Weekly global fuel price review (May 21, 2019)

During the past week, geopolitical tensions caused new increase in the international crude oil prices. Due to the usual lag in the refined products price development, gasoline prices marked a decline reflecting the oil price downturn from the previous weeks. The world average prices of gasoline and diesel for the week were 1.11 and 1.03 USD per liter respectively.

The European average gasoline price was 1.43 USD per liter marking a 0.3% increase compared with the previous week. Gasoline prices also went up by 2.6% in Australia, by 0.1% in Africa and South America. The regional average gasoline prices of Asia, the USA, and Canada decreased by 0.1%, by 0.4%, and by 0.2% respectively.

Looking at individual countries, the gasoline price changes varied from -2.7% (Vietnam) to 6.0% (Aruba). There was an increase in 22 of the 112 reviewed countries, no change in 64 countries, and a decrease in 26 countries. The most significant gasoline price decreases took place in the Philippines, El Salvador, and Vietnam. Gasoline went up by more than 3% in Aruba, Moldova, and the Cayman Islands. The largest weekly petrol price change was observed in Moldova where the fuel retailers set new higher pump prices after weeks of price stability.


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 -0.3% 10.4% 0.0% 5.0%
Argentina 0.0% 7.4% 0.0% 7.7%
Aruba 6.0% 11.1% 2.2% 12.1%
Australia 2.6% 19.9% 0.2% 5.7%
Austria 0.0% 11.1% 0.0% 4.5%
Barbados 0.0% 6.1% 0.0% 2.7%
Belarus 0.6% 8.4% 0.6% 8.4%
Belgium 0.0% 12.4% 0.0% 2.8%
Bolivia 0.0% 0.0% 0.0% 0.0%
Brazil -0.2% 8.6% 0.2% 6.0%
Bulgaria 1.1% 14.4% 0.4% 6.3%
Burma (Myanmar) 0.0% 22.8% 0.0% 13.0%
Cambodia -0.2% 9.3% 1.6% 6.0%
Cameroon 0.0% 0.0% 0.0% 0.0%
Canada -0.2% 24.3% -0.2% 10.4%
Cape Verde 0.0% 12.9% 0.0% 6.2%
Cayman Islands 3.2% 4.3% 1.1% 2.0%
Chile 0.7% 6.1% 1.2% 4.5%
China 0.0% 5.0% 0.0% 5.6%
Colombia 0.0% 0.5% 0.0% 1.0%
Costa Rica 0.0% 18.7% 0.0% 8.2%
Croatia 2.9% 13.8% 0.8% 5.2%
Cyprus -1.0% 12.4% 0.0% 5.6%
Czech Republic 0.2% 7.5% 0.2% 6.7%
Denmark -0.7% 16.5% -1.2% 8.1%
Dominican Republic -1.2% 11.0% -0.2% 5.9%
Egypt 0.0% 0.0% 0.0% 0.0%
El Salvador -2.5% 19.0% -0.1% 9.1%
Estonia -1.0% 11.7% -1.8% 5.6%
Fiji 0.0% -4.3% 0.0% -3.7%
Finland 0.4% 11.3% 0.4% 1.7%
France 1.0% 10.8% 0.2% 4.6%
Georgia 0.0% -0.2% 0.0% -1.9%
Germany 0.9% 15.0% -0.2% 4.8%
Ghana 0.0% 11.7% 0.0% 10.3%
Greece -0.2% 9.9% 0.0% 5.2%
Grenada 0.0% 6.1% 0.0% -1.2%
Guatemala -1.6% 19.3% -1.3% 5.8%
Honduras 0.0% 14.4% 0.0% 6.6%
Hong Kong 0.9% 6.7% 1.0% 5.5%
Hungary 0.0% 16.5% -0.0% 7.0%
Iceland 0.8% 9.6% 0.4% 4.8%
India -0.4% 1.1% 0.2% 0.8%
Indonesia 0.0% -1.6% 0.0% 3.8%
Ireland 0.9% 7.3% 0.1% 3.9%
Israel 0.0% 9.8% 0.0% 10.7%
Italy -0.1% 8.4% -0.0% 5.0%
Ivory Coast 0.0% 4.1% 0.0% 1.7%
Jamaica 0.0% 13.3% 0.0% 6.0%
Japan -0.4% 5.7% -0.2% 5.8%
Jordan 0.0% 10.5% 0.0% 8.9%
Kenya 2.5% 5.8% -0.3% 0.5%
Kuwait 0.0% 0.0% 0.0% 0.0%
Kyrgyzstan 0.0% -4.4% 0.0% 1.1%
Laos 0.0% 9.5% 0.0% 9.8%
Latvia 0.0% 9.1% 0.0% 2.7%
Lebanon -1.1% 20.5% 0.0% 11.1%
Lithuania 1.3% 15.3% -0.9% 6.2%
Luxembourg 0.0% 12.9% 1.8% 9.2%
Macedonia 0.0% 16.1% 0.0% 5.8%
Malawi 0.0% 0.0% 0.0% 0.0%
Malaysia 0.0% 5.6% 0.0% 0.0%
Malta 0.0% 0.0% 0.0% 0.0%
Mauritius 0.0% 0.0% 0.0% 0.0%
Mayotte 0.0% 9.6% 0.0% 7.2%
Mexico -0.3% 2.9% -0.1% 4.2%
Moldova 6.0% 9.7% 5.1% 7.3%
Montenegro 0.0% 4.9% 0.0% 5.0%
Namibia 0.0% 5.8% 0.0% 1.5%
Nepal 0.0% 1.4% 0.0% 1.0%
Netherlands -0.8% 9.9% -0.7% 4.8%
New Zealand 2.1% 12.6% 1.4% 8.6%
Nicaragua -1.9% 15.6% 0.0% 6.7%
Norway 0.1% 8.5% -0.3% 1.6%
Oman 0.0% 5.7% 0.0% 5.5%
Pakistan 0.0% 20.0% 0.0% 14.7%
Panama 0.0% 20.0% 0.0% 10.3%
Peru -0.1% 9.7% 0.0% -0.3%
Philippines -2.2% 12.6% 0.0% 11.8%
Poland 0.0% 9.0% 0.0% 3.0%
Portugal 0.0% 10.5% 0.0% 3.0%
Qatar 0.0% 29.0% 0.0% 17.6%
Romania -0.3% 10.9% 0.1% 5.2%
Russia 0.0% -0.9% 0.0% -3.0%
Rwanda 0.0% 8.2% 0.0% 5.0%
Saint Lucia 0.0% -1.0% 0.0% -0.7%
Serbia 0.0% 8.0% 0.0% 3.8%
Sierra Leone 0.0% 0.0% 0.0% 0.0%
Singapore 0.0% 5.5% 0.0% 11.6%
Slovakia 0.0% 14.2% 0.0% 5.6%
Slovenia 0.0% 12.3% 0.0% 4.4%
South Africa 0.0% 18.6% 0.0% 11.5%
South Korea 0.0% 13.5% 0.0% 12.0%
Spain 0.0% 9.5% 0.0% 5.0%
Sri Lanka 0.0% 8.2% 0.0% 5.1%
Suriname 0.0% -3.1% 0.0% -8.4%
Sweden 0.0% 13.5% 0.0% 5.7%
Switzerland -0.1% 3.8% -0.7% 1.4%
Taiwan 1.0% 9.4% 1.5% 10.2%
Tanzania 0.0% 5.3% 0.0% 4.9%
Thailand 1.1% 8.1% 1.4% 8.0%
Tunisia 0.0% 4.0% 0.0% 4.6%
Turkey -0.1% 16.2% 0.1% 6.7%
Uganda 0.0% 2.7% 0.0% 2.9%
Ukraine 0.0% 6.5% -0.1% 5.3%
United Arab Emirates 0.0% 27.2% 0.0% 11.0%
United Kingdom 0.3% 7.1% -0.0% 5.2%
Uruguay 0.0% 0.0% 0.0% 0.0%
USA -0.4% 21.9% 0.0% 6.3%
Vietnam -2.7% 22.6% -0.4% 18.2%
Zambia 0.0% -5.4% 0.0% -8.3%




Changes in fuel prices, in local currencies

Countries Gasoline
Current price
local currency
Change
one week
Change
three months
41.97 0.0% 0.0%
1.19 -0.3% 10.4%
43.64 0.0% 7.4%
2.10 6.0% 11.1%
1.53 2.6% 19.9%
1.30 0.0% 11.1%
3.82 0.0% 6.1%
1.67 0.6% 8.4%
1.48 0.0% 12.4%
3.74 0.0% 0.0%
4.56 -0.2% 8.6%
2.20 1.1% 14.4%
970.00 0.0% 22.8%
4021.00 -0.2% 9.3%
630.00 0.0% 0.0%
1.48 -0.2% 24.3%
124.30 0.0% 12.9%
1.07 3.2% 4.3%
861.20 0.7% 6.1%
7.52 0.0% 5.0%
2417.70 0.0% 0.5%
691.00 0.0% 18.7%
10.24 2.9% 13.8%
1.25 -1.0% 12.4%
33.29 0.2% 7.5%
12.89 -0.7% 16.5%
62.95 -1.2% 11.0%
7.75 0.0% 0.0%
0.96 -2.5% 19.0%
1.39 -1.0% 11.7%
2.00 0.0% -4.3%
1.58 0.4% 11.3%
1.60 1.0% 10.8%
2.42 0.0% -0.2%
1.51 0.9% 15.0%
5.50 0.0% 11.7%
1.66 -0.2% 9.9%
3.43 0.0% 6.1%
7.37 -1.6% 19.3%
26.55 0.0% 14.4%
17.44 0.9% 6.7%
405.80 0.0% 16.5%
241.60 0.8% 9.6%
73.72 -0.4% 1.1%
10337.50 0.0% -1.6%
1.44 0.9% 7.3%
6.72 0.0% 9.8%
1.62 -0.1% 8.4%
630.00 0.0% 4.1%
167.80 0.0% 13.3%
146.60 -0.4% 5.7%
1.00 0.0% 10.5%
112.19 2.5% 5.8%
0.11 0.0% 0.0%
43.50 0.0% -4.4%
10820.00 0.0% 9.5%
1.28 0.0% 9.1%
1350.00 -1.1% 20.5%
1.22 1.3% 15.3%
1.29 0.0% 12.9%
72.00 0.0% 16.1%
868.00 0.0% 0.0%
2.08 0.0% 5.6%
1.36 0.0% 0.0%
47.00 0.0% 0.0%
1.60 0.0% 9.6%
20.66 -0.3% 2.9%
19.45 6.0% 9.7%
1.29 0.0% 4.9%
12.75 0.0% 5.8%
111.50 0.0% 1.4%
1.71 -0.8% 9.9%
2.43 2.1% 12.6%
34.58 -1.9% 15.6%
17.19 0.1% 8.5%
0.22 0.0% 5.7%
108.42 0.0% 20.0%
0.87 0.0% 20.0%
3.89 -0.1% 9.7%
55.89 -2.2% 12.6%
5.21 0.0% 9.0%
1.56 0.0% 10.5%
2.00 0.0% 29.0%
5.81 -0.3% 10.9%
45.19 0.0% -0.9%
1096.00 0.0% 8.2%
3.04 0.0% -1.0%
154.10 0.0% 8.0%
7000.00 0.0% 0.0%
2.20 0.0% 5.5%
1.41 0.0% 14.2%
1.36 0.0% 12.3%
16.35 0.0% 18.6%
1524.68 0.0% 13.5%
1.35 0.0% 9.5%
159.00 0.0% 8.2%
6.67 0.0% -3.1%
16.85 0.0% 13.5%
1.57 -0.1% 3.8%
30.40 1.0% 9.4%
2233.00 0.0% 5.3%
37.26 1.1% 8.1%
2.07 0.0% 4.0%
7.11 -0.1% 16.2%
4262.00 0.0% 2.7%
30.34 0.0% 6.5%
2.34 0.0% 27.2%
1.28 0.3% 7.1%
54.95 0.0% 0.0%
0.84 -0.4% 21.9%
21880.00 -2.7% 22.6%
15.20 0.0% -5.4%




Countries Diesel
Current price
local currency
Change
one week
Change
three months
23.06 0.0% 0.0%
1.06 0.0% 5.0%
39.88 0.0% 7.7%
1.85 2.2% 12.1%
1.51 0.2% 5.7%
1.24 0.0% 4.5%
3.08 0.0% 2.7%
1.67 0.6% 8.4%
1.49 0.0% 2.8%
3.72 0.0% 0.0%
3.65 0.2% 6.0%
2.23 0.4% 6.3%
1000.00 0.0% 13.0%
3514.00 1.6% 6.0%
575.00 0.0% 0.0%
1.29 -0.2% 10.4%
103.00 0.0% 6.2%
0.99 1.1% 2.0%
633.00 1.2% 4.5%
6.74 0.0% 5.6%
2291.43 0.0% 1.0%
568.00 0.0% 8.2%
10.11 0.8% 5.2%
1.27 0.0% 5.6%
32.52 0.2% 6.7%
10.99 -1.2% 8.1%
48.50 -0.2% 5.9%
5.50 0.0% 0.0%
0.85 -0.1% 9.1%
1.34 -1.8% 5.6%
1.82 0.0% -3.7%
1.41 0.4% 1.7%
1.50 0.2% 4.6%
2.45 0.0% -1.9%
1.30 -0.2% 4.8%
5.56 0.0% 10.3%
1.43 0.0% 5.2%
3.26 0.0% -1.2%
6.02 -1.3% 5.8%
22.13 0.0% 6.6%
14.45 1.0% 5.5%
412.10 -0.0% 7.0%
231.30 0.4% 4.8%
68.28 0.2% 0.8%
12400.00 0.0% 3.8%
1.35 0.1% 3.9%
6.22 0.0% 10.7%
1.52 -0.0% 5.0%
615.00 0.0% 1.7%
165.37 0.0% 6.0%
127.00 -0.2% 5.8%
0.61 0.0% 8.9%
104.67 -0.3% 0.5%
0.12 0.0% 0.0%
46.00 0.0% 1.1%
8710.00 0.0% 9.8%
1.20 0.0% 2.7%
950.00 0.0% 11.1%
1.11 -0.9% 6.2%
1.16 1.8% 9.2%
63.50 0.0% 5.8%
874.00 0.0% 0.0%
2.18 0.0% 0.0%
1.23 0.0% 0.0%
38.00 0.0% 0.0%
1.34 0.0% 7.2%
20.96 -0.1% 4.2%
17.45 5.1% 7.3%
1.25 0.0% 5.0%
13.33 0.0% 1.5%
98.00 0.0% 1.0%
1.39 -0.7% 4.8%
1.65 1.4% 8.6%
29.97 0.0% 6.7%
15.85 -0.3% 1.6%
0.25 0.0% 5.5%
122.32 0.0% 14.7%
0.76 0.0% 10.3%
3.34 0.0% -0.3%
45.54 0.0% 11.8%
5.18 0.0% 3.0%
1.39 0.0% 3.0%
2.00 0.0% 17.6%
5.94 0.1% 5.2%
45.39 0.0% -3.0%
1091.00 0.0% 5.0%
3.05 0.0% -0.7%
164.90 0.0% 3.8%
7500.00 0.0% 0.0%
1.82 0.0% 11.6%
1.27 0.0% 5.6%
1.29 0.0% 4.4%
16.59 0.0% 11.5%
1391.15 0.0% 12.0%
1.25 0.0% 5.0%
104.00 0.0% 5.1%
6.20 0.0% -8.4%
16.69 0.0% 5.7%
1.71 -0.7% 1.4%
27.00 1.5% 10.2%
2181.00 0.0% 4.9%
28.19 1.4% 8.0%
1.83 0.0% 4.6%
6.50 0.1% 6.7%
3960.00 0.0% 2.9%
29.90 -0.1% 5.3%
2.53 0.0% 11.0%
1.35 -0.0% 5.2%
40.40 0.0% 0.0%
0.82 0.0% 6.3%
17785.00 -0.4% 18.2%
13.43 0.0% -8.3%
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