Weekly global fuel price review (August 21, 2018)

During the past week, crude oil prices continued their downward trend due to demand concerns. However, the retail fuel markets did not reflect that trend. The world average price of gasoline remained stable at a level of 1.12 USD per liter while the world average diesel price increased to a level of 1.03 USD per liter.

The European average gasoline price was 1.59 USD per liter marking 0.3% weekly increase. Gasoline prices also went up by 2.3% in Australia, by 0.1% in Asia, and by 0.2% in South America. In the USA and Canada, gasoline prices decreased by 0.5% and 0.8% respectively. The regional average price of Africa remained unchanged compared to the previous week.

Looking at individual countries, the gasoline price changes varied from –2% (Ireland) to 9.8% (Turkey). There was an increase in 33 of the 111 reviewed countries, no change in 61 countries, and a decrease in 18 countries. Gasoline went down by more than 1% in Ireland, Latvia, Uganda, and Guatemala. Gasoline prices increased by more than 2% in Australia. Turkey, and Mexico. The largest weekly fuel price change was observed in Turkey where the prices at the pump jumped by almost 10% due to currency devaluation and tax increase.


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 0.0% 1.6% -0.2% 0.6%
Argentina 0.6% 10.5% 0.6% 15.8%
Aruba 0.0% 7.2% 0.0% 7.3%
Australia 2.3% 3.2% 0.1% 2.6%
Austria 0.3% 2.4% 0.5% 1.6%
Barbados 0.0% 14.1% 0.0% 20.7%
Belarus 0.7% 2.2% 0.7% 2.2%
Belgium 0.0% -0.2% 0.5% 2.2%
Bolivia 0.0% 0.0% 0.0% 0.0%
Brazil -0.5% 4.3% -0.2% -5.1%
Bulgaria 0.2% 5.7% -0.0% 5.5%
Burma (Myanmar) 0.0% 0.0% 0.0% 0.0%
Cambodia 1.2% -0.2% 3.0% 0.0%
Cameroon 0.0% 0.0% 0.0% 0.0%
Canada -0.8% -2.8% -0.2% -1.2%
Cape Verde 0.0% 4.7% 0.0% 4.1%
Cayman Islands 0.0% 2.0% 0.0% 2.8%
Chile -0.2% 5.3% 0.5% 7.4%
China 0.0% 0.0% 0.0% 0.0%
Colombia 0.0% 1.8% 0.0% 1.9%
Costa Rica 0.0% 2.3% 0.0% 2.8%
Croatia 0.3% 0.7% 0.4% 1.0%
Cyprus 0.0% 2.9% -0.1% 0.5%
Czech Republic -0.1% 4.6% -0.1% 4.9%
Denmark 0.0% 0.8% 0.9% 1.0%
Dominican Republic 0.0% 0.0% 1.6% 1.6%
Egypt 0.0% 17.4% 0.0% 50.7%
El Salvador 0.0% 0.3% 0.0% 1.0%
Estonia 1.2% 1.7% 1.7% 4.2%
Fiji 0.0% 5.8% 0.0% 8.0%
Finland 1.9% 4.3% 1.9% 3.9%
France 0.2% 0.2% 0.2% 0.3%
Georgia 0.2% 6.0% 0.2% 5.0%
Germany 1.0% 1.7% 0.7% 1.5%
Ghana 0.0% 5.6% 0.0% 3.8%
Greece 0.1% 3.6% 0.1% 3.6%
Grenada 0.0% 6.3% 0.0% 6.8%
Guatemala -1.0% 0.1% -0.7% 1.6%
Honduras 0.0% 1.4% 0.0% 0.9%
Hong Kong 1.2% 2.7% 0.7% 0.4%
Hungary 0.0% 4.5% 0.7% 4.2%
Iceland 0.0% 3.2% 0.0% 3.3%
India 0.3% 3.2% 0.4% 4.1%
Indonesia 0.0% 7.4% 0.0% 6.8%
Ireland -2.0% 2.1% -2.2% 1.5%
Israel 0.0% 1.6% 0.0% 1.8%
Italy 0.0% 2.3% 0.0% 2.4%
Ivory Coast 0.0% 0.0% 0.0% 0.0%
Jamaica -0.2% 7.1% 0.4% 10.0%
Japan -0.1% 3.5% -0.3% 4.5%
Jordan 0.0% 1.0% 0.0% 1.6%
Kenya 1.7% 6.3% -0.1% 4.5%
Kuwait 0.0% 0.0% 0.0% 0.0%
Kyrgyzstan 0.0% 2.2% 0.0% 3.5%
Laos 0.0% 0.9% 0.0% 0.0%
Latvia -1.9% 3.4% -2.0% 5.9%
Lebanon -0.4% 1.5% -0.5% 0.5%
Lithuania 0.7% 6.5% 0.4% 2.8%
Luxembourg 0.0% 1.6% 0.0% 0.9%
Macedonia -0.7% -0.7% 0.8% 0.0%
Malawi 0.0% 7.7% 0.0% 9.2%
Malaysia 0.0% 0.0% 0.0% 0.0%
Malta 0.0% 3.8% 0.0% 4.2%
Mauritius 0.0% 5.0% 0.0% 5.0%
Mayotte 0.0% 2.6% 0.0% 3.2%
Mexico 5.6% 2.7% 3.6% 4.8%
Moldova 0.0% 0.5% 0.0% 0.2%
Montenegro 0.0% 8.7% 0.0% 5.0%
Morocco 0.0% 1.8% 0.0% 0.4%
Nepal 0.9% 2.8% 2.2% 5.6%
Netherlands -0.5% 2.4% 0.4% 1.9%
New Zealand 1.1% 3.0% 0.6% 8.0%
Nicaragua 0.0% -0.6% 0.0% 0.0%
Norway 0.5% 2.7% 0.6% 2.1%
Oman 0.0% 1.4% 0.0% 0.0%
Pakistan 0.0% 8.6% 0.0% 14.4%
Panama 0.0% 1.3% 0.0% 1.7%
Peru 1.2% 2.3% 0.0% 3.6%
Philippines 0.3% 1.9% 0.6% 1.0%
Poland 0.0% 3.3% 0.0% 2.9%
Portugal -0.3% 1.8% 0.6% 0.9%
Qatar 0.0% 2.5% 0.0% 2.5%
Romania 0.3% -0.3% 0.2% 0.5%
Russia -0.2% 4.5% -0.0% 4.9%
Rwanda 0.0% 4.1% 0.0% 4.3%
Saint Lucia 0.0% 2.0% 0.0% 2.3%
Serbia 0.0% 3.2% 0.0% 3.4%
Sierra Leone 0.0% 33.3% 0.0% 33.3%
Singapore 0.6% 2.0% 0.8% 4.3%
Slovakia 1.1% 3.5% 0.1% 1.9%
Slovenia 0.7% -0.3% 0.5% -0.8%
South Africa 0.0% 7.2% 0.0% 7.1%
South Korea 0.1% 2.8% 0.1% 3.3%
Spain 0.2% 1.4% 0.2% 1.1%
Sri Lanka 1.3% 6.1% 0.0% 8.3%
Suriname 0.0% 4.3% 0.0% 5.2%
Sweden 0.0% 1.9% 0.6% 1.7%
Switzerland -0.8% 2.2% 0.6% 3.3%
Taiwan 0.0% 3.6% 0.0% 4.6%
Tanzania 0.0% 7.0% 0.0% 6.9%
Thailand -0.8% 2.0% -2.0% 0.1%
Tunisia 0.0% 4.1% 0.0% 4.7%
Turkey 9.8% 9.8% 9.8% 9.9%
Uganda -1.2% 2.5% 0.0% 8.7%
Ukraine 0.4% 1.4% 0.4% 1.5%
United Arab Emirates 0.0% 3.8% 0.0% 2.7%
United Kingdom 0.1% 3.4% 0.1% 3.3%
Uruguay 0.0% 9.0% 0.0% 0.0%
USA -0.6% -0.5% -0.2% 0.4%
Vietnam 0.0% 1.1% 0.0% 2.5%
Zambia 0.0% 0.0% 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 0.0% 1.6%
Argentina 30.91 0.6% 10.5%
Aruba 2.17 0.0% 7.2%
Australia 1.50 2.3% 3.2%
Austria 1.30 0.3% 2.4%
Barbados 3.88 0.0% 14.1%
Belarus 1.39 0.7% 2.2%
Belgium 1.45 0.0% -0.2%
Bolivia 3.74 0.0% 0.0%
Brazil 4.44 -0.5% 4.3%
Bulgaria 2.23 0.2% 5.7%
Burma (Myanmar) 875.00 0.0% 0.0%
Cambodia 4235.71 1.2% -0.2%
Cameroon 630.00 0.0% 0.0%
Canada 1.48 -0.8% -2.8%
Cape Verde 130.40 0.0% 4.7%
Cayman Islands 1.08 0.0% 2.0%
Chile 851.80 -0.2% 5.3%
China 7.57 0.0% 0.0%
Colombia 2346.38 0.0% 1.8%
Costa Rica 677.00 0.0% 2.3%
Croatia 10.44 0.3% 0.7%
Cyprus 1.32 0.0% 2.9%
Czech Republic 33.27 -0.1% 4.6%
Denmark 12.16 0.0% 0.8%
Dominican Republic 63.75 0.0% 0.0%
Egypt 7.75 0.0% 17.4%
El Salvador 0.99 0.0% 0.3%
Estonia 1.37 1.2% 1.7%
Fiji 2.18 0.0% 5.8%
Finland 1.57 1.9% 4.3%
France 1.55 0.2% 0.2%
Georgia 2.41 0.2% 6.0%
Germany 1.46 1.0% 1.7%
Ghana 4.99 0.0% 5.6%
Greece 1.66 0.1% 3.6%
Grenada 3.51 0.0% 6.3%
Guatemala 7.37 -1.0% 0.1%
Honduras 26.34 0.0% 1.4%
Hong Kong 16.89 1.2% 2.7%
Hungary 399.70 0.0% 4.5%
Iceland 226.80 0.0% 3.2%
India 80.83 0.3% 3.2%
Indonesia 9950.00 0.0% 7.4%
Ireland 1.46 -2.0% 2.1%
Israel 6.78 0.0% 1.6%
Italy 1.63 0.0% 2.3%
Ivory Coast 610.00 0.0% 0.0%
Jamaica 169.04 -0.2% 7.1%
Japan 148.70 -0.1% 3.5%
Jordan 1.06 0.0% 1.0%
Kenya 116.10 1.7% 6.3%
Kuwait 0.11 0.0% 0.0%
Kyrgyzstan 46.00 0.0% 2.2%
Laos 10400.00 0.0% 0.9%
Latvia 1.28 -1.9% 3.4%
Lebanon 1395.00 -0.4% 1.5%
Lithuania 1.16 0.7% 6.5%
Luxembourg 1.28 0.0% 1.6%
Macedonia 71.00 -0.7% -0.7%
Malawi 888.00 0.0% 7.7%
Malaysia 2.20 0.0% 0.0%
Malta 1.36 0.0% 3.8%
Mauritius 49.65 0.0% 5.0%
Mayotte 1.55 0.0% 2.6%
Mexico 20.48 5.6% 2.7%
Moldova 18.90 0.0% 0.5%
Montenegro 1.38 0.0% 8.7%
Morocco 11.46 0.0% 1.8%
Nepal 111.00 0.9% 2.8%
Netherlands 1.68 -0.5% 2.4%
New Zealand 2.38 1.1% 3.0%
Nicaragua 33.75 0.0% -0.6%
Norway 16.86 0.5% 2.7%
Oman 0.23 0.0% 1.4%
Pakistan 95.24 0.0% 8.6%
Panama 0.88 0.0% 1.3%
Peru 3.66 1.2% 2.3%
Philippines 56.40 0.3% 1.9%
Poland 5.08 0.0% 3.3%
Portugal 1.59 -0.3% 1.8%
Qatar 2.05 0.0% 2.5%
Romania 5.59 0.3% -0.3%
Russia 45.10 -0.2% 4.5%
Rwanda 1109.00 0.0% 4.1%
Saint Lucia 3.07 0.0% 2.0%
Serbia 153.20 0.0% 3.2%
Sierra Leone 8000.00 0.0% 33.3%
Singapore 2.21 0.6% 2.0%
Slovakia 1.42 1.1% 3.5%
Slovenia 1.35 0.7% -0.3%
South Africa 15.74 0.0% 7.2%
South Korea 1619.45 0.1% 2.8%
Spain 1.32 0.2% 1.4%
Sri Lanka 157.00 1.3% 6.1%
Suriname 6.97 0.0% 4.3%
Sweden 16.12 0.0% 1.9%
Switzerland 1.64 -0.8% 2.2%
Taiwan 30.56 0.0% 3.6%
Tanzania 2384.00 0.0% 7.0%
Thailand 37.14 -0.8% 2.0%
Tunisia 1.93 0.0% 4.1%
Turkey 6.89 9.8% 9.8%
Uganda 4050.00 -1.2% 2.5%
Ukraine 29.52 0.4% 1.4%
United Arab Emirates 2.46 0.0% 3.8%
United Kingdom 1.30 0.1% 3.4%
Uruguay 54.95 0.0% 9.0%
USA 0.83 -0.6% -0.5%
Vietnam 21455.00 0.0% 1.1%
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 -0.2% 0.6%
Argentina 26.70 0.6% 15.8%
Aruba 1.85 0.0% 7.3%
Australia 1.52 0.1% 2.6%
Austria 1.23 0.5% 1.6%
Barbados 3.15 0.0% 20.7%
Belarus 1.39 0.7% 2.2%
Belgium 1.48 0.5% 2.2%
Bolivia 3.72 0.0% 0.0%
Brazil 3.37 -0.2% -5.1%
Bulgaria 2.22 -0.0% 5.5%
Burma (Myanmar) 860.00 0.0% 0.0%
Cambodia 3728.57 3.0% 0.0%
Cameroon 575.00 0.0% 0.0%
Canada 1.29 -0.2% -1.2%
Cape Verde 105.70 0.0% 4.1%
Cayman Islands 0.99 0.0% 2.8%
Chile 611.40 0.5% 7.4%
China 6.76 0.0% 0.0%
Colombia 2175.72 0.0% 1.9%
Costa Rica 555.00 0.0% 2.8%
Croatia 9.92 0.4% 1.0%
Cyprus 1.33 -0.1% 0.5%
Czech Republic 32.45 -0.1% 4.9%
Denmark 10.64 0.9% 1.0%
Dominican Republic 49.53 1.6% 1.6%
Egypt 5.50 0.0% 50.7%
El Salvador 0.85 0.0% 1.0%
Estonia 1.32 1.7% 4.2%
Fiji 1.90 0.0% 8.0%
Finland 1.40 1.9% 3.9%
France 1.46 0.2% 0.3%
Georgia 2.39 0.2% 5.0%
Germany 1.28 0.7% 1.5%
Ghana 5.00 0.0% 3.8%
Greece 1.43 0.1% 3.6%
Grenada 3.30 0.0% 6.8%
Guatemala 6.04 -0.7% 1.6%
Honduras 22.15 0.0% 0.9%
Hong Kong 13.75 0.7% 0.4%
Hungary 404.70 0.7% 4.2%
Iceland 218.20 0.0% 3.3%
India 71.79 0.4% 4.1%
Indonesia 11066.70 0.0% 6.8%
Ireland 1.34 -2.2% 1.5%
Israel 6.28 0.0% 1.8%
Italy 1.51 0.0% 2.4%
Ivory Coast 610.00 0.0% 0.0%
Jamaica 164.44 0.4% 10.0%
Japan 126.90 -0.3% 4.5%
Jordan 0.63 0.0% 1.6%
Kenya 105.25 -0.1% 4.5%
Kuwait 0.12 0.0% 0.0%
Kyrgyzstan 44.80 0.0% 3.5%
Laos 8300.00 0.0% 0.0%
Latvia 1.20 -2.0% 5.9%
Lebanon 970.00 -0.5% 0.5%
Lithuania 1.07 0.4% 2.8%
Luxembourg 1.12 0.0% 0.9%
Macedonia 63.00 0.8% 0.0%
Malawi 890.90 0.0% 9.2%
Malaysia 2.18 0.0% 0.0%
Malta 1.23 0.0% 4.2%
Mauritius 40.00 0.0% 5.0%
Mayotte 1.29 0.0% 3.2%
Mexico 19.94 3.6% 4.8%
Moldova 16.77 0.0% 0.2%
Montenegro 1.26 0.0% 5.0%
Morocco 9.99 0.0% 0.4%
Nepal 95.00 2.2% 5.6%
Netherlands 1.36 0.4% 1.9%
New Zealand 1.64 0.6% 8.0%
Nicaragua 28.95 0.0% 0.0%
Norway 15.63 0.6% 2.1%
Oman 0.25 0.0% 0.0%
Pakistan 112.94 0.0% 14.4%
Panama 0.77 0.0% 1.7%
Peru 3.16 0.0% 3.6%
Philippines 44.80 0.6% 1.0%
Poland 4.99 0.0% 2.9%
Portugal 1.36 0.6% 0.9%
Qatar 2.05 0.0% 2.5%
Romania 5.71 0.2% 0.5%
Russia 43.99 -0.0% 4.9%
Rwanda 1093.00 0.0% 4.3%
Saint Lucia 3.07 0.0% 2.3%
Serbia 162.90 0.0% 3.4%
Sierra Leone 8000.00 0.0% 33.3%
Singapore 1.71 0.8% 4.3%
Slovakia 1.26 0.1% 1.9%
Slovenia 1.29 0.5% -0.8%
South Africa 16.04 0.0% 7.1%
South Korea 1420.23 0.1% 3.3%
Spain 1.23 0.2% 1.1%
Sri Lanka 118.00 0.0% 8.3%
Suriname 6.55 0.0% 5.2%
Sweden 16.01 0.6% 1.7%
Switzerland 1.74 0.6% 3.3%
Taiwan 27.15 0.0% 4.6%
Tanzania 2292.00 0.0% 6.9%
Thailand 28.91 -2.0% 0.1%
Tunisia 1.69 0.0% 4.7%
Turkey 6.27 9.8% 9.9%
Uganda 3750.00 0.0% 8.7%
Ukraine 27.32 0.4% 1.5%
United Arab Emirates 2.63 0.0% 2.7%
United Kingdom 1.32 0.1% 3.3%
Uruguay 40.40 0.0% 0.0%
USA 0.83 -0.2% 0.4%
Vietnam 17705.00 0.0% 2.5%
Zambia 12.01 0.0% 0.0%
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