Weekly global fuel price review (July 17, 2018)

During the past week, we observed another steep decrease of the crude oil prices with Brent oil going down to 75 USD per barrel. As a result, the world average price of gasoline decreased to a level of 1.14 USD per liter while the world average diesel price remained stable at a level of 1.05 USD per liter.

The European average gasoline price was 1.52 USD per liter marking no change compared to its previous week's level. Gasoline prices went up by 2% in Africa, by 0.2% in Asia, and by 0.4% in South America and the USA. In Canada and Australia, gasoline prices decreased by 0.9% and 0.7% respectively.

Looking at individual countries, the gasoline price changes varied from –5.4% (Mexico) to 33.3% (Sierra Leone). There was an increase in 30 of the 111 reviewed countries, no change in 62 countries, and a decrease in 20 countries. Gasoline went down the most in Panama, Mexico, Thailand, and Estonia. Gasoline prices increased by more than 3% in Kenya, Sierra Leone, Fiji, and Sri Lanka. The largest weekly fuel price change was observed in Sierra Leone where the government increased the retail fuel prices by more than 30% due to a revision of the petroleum products pricing policy.


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
Current price
local currency
Change
one week
Change
three months
Current price
local currency
Change
one week
Change
three months
Algeria 41.97 0.0% 0.0% 23.06 0.0% 0.0%
Andorra 1.20 0.1% 6.1% 1.05 0.0% 6.3%
Argentina 29.43 0.9% 9.4% 25.38 1.7% 8.5%
Aruba 2.03 0.0% 4.8% 1.72 0.0% 4.2%
Australia 1.45 -0.7% 4.0% 1.54 -0.1% 9.7%
Austria 1.29 -0.4% 6.8% 1.23 -0.8% 6.8%
Barbados 3.96 0.0% 15.1% 3.21 0.0% 23.5%
Belarus 1.37 0.0% 2.2% 1.37 0.0% 0.0%
Belgium 1.46 0.0% 2.2% 1.47 -0.3% 7.4%
Bolivia 3.74 0.0% 0.0% 3.72 0.0% 0.0%
Brazil 4.49 -0.0% 6.6% 3.39 0.1% -0.2%
Bulgaria 2.22 -0.0% 8.9% 2.21 0.0% 9.3%
Burma (Myanmar) 875.00 0.0% 6.7% 860.00 0.0% 6.2%
Cambodia 4178.57 0.3% 1.2% 3621.43 0.0% 0.8%
Cameroon 630.00 0.0% 0.0% 575.00 0.0% 0.0%
Canada 1.51 -0.9% 4.1% 1.31 -0.7% 3.6%
Cape Verde 130.50 0.0% 9.6% 106.40 0.0% 11.9%
Cayman Islands 1.08 0.0% 6.5% 0.99 0.0% 5.7%
Chile 846.00 0.7% 6.7% 612.40 1.0% 13.3%
China 7.57 0.0% 3.6% 6.76 0.0% 3.8%
Colombia 2346.38 0.0% 3.0% 2175.72 0.0% 3.0%
Costa Rica 677.00 0.0% 5.5% 556.00 0.0% 4.7%
Croatia 10.44 -0.4% 5.0% 9.89 -0.2% 7.0%
Cyprus 1.33 0.9% 7.7% 1.33 0.5% 7.1%
Czech Republic 33.37 -0.0% 8.4% 32.56 0.1% 9.2%
Denmark 12.06 0.0% 6.1% 10.37 -2.8% 6.2%
Dominican Republic 63.75 -0.4% 2.1% 49.27 -0.5% 2.8%
Egypt 7.75 0.0% 17.4% 5.50 0.0% 50.7%
El Salvador 0.99 -0.1% 4.1% 0.85 0.4% 7.4%
Estonia 1.32 -1.4% 1.1% 1.27 -0.8% 1.0%
Fiji 2.18 5.8% 7.4% 1.90 8.0% 11.1%
Finland 1.53 -1.1% 5.1% 1.38 -0.8% 4.9%
France 1.54 -0.1% 3.6% 1.46 0.1% 4.1%
Georgia 2.41 0.2% 7.9% 2.38 -0.5% 6.0%
Germany 1.44 -0.8% 4.8% 1.28 0.6% 6.9%
Ghana 4.94 0.0% 8.0% 5.02 0.0% 10.2%
Greece 1.66 0.2% 5.7% 1.43 0.2% 7.0%
Grenada 3.55 0.0% 7.3% 3.33 0.0% 7.7%
Guatemala 7.37 0.0% 4.0% 6.09 0.1% 7.2%
Honduras 26.28 0.1% 4.1% 22.28 0.1% 7.7%
Hong Kong 16.64 0.0% 2.8% 13.65 0.0% 3.8%
Hungary 400.70 -0.7% 8.7% 407.60 -0.5% 10.0%
Iceland 226.80 0.0% 7.6% 218.20 0.0% 7.4%
India 80.08 0.6% 3.6% 71.11 0.6% 5.3%
Indonesia 9850.00 0.0% 6.3% 10966.70 0.0% 5.8%
Ireland 1.47 0.7% 6.5% 1.34 -0.7% 3.9%
Israel 6.70 0.0% 2.3% 6.20 0.0% 2.5%
Italy 1.63 0.1% 5.1% 1.51 0.0% 5.7%
Ivory Coast 610.00 0.0% 1.7% 610.00 0.0% 1.7%
Jamaica 167.83 0.6% 9.5% 161.89 0.2% 11.9%
Japan 149.30 0.3% 6.6% 127.20 0.2% 7.8%
Jordan 1.05 0.0% 4.5% 0.61 0.0% 7.0%
Kenya 114.18 3.0% 4.3% 105.35 -0.3% 5.4%
Kuwait 0.11 0.0% 0.0% 0.12 0.0% 0.0%
Kyrgyzstan 47.00 0.0% 5.6% 45.00 0.0% 5.9%
Laos 10400.00 0.0% 2.9% 8300.00 0.0% 3.8%
Latvia 1.30 1.8% 6.0% 1.19 1.8% 4.2%
Lebanon 1400.00 0.0% 7.3% 980.00 0.0% 10.1%
Lithuania 1.06 1.1% -1.7% 1.02 0.4% 0.6%
Luxembourg 1.26 -1.0% 5.6% 1.13 0.0% 8.0%
Macedonia 72.00 0.0% 6.7% 64.00 0.0% 8.5%
Malawi 824.70 0.0% 0.0% 815.80 0.0% 0.0%
Malaysia 2.20 0.0% 0.0% 2.18 0.0% 0.0%
Malta 1.31 0.0% 0.0% 1.18 0.0% 0.0%
Mauritius 49.65 0.0% 5.0% 40.00 0.0% 5.0%
Mayotte 1.55 0.0% 6.9% 1.29 0.0% 6.6%
Mexico 19.40 -5.4% -2.0% 19.58 -0.2% 4.2%
Moldova 19.00 0.0% 2.9% 16.92 0.0% 4.4%
Montenegro 1.41 0.0% 11.0% 1.30 0.0% 8.3%
Morocco 11.46 0.0% 6.9% 9.99 0.0% 4.2%
Nepal 110.00 0.0% 4.8% 93.00 0.0% 9.4%
Netherlands 1.67 -0.1% 5.3% 1.37 0.4% 6.0%
New Zealand 2.31 0.5% 7.4% 1.56 -0.1% 10.4%
Nicaragua 33.75 0.0% 2.7% 28.95 0.0% 4.5%
Norway 16.62 -0.3% 4.2% 15.46 -0.3% 4.6%
Oman 0.23 0.0% 4.2% 0.25 0.0% 2.9%
Pakistan 99.50 0.0% 15.7% 119.31 0.0% 23.7%
Panama 0.88 -2.1% 10.3% 0.77 -1.7% 10.1%
Peru 3.60 1.1% 5.0% 3.16 0.0% 8.7%
Philippines 54.60 0.7% 2.7% 44.85 0.8% 7.3%
Poland 5.09 1.0% 8.5% 5.04 1.0% 9.8%
Portugal 1.58 0.1% 4.8% 1.36 0.1% 5.7%
Qatar 2.05 0.0% 7.9% 2.05 0.0% 10.8%
Romania 5.65 -1.3% 5.6% 5.77 -0.6% 5.8%
Russia 45.29 -0.2% 9.7% 44.02 0.0% 10.6%
Rwanda 1109.00 0.0% 5.1% 1093.00 0.0% 5.4%
Saint Lucia 3.07 0.0% 9.6% 3.07 0.0% 9.6%
Serbia 152.70 0.0% 5.7% 162.90 0.3% 6.5%
Sierra Leone 8000.00 33.3% 33.3% 8000.00 33.3% 33.3%
Singapore 2.18 0.0% 2.7% 1.64 0.0% 2.9%
Slovakia 1.41 1.3% 5.8% 1.27 -0.1% 6.6%
Slovenia 1.34 0.0% 2.4% 1.28 0.0% 2.2%
South Africa 15.73 0.0% 10.9% 16.08 0.0% 11.8%
South Korea 1611.55 0.1% 4.0% 1412.51 0.2% 4.8%
Spain 1.32 -0.2% 3.4% 1.22 -0.2% 3.0%
Sri Lanka 155.00 4.7% 21.1% 118.00 8.3% 24.2%
Suriname 6.96 0.0% 8.3% 6.56 -1.6% 10.5%
Sweden 15.94 0.4% 6.0% 15.85 0.6% 5.9%
Switzerland 1.64 0.7% 5.7% 1.73 0.8% 5.8%
Taiwan 30.56 0.0% 8.4% 27.15 0.0% 10.6%
Tanzania 2409.00 0.0% 4.1% 2329.00 0.0% 5.6%
Thailand 36.42 -1.4% 3.4% 28.64 -1.5% 4.9%
Tunisia 1.93 0.0% 4.1% 1.69 0.0% 4.7%
Turkey 6.27 0.0% 5.3% 5.71 0.0% 7.3%
Uganda 4000.00 0.0% 1.3% 3650.00 4.3% 9.0%
Ukraine 29.18 0.0% 0.4% 27.01 0.0% 0.8%
United Arab Emirates 2.45 0.0% 10.4% 2.66 0.0% 10.8%
United Kingdom 1.29 0.3% 6.8% 1.32 0.2% 7.0%
Uruguay 54.95 0.0% 9.0% 40.40 0.0% 0.0%
USA 0.84 0.4% 7.6% 0.84 0.0% 6.5%
Vietnam 21480.00 0.0% 3.2% 17620.00 0.0% 6.7%
Zambia 13.75 0.0% 0.0% 12.01 0.0% 0.0%




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 1.20 0.1% 6.1%
Argentina 29.43 0.9% 9.4%
Aruba 2.03 0.0% 4.8%
Australia 1.45 -0.7% 4.0%
Austria 1.29 -0.4% 6.8%
Barbados 3.96 0.0% 15.1%
Belarus 1.37 0.0% 2.2%
Belgium 1.46 0.0% 2.2%
Bolivia 3.74 0.0% 0.0%
Brazil 4.49 -0.0% 6.6%
Bulgaria 2.22 -0.0% 8.9%
Burma (Myanmar) 875.00 0.0% 6.7%
Cambodia 4178.57 0.3% 1.2%
Cameroon 630.00 0.0% 0.0%
Canada 1.51 -0.9% 4.1%
Cape Verde 130.50 0.0% 9.6%
Cayman Islands 1.08 0.0% 6.5%
Chile 846.00 0.7% 6.7%
China 7.57 0.0% 3.6%
Colombia 2346.38 0.0% 3.0%
Costa Rica 677.00 0.0% 5.5%
Croatia 10.44 -0.4% 5.0%
Cyprus 1.33 0.9% 7.7%
Czech Republic 33.37 -0.0% 8.4%
Denmark 12.06 0.0% 6.1%
Dominican Republic 63.75 -0.4% 2.1%
Egypt 7.75 0.0% 17.4%
El Salvador 0.99 -0.1% 4.1%
Estonia 1.32 -1.4% 1.1%
Fiji 2.18 5.8% 7.4%
Finland 1.53 -1.1% 5.1%
France 1.54 -0.1% 3.6%
Georgia 2.41 0.2% 7.9%
Germany 1.44 -0.8% 4.8%
Ghana 4.94 0.0% 8.0%
Greece 1.66 0.2% 5.7%
Grenada 3.55 0.0% 7.3%
Guatemala 7.37 0.0% 4.0%
Honduras 26.28 0.1% 4.1%
Hong Kong 16.64 0.0% 2.8%
Hungary 400.70 -0.7% 8.7%
Iceland 226.80 0.0% 7.6%
India 80.08 0.6% 3.6%
Indonesia 9850.00 0.0% 6.3%
Ireland 1.47 0.7% 6.5%
Israel 6.70 0.0% 2.3%
Italy 1.63 0.1% 5.1%
Ivory Coast 610.00 0.0% 1.7%
Jamaica 167.83 0.6% 9.5%
Japan 149.30 0.3% 6.6%
Jordan 1.05 0.0% 4.5%
Kenya 114.18 3.0% 4.3%
Kuwait 0.11 0.0% 0.0%
Kyrgyzstan 47.00 0.0% 5.6%
Laos 10400.00 0.0% 2.9%
Latvia 1.30 1.8% 6.0%
Lebanon 1400.00 0.0% 7.3%
Lithuania 1.06 1.1% -1.7%
Luxembourg 1.26 -1.0% 5.6%
Macedonia 72.00 0.0% 6.7%
Malawi 824.70 0.0% 0.0%
Malaysia 2.20 0.0% 0.0%
Malta 1.31 0.0% 0.0%
Mauritius 49.65 0.0% 5.0%
Mayotte 1.55 0.0% 6.9%
Mexico 19.40 -5.4% -2.0%
Moldova 19.00 0.0% 2.9%
Montenegro 1.41 0.0% 11.0%
Morocco 11.46 0.0% 6.9%
Nepal 110.00 0.0% 4.8%
Netherlands 1.67 -0.1% 5.3%
New Zealand 2.31 0.5% 7.4%
Nicaragua 33.75 0.0% 2.7%
Norway 16.62 -0.3% 4.2%
Oman 0.23 0.0% 4.2%
Pakistan 99.50 0.0% 15.7%
Panama 0.88 -2.1% 10.3%
Peru 3.60 1.1% 5.0%
Philippines 54.60 0.7% 2.7%
Poland 5.09 1.0% 8.5%
Portugal 1.58 0.1% 4.8%
Qatar 2.05 0.0% 7.9%
Romania 5.65 -1.3% 5.6%
Russia 45.29 -0.2% 9.7%
Rwanda 1109.00 0.0% 5.1%
Saint Lucia 3.07 0.0% 9.6%
Serbia 152.70 0.0% 5.7%
Sierra Leone 8000.00 33.3% 33.3%
Singapore 2.18 0.0% 2.7%
Slovakia 1.41 1.3% 5.8%
Slovenia 1.34 0.0% 2.4%
South Africa 15.73 0.0% 10.9%
South Korea 1611.55 0.1% 4.0%
Spain 1.32 -0.2% 3.4%
Sri Lanka 155.00 4.7% 21.1%
Suriname 6.96 0.0% 8.3%
Sweden 15.94 0.4% 6.0%
Switzerland 1.64 0.7% 5.7%
Taiwan 30.56 0.0% 8.4%
Tanzania 2409.00 0.0% 4.1%
Thailand 36.42 -1.4% 3.4%
Tunisia 1.93 0.0% 4.1%
Turkey 6.27 0.0% 5.3%
Uganda 4000.00 0.0% 1.3%
Ukraine 29.18 0.0% 0.4%
United Arab Emirates 2.45 0.0% 10.4%
United Kingdom 1.29 0.3% 6.8%
Uruguay 54.95 0.0% 9.0%
USA 0.84 0.4% 7.6%
Vietnam 21480.00 0.0% 3.2%
Zambia 13.75 0.0% 0.0%




Countries Diesel
Current price
local currency
Change
one week
Change
three months
Algeria 23.06 0.0% 0.0%
Andorra 1.05 0.0% 6.3%
Argentina 25.38 1.7% 8.5%
Aruba 1.72 0.0% 4.2%
Australia 1.54 -0.1% 9.7%
Austria 1.23 -0.8% 6.8%
Barbados 3.21 0.0% 23.5%
Belarus 1.37 0.0% 0.0%
Belgium 1.47 -0.3% 7.4%
Bolivia 3.72 0.0% 0.0%
Brazil 3.39 0.1% -0.2%
Bulgaria 2.21 0.0% 9.3%
Burma (Myanmar) 860.00 0.0% 6.2%
Cambodia 3621.43 0.0% 0.8%
Cameroon 575.00 0.0% 0.0%
Canada 1.31 -0.7% 3.6%
Cape Verde 106.40 0.0% 11.9%
Cayman Islands 0.99 0.0% 5.7%
Chile 612.40 1.0% 13.3%
China 6.76 0.0% 3.8%
Colombia 2175.72 0.0% 3.0%
Costa Rica 556.00 0.0% 4.7%
Croatia 9.89 -0.2% 7.0%
Cyprus 1.33 0.5% 7.1%
Czech Republic 32.56 0.1% 9.2%
Denmark 10.37 -2.8% 6.2%
Dominican Republic 49.27 -0.5% 2.8%
Egypt 5.50 0.0% 50.7%
El Salvador 0.85 0.4% 7.4%
Estonia 1.27 -0.8% 1.0%
Fiji 1.90 8.0% 11.1%
Finland 1.38 -0.8% 4.9%
France 1.46 0.1% 4.1%
Georgia 2.38 -0.5% 6.0%
Germany 1.28 0.6% 6.9%
Ghana 5.02 0.0% 10.2%
Greece 1.43 0.2% 7.0%
Grenada 3.33 0.0% 7.7%
Guatemala 6.09 0.1% 7.2%
Honduras 22.28 0.1% 7.7%
Hong Kong 13.65 0.0% 3.8%
Hungary 407.60 -0.5% 10.0%
Iceland 218.20 0.0% 7.4%
India 71.11 0.6% 5.3%
Indonesia 10966.70 0.0% 5.8%
Ireland 1.34 -0.7% 3.9%
Israel 6.20 0.0% 2.5%
Italy 1.51 0.0% 5.7%
Ivory Coast 610.00 0.0% 1.7%
Jamaica 161.89 0.2% 11.9%
Japan 127.20 0.2% 7.8%
Jordan 0.61 0.0% 7.0%
Kenya 105.35 -0.3% 5.4%
Kuwait 0.12 0.0% 0.0%
Kyrgyzstan 45.00 0.0% 5.9%
Laos 8300.00 0.0% 3.8%
Latvia 1.19 1.8% 4.2%
Lebanon 980.00 0.0% 10.1%
Lithuania 1.02 0.4% 0.6%
Luxembourg 1.13 0.0% 8.0%
Macedonia 64.00 0.0% 8.5%
Malawi 815.80 0.0% 0.0%
Malaysia 2.18 0.0% 0.0%
Malta 1.18 0.0% 0.0%
Mauritius 40.00 0.0% 5.0%
Mayotte 1.29 0.0% 6.6%
Mexico 19.58 -0.2% 4.2%
Moldova 16.92 0.0% 4.4%
Montenegro 1.30 0.0% 8.3%
Morocco 9.99 0.0% 4.2%
Nepal 93.00 0.0% 9.4%
Netherlands 1.37 0.4% 6.0%
New Zealand 1.56 -0.1% 10.4%
Nicaragua 28.95 0.0% 4.5%
Norway 15.46 -0.3% 4.6%
Oman 0.25 0.0% 2.9%
Pakistan 119.31 0.0% 23.7%
Panama 0.77 -1.7% 10.1%
Peru 3.16 0.0% 8.7%
Philippines 44.85 0.8% 7.3%
Poland 5.04 1.0% 9.8%
Portugal 1.36 0.1% 5.7%
Qatar 2.05 0.0% 10.8%
Romania 5.77 -0.6% 5.8%
Russia 44.02 0.0% 10.6%
Rwanda 1093.00 0.0% 5.4%
Saint Lucia 3.07 0.0% 9.6%
Serbia 162.90 0.3% 6.5%
Sierra Leone 8000.00 33.3% 33.3%
Singapore 1.64 0.0% 2.9%
Slovakia 1.27 -0.1% 6.6%
Slovenia 1.28 0.0% 2.2%
South Africa 16.08 0.0% 11.8%
South Korea 1412.51 0.2% 4.8%
Spain 1.22 -0.2% 3.0%
Sri Lanka 118.00 8.3% 24.2%
Suriname 6.56 -1.6% 10.5%
Sweden 15.85 0.6% 5.9%
Switzerland 1.73 0.8% 5.8%
Taiwan 27.15 0.0% 10.6%
Tanzania 2329.00 0.0% 5.6%
Thailand 28.64 -1.5% 4.9%
Tunisia 1.69 0.0% 4.7%
Turkey 5.71 0.0% 7.3%
Uganda 3650.00 4.3% 9.0%
Ukraine 27.01 0.0% 0.8%
United Arab Emirates 2.66 0.0% 10.8%
United Kingdom 1.32 0.2% 7.0%
Uruguay 40.40 0.0% 0.0%
USA 0.84 0.0% 6.5%
Vietnam 17620.00 0.0% 6.7%
Zambia 12.01 0.0% 0.0%
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