 7.7%
Philippines -2.1% -5.6% -5.4% -8.6%
Poland -1.0% -1.8% 0.0% 5.6%
Portugal -2.2% -9.2% -2.4% -2.4%
Qatar -11.9% -9.8% -2.4% -2.4%
Romania 0.0% -6.4% 0.0% -0.5%
Russia 0.0% 0.9% 0.0% 4.8%
Rwanda 0.0% 2.1% 0.0% 5.0%
Saint Lucia 0.0% 0.0% 0.0% 0.0%
Serbia 0.0% -0.7% 0.0% 2.5%
Sierra Leone 0.0% 0.0% 0.0% 0.0%
Singapore 0.0% -3.8% 0.0% -1.6%
Slovakia 0.0% -5.6% 0.0% 2.8%
Slovenia 0.0% -5.8% 0.0% 3.6%
South Africa 0.0% 6.7% 0.0% 11.0%
South Korea 0.0% -6.1% 0.0% -2.3%
Spain -2.0% -7.3% -2.1% -3.7%
Sri Lanka -3.0% 1.3% -4.5% -10.2%
Suriname 0.0% -1.1% 0.0% 3.4%
Sweden 0.1% -12.5% -1.4% -5.4%
Switzerland -1.4% -3.6% -1.2% 2.0%
Taiwan 0.0% -7.4% 0.0% -9.4%
Tanzania 0.0% 0.5% 0.0% 4.1%
Thailand 0.0% -4.8% 0.0% -6.1%
Tunisia 0.0% 3.1% 0.0% 3.6%
Turkey 0.0% -10.7% 0.0% -3.7%
Uganda 0.0% 2.5% 0.0% 1.3%
Ukraine 0.0% 7.3% 0.0% 15.0%
United Arab Emirates 0.0% 0.0% 0.0% 9.1%
United Kingdom -1.7% -4.8% -1.3% 0.3%
Uruguay 0.0% 0.0% 0.0% 0.0%
USA -3.4% -11.1% -1.7% 0.1%
Vietnam 0.0% -5.7% 0.0% -0.3%
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 1.10 -3.5% -8.3%
Argentina 40.61 -1.3% 27.3%
Aruba 2.15 0.0% -1.2%
Australia 1.34 -2.7% -7.6%
Austria 1.28 -2.1% -1.2%
Barbados 3.71 -5.1% -4.4%
Belarus 1.52 0.0% 8.6%
Belgium 1.33 -1.3% -9.4%
Bolivia 3.74 0.0% 0.0%
Brazil 4.51 -1.1% 1.7%
Bulgaria 2.07 -3.5% -7.0%
Cambodia 3950.00 -1.4% -6.7%
Cameroon 630.00 0.0% 0.0%
Canada 1.24 -2.4% -16.5%
Cape Verde 117.20 -11.6% -10.1%
Cayman Islands 1.08 0.0% 0.2%
Chile 866.60 -0.7% 1.5%
China 7.28 -5.9% -3.8%
Colombia 2412.68 0.0% 2.8%
Costa Rica 637.00 -8.2% -5.9%
Croatia 8.95 -1.2% -14.7%
Cyprus 1.25 -1.9% -5.7%
Czech Republic 32.90 -1.1% -1.3%
Denmark 11.16 1.6% -9.0%
Dominican Republic 57.27 -1.4% -10.2%
Egypt 7.75 0.0% 0.0%
El Salvador 0.85 -5.3% -13.4%
Estonia 1.26 -3.1% -5.9%
Fiji 2.24 0.0% 2.8%
Finland 1.48 -1.2% -5.0%
France 1.45 -1.0% -7.0%
Georgia 2.51 -0.6% 4.0%
Germany 1.49 1.5% 0.9%
Ghana 5.12 -1.5% 2.5%
Greece 1.54 -2.0% -7.2%
Grenada 3.50 0.0% -0.4%
Guatemala 6.49 -3.3% -11.4%
Honduras 24.39 -1.9% -7.4%
Hong Kong 16.19 -0.6% -4.7%
Hungary 356.40 -3.7% -10.9%
Iceland 221.40 -1.0% -3.2%
India 74.51 -3.3% -8.3%
Indonesia 10712.50 0.4% 7.3%
Ireland 1.48 0.7% 1.4%
Israel 6.22 -7.0% -8.3%
Italy 1.61 -0.6% -1.2%
Ivory Coast 640.00 0.0% 4.9%
Jamaica 155.51 -2.3% -7.9%
Japan 147.80 -1.7% -0.5%
Jordan 0.97 -9.0% -9.0%
Kenya 118.26 0.0% 1.9%
Kuwait 0.11 0.0% 0.0%
Kyrgyzstan 47.00 0.0% 2.2%
Laos 10890.00 0.0% 4.7%
Latvia 1.27 0.0% -1.7%
Lebanon 1240.00 -3.5% -11.4%
Lithuania 1.10 -3.5% -5.5%
Luxembourg 1.14 -1.5% -11.0%
Macedonia 63.00 0.0% -11.3%
Malawi 990.30 0.0% 11.5%
Malaysia 2.20 0.0% 0.0%
Malta 1.36 0.0% 0.0%
Mauritius 49.65 0.0% 0.0%
Mayotte 1.49 -5.1% -3.9%
Mexico 20.84 -0.1% 1.6%
Moldova 18.90 0.0% 0.0%
Montenegro 1.28 -3.8% -7.2%
Morocco 10.86 -5.2% -5.2%
Nepal 112.00 -1.8% 0.9%
Netherlands 1.56 -1.0% -7.3%
New Zealand 2.17 -2.1% -9.1%
Nicaragua 31.62 -2.7% -6.3%
Norway 15.91 -0.6% -6.4%
Oman 0.22 -0.4% -0.9%
Pakistan 95.83 -2.0% 0.6%
Panama 0.78 -4.8% -11.4%
Peru 3.70 0.0% 1.6%
Philippines 51.80 -2.1% -5.6%
Poland 4.99 -1.0% -1.8%
Portugal 1.45 -2.2% -9.2%
Qatar 1.85 -11.9% -9.8%
Romania 5.27 0.0% -6.4%
Russia 45.50 0.0% 0.9%
Rwanda 1132.00 0.0% 2.1%
Saint Lucia 3.07 0.0% 0.0%
Serbia 152.20 0.0% -0.7%
Sierra Leone 8000.00 0.0% 0.0%
Singapore 2.14 0.0% -3.8%
Slovakia 1.33 0.0% -5.6%
Slovenia 1.27 0.0% -5.8%
South Africa 16.79 0.0% 6.7%
South Korea 1521.65 0.0% -6.1%
Spain 1.23 -2.0% -7.3%
Sri Lanka 159.00 -3.0% 1.3%
Suriname 6.89 0.0% -1.1%
Sweden 14.37 0.1% -12.5%
Switzerland 1.59 -1.4% -3.6%
Taiwan 28.30 0.0% -7.4%
Tanzania 2396.00 0.0% 0.5%
Thailand 35.74 0.0% -4.8%
Tunisia 1.99 0.0% 3.1%
Turkey 6.17 0.0% -10.7%
Uganda 4150.00 0.0% 2.5%
Ukraine 31.78 0.0% 7.3%
United Arab Emirates 2.46 0.0% 0.0%
United Kingdom 1.24 -1.7% -4.8%
Uruguay 54.95 0.0% 0.0%
USA 0.74 -3.4% -11.1%
Vietnam 20242.50 0.0% -5.7%
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 1.04 -2.2% -1.8%
Argentina 36.15 0.9% 29.4%
Aruba 1.94 0.0% 5.2%
Australia 1.56 -2.5% 2.2%
Austria 1.28 -2.1% 4.0%
Barbados 3.17 -0.9% 0.6%
Belarus 1.52 0.0% 8.6%
Belgium 1.47 -1.9% -0.1%
Bolivia 3.72 0.0% 0.0%
Brazil 3.64 -0.3% 8.0%
Bulgaria 2.27 -1.3% 1.8%
Cambodia 3657.14 -1.9% -1.9%
Cameroon 575.00 0.0% 0.0%
Canada 1.28 -2.3% -0.6%
Cape Verde 104.90 -8.2% -0.8%
Cayman Islands 1.01 0.0% 2.5%
Chile 664.40 -0.9% 7.7%
China 6.50 -6.5% -3.8%
Colombia 2253.39 -0.0% 3.6%
Costa Rica 587.00 -2.0% 5.8%
Croatia 9.40 -2.7% -5.8%
Cyprus 1.33 -2.1% 0.2%
Czech Republic 33.34 -0.7% 2.7%
Denmark 10.57 2.7% -1.6%
Dominican Republic 47.66 -3.2% -4.3%
Egypt 5.50 0.0% 0.0%
El Salvador 0.82 -5.9% -3.5%
Estonia 1.32 -2.5% 1.2%
Fiji 1.97 0.0% 3.7%
Finland 1.46 -1.3% 5.9%
France 1.44 -1.6% -1.6%
Georgia 2.57 -0.6% 7.1%
Germany 1.39 5.8% 8.0%
Ghana 5.28 -1.4% 5.6%
Greece 1.40 -2.2% -1.7%
Grenada 3.43 0.0% 4.0%
Guatemala 6.01 -3.0% 0.5%
Honduras 22.04 -2.2% -0.8%
Hong Kong 13.60 0.0% -2.2%
Hungary 400.70 -3.8% -1.0%
Iceland 223.10 -1.3% 1.8%
India 68.80 -3.8% -4.7%
Indonesia 12200.00 0.2% 9.6%
Ireland 1.40 0.7% 4.5%
Israel 5.72 -7.6% -8.9%
Italy 1.54 -0.5% 2.1%
Ivory Coast 615.00 0.0% 0.8%
Jamaica 160.78 -2.5% -2.2%
Japan 127.20 -1.9% 0.6%
Jordan 0.61 -3.2% -3.2%
Kenya 113.11 0.0% 7.5%
Kuwait 0.12 0.0% 0.0%
Kyrgyzstan 47.50 0.0% 6.0%
Laos 8790.00 0.0% 5.9%
Latvia 1.25 0.0% 4.1%
Lebanon 980.00 -3.4% 0.5%
Lithuania 1.10 -3.5% 2.9%
Luxembourg 1.10 -1.8% -1.8%
Macedonia 61.00 0.0% -3.2%
Malawi 990.40 0.0% 11.2%
Malaysia 2.18 0.0% 0.0%
Malta 1.23 0.0% 0.0%
Mauritius 40.00 0.0% 0.0%
Mayotte 1.30 -5.1% 0.8%
Mexico 20.03 -0.0% 0.2%
Moldova 16.77 0.0% 0.0%
Montenegro 1.26 -3.8% 0.0%
Morocco 9.43 -5.7% -5.7%
Nepal 99.00 -2.0% 4.2%
Netherlands 1.36 -1.1% -0.1%
New Zealand 1.52 -4.5% -8.4%
Nicaragua 29.87 -2.3% 3.2%
Norway 15.67 -1.3% -0.2%
Oman 0.25 3.3% 2.4%
Pakistan 110.94 -1.8% -1.8%
Panama 0.76 -5.3% -1.9%
Peru 3.40 1.9% 7.7%
Philippines 40.35 -5.4% -8.6%
Poland 5.27 0.0% 5.6%
Portugal 1.33 -2.4% -2.4%
Qatar 2.00 -2.4% -2.4%
Romania 5.71 0.0% -0.5%
Russia 46.02 0.0% 4.8%
Rwanda 1148.00 0.0% 5.0%
Saint Lucia 3.07 0.0% 0.0%
Serbia 166.90 0.0% 2.5%
Sierra Leone 8000.00 0.0% 0.0%
Singapore 1.69 0.0% -1.6%
Slovakia 1.29 0.0% 2.8%
Slovenia 1.34 0.0% 3.6%
South Africa 17.81 0.0% 11.0%
South Korea 1388.33 0.0% -2.3%
Spain 1.18 -2.1% -3.7%
Sri Lanka 106.00 -4.5% -10.2%
Suriname 6.77 0.0% 3.4%
Sweden 15.39 -1.4% -5.4%
Switzerland 1.79 -1.2% 2.0%
Taiwan 24.60 0.0% -9.4%
Tanzania 2385.00 0.0% 4.1%
Thailand 27.79 0.0% -6.1%
Tunisia 1.75 0.0% 3.6%
Turkey 6.05 0.0% -3.7%
Uganda 3800.00 0.0% 1.3%
Ukraine 31.54 0.0% 15.0%
United Arab Emirates 2.87 0.0% 9.1%
United Kingdom 1.33 -1.3% 0.3%
Uruguay 40.40 0.0% 0.0%
USA 0.83 -1.7% 0.1%
Vietnam 17805.00 0.0% -0.3%
Zambia 14.65 0.0% 22.0%
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