Weekly global fuel price review, October 15, 2019

During the past week, oil prices continued to come down from the sharp increase following the attack on Saudi Arabia. The effect of this volatility on retail fuel prices has been minimal. The world average prices of gasoline and diesel continue to hover around 1.07 USD and 1.00 USD per liter respectively.

Looking at individual countries, fuel prices have been quite stable as well. The changes since last week are generally in the range of about 2% percent up or down. Luxembourg, Montenegro, and Turkey are exceptions where gasoline prices declined by over 3% in line with the decline in oil prices.


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.


Percent change in fuel prices since last week


Countries
Gasoline price
change
one week
Gasoline price
change
three months
Diesel price   
change
one week
Diesel price   
change
three months
Algeria 0.0% 0.0% 0.0% 0.0%
Andorra 0.2% 0.5% -0.3% 2.1%
Argentina 0.0% 4.6% 0.0% 4.5%
Aruba 0.0% -2.4% 0.0% -6.6%
Australia -4.3% 4.0% -2.6% 1.5%
Austria -0.7% -2.4% -0.3% -0.1%
Barbados 0.0% -5.4% 0.0% -0.3%
Belarus 0.0% 0.6% 0.0% 0.6%
Belgium -1.1% -2.6% 1.4% 1.1%
Bolivia 0.0% 0.0% 0.0% 0.0%
Brazil 0.2% -0.4% 0.4% 4.2%
Bulgaria 0.2% 0.2% 0.1% 0.8%
Burma (Myanmar) 0.0% -1.7% 0.0% -3.3%
Cambodia 0.0% 5.7% 0.0% 5.7%
Cameroon 0.0% 0.0% 0.0% 0.0%
Canada 0.6% -3.8% 0.6% 3.2%
Cape Verde 0.0% 0.0% 0.0% 0.0%
Cayman Islands 0.0% 0.8% 0.0% 0.0%
Chile 0.0% 2.6% 0.0% 3.1%
China 0.0% 1.1% 0.0% 1.3%
Colombia 0.0% 1.6% 0.0% 2.4%
Costa Rica 0.0% -6.5% 0.0% 1.1%
Croatia -0.7% -2.1% 0.5% 2.0%
Cyprus -0.3% 0.1% -0.4% 2.6%
Czech Republic -0.2% -1.6% -0.2% -0.4%
Denmark -1.7% 1.3% 0.0% 5.1%
Dominican Republic 0.0% -0.4% 0.0% 2.5%
Egypt 0.0% -2.8% 0.0% 0.0%
El Salvador 0.0% -3.0% 0.0% 2.2%
Estonia 0.2% -0.9% 0.2% 0.0%
Fiji 0.0% 5.5% 0.0% 1.6%
Finland -1.5% -1.5% -1.9% 2.7%
France -0.1% -0.7% 0.1% 0.1%
Georgia 0.0% 6.1% 0.0% 6.9%
Germany 0.1% -4.2% -0.5% 0.6%
Ghana 0.0% -0.6% 0.0% -1.9%
Greece -1.1% -1.1% -0.9% 0.2%
Grenada 0.0% 0.0% 0.0% 0.0%
Guatemala -2.8% -4.7% -1.7% -0.0%
Honduras 2.4% 0.3% 2.7% 3.1%
Hong Kong 1.4% 4.1% 0.0% 2.1%
Hungary -0.7% -0.1% -1.4% 3.0%
Iceland 0.0% -0.4% 0.0% 0.5%
India -0.6% 4.6% -0.7% 4.1%
Indonesia 0.0% -4.0% 0.0% -2.4%
Ireland 0.0% -1.7% 0.3% -2.1%
Israel 0.0% -1.1% 0.0% -1.2%
Italy -0.4% -0.7% -0.4% -0.5%
Ivory Coast 0.0% 0.0% 0.0% 0.0%
Jamaica 0.0% 5.9% 0.0% 6.7%
Japan -0.7% 1.4% -0.6% 1.0%
Jordan 0.0% 3.6% 0.0% 2.5%
Kenya 0.0% -2.1% 0.0% -4.0%
Kuwait 0.0% 0.0% 0.0% 0.0%
Kyrgyzstan 0.0% 0.0% 0.0% 0.0%
Laos 0.0% 0.0% 0.0% 0.0%
Latvia -1.8% -2.6% -1.9% 0.6%
Lebanon 0.0% -2.8% 0.0% 1.2%
Lithuania -0.5% -2.1% -0.1% 1.4%
Luxembourg -4.0% -2.8% -1.7% 2.7%
Macedonia -1.5% -2.2% -1.6% 1.6%
Malawi 0.0% 0.0% 0.0% 0.0%
Malaysia 0.0% 0.0% 0.0% 0.0%
Malta 0.0% 3.7% 0.0% 4.1%
Mauritius 0.0% 0.0% 0.0% 0.0%
Mayotte 0.0% 0.6% 0.0% 1.5%
Mexico -6.9% -6.7% -0.1% 0.8%
Moldova 0.0% -1.8% 0.0% -2.9%
Montenegro -3.7% 1.6% 4.1% 0.8%
Namibia 0.0% 0.0% 0.0% 0.0%
Nepal 0.0% -0.9% 0.0% -1.6%
Netherlands -1.1% 0.0% -1.9% 1.8%
New Zealand 1.7% 8.6% -1.7% 1.3%
Nicaragua 0.6% -1.2% -1.1% 2.5%
Norway -0.2% 0.7% -0.7% 3.7%
Oman 0.0% 0.9% 0.0% 0.0%
Pakistan 0.0% 0.5% 0.0% 0.3%
Panama 0.0% 0.6% 0.0% 6.6%
Peru -1.7% -5.1% 0.0% -1.3%
Philippines -3.1% 1.1% -2.9% 5.1%
Poland 0.0% -3.9% -0.4% -2.2%
Portugal -0.4% -1.3% -0.6% 1.7%
Qatar 0.0% 5.7% 0.0% 0.0%
Romania -0.9% 1.1% -0.8% 2.7%
Russia 0.2% -0.4% 0.2% -0.2%
Rwanda 0.0% -2.6% 0.0% -2.4%
Saint Lucia 0.0% 0.0% 0.0% -3.9%
Serbia 0.0% -0.3% -0.3% 0.9%
Sierra Leone 0.0% 21.4% 0.0% 13.3%
Singapore 0.2% 2.0% 0.0% 2.2%
Slovakia 0.5% -0.1% 1.3% 2.9%
Slovenia 0.0% 0.2% 0.0% 2.4%
South Africa 0.0% 1.2% 0.0% 2.3%
South Korea -0.1% 3.4% -0.2% 2.6%
Spain 0.1% 0.3% 0.1% 1.4%
Sri Lanka 0.0% -1.8% 0.0% 0.0%
Suriname 0.0% 0.0% 0.0% 0.0%
Sweden -2.5% -2.2% -2.7% 3.2%
Switzerland -1.0% -2.3% -1.0% -3.5%
Taiwan -0.4% -3.5% -0.4% -4.4%
Tanzania 0.0% -8.5% 0.0% -5.1%
Thailand 0.0% -2.0% 0.0% -2.3%
Tunisia 0.0% 0.0% 0.0% 0.0%
Turkey -3.5% 0.4% -1.1% -0.5%
Uganda 0.0% -0.8% 0.0% 0.8%
Ukraine 0.0% -2.1% -0.0% -2.2%
United Arab Emirates 0.0% -2.8% 0.0% 2.6%
United Kingdom 0.0% 0.3% 0.0% 0.2%
Uruguay 0.0% 0.0% 0.0% 0.0%
USA -0.3% -2.7% -0.1% -0.2%
Vietnam 0.0% 4.5% -0.1% -0.2%
Zambia 0.0% 5.1% 0.0% 6.0%




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