Weekly global fuel price review (August 14, 2018)

During the past week, crude oil prices decreased slightly due to demand concerns. As a result, the world average price of gasoline went down to a level of 1.12 USD per liter. The world average diesel price also decreased to a level of 1.02 USD per liter.

The European average gasoline price was 1.54 USD per liter marking a 0.3% weekly increase. Gasoline prices also went up by 3.1% in Australia, In the USA and Canada, gasoline prices decreased by 0.2% and 0.1% respectively. The regional average prices of Asia, South America, and Africa remained unchanged compared to last week.

Looking at individual countries, the gasoline price changes varied from –2.1% (Finland) to 3.8% (Malta). There was an increase in 28 of the 111 reviewed countries, no change in 63 countries, and a decrease in 21 countries. Gasoline prices went down the most in Finland, Croatia, Belgium, and Denmark. Gasoline prices increased by more than 3% in Malta and Australia. The largest weekly fuel price change was observed in Malta where the regulated retail gasoline price was updated for the first time in more than a year.


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 0.0% 3.6% 1.05 0.0% 3.4%
Argentina 30.72 0.0% 9.9% 26.55 0.0% 15.1%
Aruba 2.17 1.1% 11.0% 1.85 -0.1% 12.2%
Australia 1.47 3.1% 0.1% 1.52 -0.2% 3.8%
Austria 1.29 0.4% 3.5% 1.23 0.2% 2.6%
Barbados 3.88 0.0% 14.1% 3.15 0.0% 20.7%
Belarus 1.38 0.7% 2.2% 1.38 0.7% 2.2%
Belgium 1.45 -1.6% 0.8% 1.47 -0.6% 3.8%
Bolivia 3.74 0.0% 0.0% 3.72 0.0% 0.0%
Brazil 4.46 -0.3% 5.6% 3.38 0.2% -3.4%
Bulgaria 2.22 0.3% 6.9% 2.22 0.3% 7.2%
Burma (Myanmar) 875.00 0.0% 5.4% 860.00 0.0% 4.9%
Cambodia 4185.71 0.0% -1.3% 3621.43 0.0% -2.9%
Cameroon 630.00 0.0% 0.0% 575.00 0.0% 0.0%
Canada 1.49 -0.1% -1.8% 1.29 0.0% -0.1%
Cape Verde 130.40 0.0% 4.7% 105.70 0.0% 4.1%
Cayman Islands 1.08 0.0% 3.0% 0.99 0.0% 4.3%
Chile 853.20 0.0% 6.2% 608.40 -0.3% 7.6%
China 7.57 0.0% 0.0% 6.76 0.0% 0.0%
Colombia 2346.38 0.0% 1.8% 2175.72 0.0% 1.9%
Costa Rica 677.00 0.0% 2.3% 555.00 0.0% 2.8%
Croatia 10.40 -1.8% 2.3% 9.89 -0.1% 3.4%
Cyprus 1.32 0.1% 3.6% 1.33 0.1% 2.8%
Czech Republic 33.31 0.0% 5.4% 32.47 -0.0% 5.7%
Denmark 12.16 -0.8% 2.6% 10.54 0.0% 1.0%
Dominican Republic 63.75 0.0% -0.4% 48.74 0.0% 0.5%
Egypt 7.75 0.0% 17.4% 5.50 0.0% 50.7%
El Salvador 0.99 -0.2% 0.3% 0.85 -0.1% 1.0%
Estonia 1.35 -0.7% 3.3% 1.30 -0.9% 3.8%
Fiji 2.18 0.0% 5.8% 1.90 0.0% 8.0%
Finland 1.54 -2.1% 2.2% 1.37 -2.3% 2.2%
France 1.54 -0.4% 1.7% 1.46 0.1% 1.7%
Georgia 2.41 0.0% 6.0% 2.39 0.0% 5.1%
Germany 1.45 1.0% 1.3% 1.27 0.7% 1.5%
Ghana 4.99 -0.4% 5.6% 5.00 -1.8% 3.8%
Greece 1.66 0.2% 4.5% 1.43 0.2% 4.7%
Grenada 3.51 0.0% 6.3% 3.30 0.0% 6.8%
Guatemala 7.44 1.7% 1.1% 6.09 1.6% 2.1%
Honduras 26.34 -0.2% 2.2% 22.15 -0.5% 2.2%
Hong Kong 16.69 0.0% 1.5% 13.65 0.0% 1.1%
Hungary 399.70 -0.5% 5.4% 401.70 -1.0% 4.0%
Iceland 226.80 0.0% 4.6% 218.20 0.0% 4.3%
India 80.58 0.3% 3.4% 71.51 0.5% 4.3%
Indonesia 9950.00 0.0% 7.4% 11066.70 0.0% 6.8%
Ireland 1.49 0.7% 6.4% 1.37 -2.1% 5.4%
Israel 6.78 0.0% 1.6% 6.28 0.0% 1.8%
Italy 1.63 0.1% 2.8% 1.51 0.1% 2.9%
Ivory Coast 610.00 0.0% 1.7% 610.00 0.0% 1.7%
Jamaica 169.40 -0.2% 7.2% 163.80 -0.0% 9.4%
Japan 148.90 -0.1% 4.2% 127.30 0.2% 5.4%
Jordan 1.06 0.0% 1.0% 0.63 0.0% 1.6%
Kenya 114.18 0.0% 4.9% 105.35 0.0% 5.4%
Kuwait 0.11 0.0% 0.0% 0.12 0.0% 0.0%
Kyrgyzstan 46.00 0.0% 2.9% 44.80 0.0% 4.2%
Laos 10400.00 0.0% 0.9% 8300.00 0.0% 0.0%
Latvia 1.30 1.6% 6.4% 1.23 1.7% 10.0%
Lebanon 1400.00 0.0% 3.3% 975.00 -0.5% 2.6%
Lithuania 1.15 1.2% 5.0% 1.07 1.2% 2.8%
Luxembourg 1.28 0.0% 3.5% 1.12 1.3% 3.6%
Macedonia 71.50 0.0% 2.1% 62.50 0.0% 0.8%
Malawi 888.00 0.0% 7.7% 890.90 0.0% 9.2%
Malaysia 2.20 0.0% 0.0% 2.18 0.0% 0.0%
Malta 1.36 3.8% 3.8% 1.23 4.2% 4.2%
Mauritius 49.65 0.0% 5.0% 40.00 0.0% 5.0%
Mayotte 1.55 0.0% 5.4% 1.29 0.0% 5.7%
Mexico 19.40 0.0% -2.9% 19.25 -0.2% 1.3%
Moldova 18.90 0.0% 0.5% 16.77 0.0% 0.2%
Montenegro 1.38 0.0% 8.7% 1.26 0.0% 5.0%
Morocco 11.46 0.0% 1.8% 9.99 0.0% 0.4%
Nepal 110.00 0.0% 1.9% 93.00 0.0% 3.3%
Netherlands 1.69 0.7% 3.0% 1.35 -1.0% 1.6%
New Zealand 2.36 0.9% 4.6% 1.63 1.7% 10.6%
Nicaragua 33.75 0.0% -0.6% 28.95 0.0% 0.0%
Norway 16.78 -0.6% 3.5% 15.54 -0.0% 3.2%
Oman 0.23 0.0% 1.4% 0.25 0.0% 0.0%
Pakistan 95.24 0.0% 8.6% 112.94 0.0% 14.4%
Panama 0.88 0.3% 4.4% 0.77 0.0% 6.9%
Peru 3.62 0.0% 2.0% 3.16 0.0% 8.0%
Philippines 56.25 -0.2% 1.0% 44.55 -0.2% -0.2%
Poland 5.08 -0.2% 4.1% 4.99 -0.6% 4.2%
Portugal 1.60 0.5% 3.6% 1.35 -0.4% 2.0%
Qatar 2.05 0.0% 2.5% 2.05 0.0% 2.5%
Romania 5.58 -0.3% 0.8% 5.70 -0.4% 1.9%
Russia 45.19 0.1% 6.6% 44.00 0.0% 7.1%
Rwanda 1109.00 0.0% 4.1% 1093.00 0.0% 4.3%
Saint Lucia 3.07 0.0% 4.4% 3.07 0.0% 5.5%
Serbia 153.20 0.0% 3.9% 162.90 0.0% 4.2%
Sierra Leone 8000.00 0.0% 33.3% 8000.00 0.0% 33.3%
Singapore 2.20 0.0% 3.6% 1.69 0.6% 6.6%
Slovakia 1.40 1.8% 3.4% 1.26 2.0% 3.0%
Slovenia 1.34 0.0% 0.8% 1.28 0.0% 0.6%
South Africa 15.74 0.0% 7.2% 16.04 0.0% 7.1%
South Korea 1618.15 0.1% 3.5% 1418.97 0.1% 4.2%
Spain 1.32 0.1% 3.0% 1.22 0.1% 2.8%
Sri Lanka 155.00 0.0% 21.1% 118.00 0.0% 24.2%
Suriname 6.97 0.0% 5.0% 6.55 0.1% 5.9%
Sweden 16.12 -0.6% 2.8% 15.91 0.3% 1.8%
Switzerland 1.65 0.3% 3.5% 1.73 0.5% 3.0%
Taiwan 30.56 0.0% 3.3% 27.15 0.0% 4.6%
Tanzania 2384.00 0.0% 7.0% 2292.00 0.0% 6.9%
Thailand 37.44 1.2% 4.5% 29.49 1.4% 4.2%
Tunisia 1.93 0.0% 4.1% 1.69 0.0% 4.7%
Turkey 6.28 0.1% 2.7% 5.71 0.0% 1.5%
Uganda 4100.00 0.0% 3.8% 3750.00 0.0% 8.7%
Ukraine 29.40 0.1% 1.0% 27.20 0.0% 1.2%
United Arab Emirates 2.46 0.0% 3.8% 2.63 0.0% 2.7%
United Kingdom 1.30 0.4% 4.2% 1.32 0.2% 4.2%
Uruguay 54.95 0.0% 9.0% 40.40 0.0% 0.0%
USA 0.83 -0.2% 2.0% 0.83 -0.1% 2.3%
Vietnam 21455.00 -0.1% 3.1% 17705.00 1.7% 4.8%
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 0.0% 3.6%
Argentina 30.72 0.0% 9.9%
Aruba 2.17 1.1% 11.0%
Australia 1.47 3.1% 0.1%
Austria 1.29 0.4% 3.5%
Barbados 3.88 0.0% 14.1%
Belarus 1.38 0.7% 2.2%
Belgium 1.45 -1.6% 0.8%
Bolivia 3.74 0.0% 0.0%
Brazil 4.46 -0.3% 5.6%
Bulgaria 2.22 0.3% 6.9%
Burma (Myanmar) 875.00 0.0% 5.4%
Cambodia 4185.71 0.0% -1.3%
Cameroon 630.00 0.0% 0.0%
Canada 1.49 -0.1% -1.8%
Cape Verde 130.40 0.0% 4.7%
Cayman Islands 1.08 0.0% 3.0%
Chile 853.20 0.0% 6.2%
China 7.57 0.0% 0.0%
Colombia 2346.38 0.0% 1.8%
Costa Rica 677.00 0.0% 2.3%
Croatia 10.40 -1.8% 2.3%
Cyprus 1.32 0.1% 3.6%
Czech Republic 33.31 0.0% 5.4%
Denmark 12.16 -0.8% 2.6%
Dominican Republic 63.75 0.0% -0.4%
Egypt 7.75 0.0% 17.4%
El Salvador 0.99 -0.2% 0.3%
Estonia 1.35 -0.7% 3.3%
Fiji 2.18 0.0% 5.8%
Finland 1.54 -2.1% 2.2%
France 1.54 -0.4% 1.7%
Georgia 2.41 0.0% 6.0%
Germany 1.45 1.0% 1.3%
Ghana 4.99 -0.4% 5.6%
Greece 1.66 0.2% 4.5%
Grenada 3.51 0.0% 6.3%
Guatemala 7.44 1.7% 1.1%
Honduras 26.34 -0.2% 2.2%
Hong Kong 16.69 0.0% 1.5%
Hungary 399.70 -0.5% 5.4%
Iceland 226.80 0.0% 4.6%
India 80.58 0.3% 3.4%
Indonesia 9950.00 0.0% 7.4%
Ireland 1.49 0.7% 6.4%
Israel 6.78 0.0% 1.6%
Italy 1.63 0.1% 2.8%
Ivory Coast 610.00 0.0% 1.7%
Jamaica 169.40 -0.2% 7.2%
Japan 148.90 -0.1% 4.2%
Jordan 1.06 0.0% 1.0%
Kenya 114.18 0.0% 4.9%
Kuwait 0.11 0.0% 0.0%
Kyrgyzstan 46.00 0.0% 2.9%
Laos 10400.00 0.0% 0.9%
Latvia 1.30 1.6% 6.4%
Lebanon 1400.00 0.0% 3.3%
Lithuania 1.15 1.2% 5.0%
Luxembourg 1.28 0.0% 3.5%
Macedonia 71.50 0.0% 2.1%
Malawi 888.00 0.0% 7.7%
Malaysia 2.20 0.0% 0.0%
Malta 1.36 3.8% 3.8%
Mauritius 49.65 0.0% 5.0%
Mayotte 1.55 0.0% 5.4%
Mexico 19.40 0.0% -2.9%
Moldova 18.90 0.0% 0.5%
Montenegro 1.38 0.0% 8.7%
Morocco 11.46 0.0% 1.8%
Nepal 110.00 0.0% 1.9%
Netherlands 1.69 0.7% 3.0%
New Zealand 2.36 0.9% 4.6%
Nicaragua 33.75 0.0% -0.6%
Norway 16.78 -0.6% 3.5%
Oman 0.23 0.0% 1.4%
Pakistan 95.24 0.0% 8.6%
Panama 0.88 0.3% 4.4%
Peru 3.62 0.0% 2.0%
Philippines 56.25 -0.2% 1.0%
Poland 5.08 -0.2% 4.1%
Portugal 1.60 0.5% 3.6%
Qatar 2.05 0.0% 2.5%
Romania 5.58 -0.3% 0.8%
Russia 45.19 0.1% 6.6%
Rwanda 1109.00 0.0% 4.1%
Saint Lucia 3.07 0.0% 4.4%
Serbia 153.20 0.0% 3.9%
Sierra Leone 8000.00 0.0% 33.3%
Singapore 2.20 0.0% 3.6%
Slovakia 1.40 1.8% 3.4%
Slovenia 1.34 0.0% 0.8%
South Africa 15.74 0.0% 7.2%
South Korea 1618.15 0.1% 3.5%
Spain 1.32 0.1% 3.0%
Sri Lanka 155.00 0.0% 21.1%
Suriname 6.97 0.0% 5.0%
Sweden 16.12 -0.6% 2.8%
Switzerland 1.65 0.3% 3.5%
Taiwan 30.56 0.0% 3.3%
Tanzania 2384.00 0.0% 7.0%
Thailand 37.44 1.2% 4.5%
Tunisia 1.93 0.0% 4.1%
Turkey 6.28 0.1% 2.7%
Uganda 4100.00 0.0% 3.8%
Ukraine 29.40 0.1% 1.0%
United Arab Emirates 2.46 0.0% 3.8%
United Kingdom 1.30 0.4% 4.2%
Uruguay 54.95 0.0% 9.0%
USA 0.83 -0.2% 2.0%
Vietnam 21455.00 -0.1% 3.1%
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 0.0% 3.4%
Argentina 26.55 0.0% 15.1%
Aruba 1.85 -0.1% 12.2%
Australia 1.52 -0.2% 3.8%
Austria 1.23 0.2% 2.6%
Barbados 3.15 0.0% 20.7%
Belarus 1.38 0.7% 2.2%
Belgium 1.47 -0.6% 3.8%
Bolivia 3.72 0.0% 0.0%
Brazil 3.38 0.2% -3.4%
Bulgaria 2.22 0.3% 7.2%
Burma (Myanmar) 860.00 0.0% 4.9%
Cambodia 3621.43 0.0% -2.9%
Cameroon 575.00 0.0% 0.0%
Canada 1.29 0.0% -0.1%
Cape Verde 105.70 0.0% 4.1%
Cayman Islands 0.99 0.0% 4.3%
Chile 608.40 -0.3% 7.6%
China 6.76 0.0% 0.0%
Colombia 2175.72 0.0% 1.9%
Costa Rica 555.00 0.0% 2.8%
Croatia 9.89 -0.1% 3.4%
Cyprus 1.33 0.1% 2.8%
Czech Republic 32.47 -0.0% 5.7%
Denmark 10.54 0.0% 1.0%
Dominican Republic 48.74 0.0% 0.5%
Egypt 5.50 0.0% 50.7%
El Salvador 0.85 -0.1% 1.0%
Estonia 1.30 -0.9% 3.8%
Fiji 1.90 0.0% 8.0%
Finland 1.37 -2.3% 2.2%
France 1.46 0.1% 1.7%
Georgia 2.39 0.0% 5.1%
Germany 1.27 0.7% 1.5%
Ghana 5.00 -1.8% 3.8%
Greece 1.43 0.2% 4.7%
Grenada 3.30 0.0% 6.8%
Guatemala 6.09 1.6% 2.1%
Honduras 22.15 -0.5% 2.2%
Hong Kong 13.65 0.0% 1.1%
Hungary 401.70 -1.0% 4.0%
Iceland 218.20 0.0% 4.3%
India 71.51 0.5% 4.3%
Indonesia 11066.70 0.0% 6.8%
Ireland 1.37 -2.1% 5.4%
Israel 6.28 0.0% 1.8%
Italy 1.51 0.1% 2.9%
Ivory Coast 610.00 0.0% 1.7%
Jamaica 163.80 -0.0% 9.4%
Japan 127.30 0.2% 5.4%
Jordan 0.63 0.0% 1.6%
Kenya 105.35 0.0% 5.4%
Kuwait 0.12 0.0% 0.0%
Kyrgyzstan 44.80 0.0% 4.2%
Laos 8300.00 0.0% 0.0%
Latvia 1.23 1.7% 10.0%
Lebanon 975.00 -0.5% 2.6%
Lithuania 1.07 1.2% 2.8%
Luxembourg 1.12 1.3% 3.6%
Macedonia 62.50 0.0% 0.8%
Malawi 890.90 0.0% 9.2%
Malaysia 2.18 0.0% 0.0%
Malta 1.23 4.2% 4.2%
Mauritius 40.00 0.0% 5.0%
Mayotte 1.29 0.0% 5.7%
Mexico 19.25 -0.2% 1.3%
Moldova 16.77 0.0% 0.2%
Montenegro 1.26 0.0% 5.0%
Morocco 9.99 0.0% 0.4%
Nepal 93.00 0.0% 3.3%
Netherlands 1.35 -1.0% 1.6%
New Zealand 1.63 1.7% 10.6%
Nicaragua 28.95 0.0% 0.0%
Norway 15.54 -0.0% 3.2%
Oman 0.25 0.0% 0.0%
Pakistan 112.94 0.0% 14.4%
Panama 0.77 0.0% 6.9%
Peru 3.16 0.0% 8.0%
Philippines 44.55 -0.2% -0.2%
Poland 4.99 -0.6% 4.2%
Portugal 1.35 -0.4% 2.0%
Qatar 2.05 0.0% 2.5%
Romania 5.70 -0.4% 1.9%
Russia 44.00 0.0% 7.1%
Rwanda 1093.00 0.0% 4.3%
Saint Lucia 3.07 0.0% 5.5%
Serbia 162.90 0.0% 4.2%
Sierra Leone 8000.00 0.0% 33.3%
Singapore 1.69 0.6% 6.6%
Slovakia 1.26 2.0% 3.0%
Slovenia 1.28 0.0% 0.6%
South Africa 16.04 0.0% 7.1%
South Korea 1418.97 0.1% 4.2%
Spain 1.22 0.1% 2.8%
Sri Lanka 118.00 0.0% 24.2%
Suriname 6.55 0.1% 5.9%
Sweden 15.91 0.3% 1.8%
Switzerland 1.73 0.5% 3.0%
Taiwan 27.15 0.0% 4.6%
Tanzania 2292.00 0.0% 6.9%
Thailand 29.49 1.4% 4.2%
Tunisia 1.69 0.0% 4.7%
Turkey 5.71 0.0% 1.5%
Uganda 3750.00 0.0% 8.7%
Ukraine 27.20 0.0% 1.2%
United Arab Emirates 2.63 0.0% 2.7%
United Kingdom 1.32 0.2% 4.2%
Uruguay 40.40 0.0% 0.0%
USA 0.83 -0.1% 2.3%
Vietnam 17705.00 1.7% 4.8%
Zambia 12.01 0.0% 0.0%
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