Weekly global fuel price review (February 20, 2018)

After a large drop in the first half of February, crude oil prices experienced a slight increase during the past week and the WTI price went back above 60 USD per barrel. The world average prices of gasoline and diesel remained stable at levels of 1.13 and 1.03 USD per liter respectively.

The European average gasoline price was 1.56 USD per liter marking a 1% weekly decrease. Gasoline prices also went down by 0.6% in Asia and by 0.3% in Africa. In the USA and Canada, the weekly gasoline price decrease was above 1%. The regional average gasoline price of South America remained unchanged compared to the previous week while in Australia, gasoline prices went up by 0.7%.

Looking at individual countries, the gasoline price changes varied from -4.3% (Malaysia) to 4% (Aruba). There was a decrease in 50 of the 108 reviewed countries, no change in 52 countries, and an increase in only 6 countries. Gasoline prices went up in Aruba, Ghana, Kenya, Argentina, Australia, and Bulgaria. Gasoline prices decreased by more than 3% in Nicaragua, Malaysia, and Macedonia. The largest weekly fuel price change was observed in Malaysia where the local Trade Ministry announced more than 4% reduction of the weekly adjusted retail fuel 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.


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% 17.5% 23.06 0.0% 12.9%
Andorra 1.11 -1.8% 1.0% 0.97 -1.6% 0.2%
Argentina 26.19 1.3% 20.5% 22.35 -1.5% 15.1%
Aruba 1.94 4.0% 5.8% 1.68 4.0% 8.2%
Australia 1.35 0.7% 2.1% 1.39 0.0% 4.8%
Austria 1.20 -0.3% -1.7% 1.13 -0.6% -1.7%
Barbados 3.29 0.0% 3.1% 2.63 0.0% 4.4%
Belarus 1.29 0.0% 1.6% 1.31 0.0% 1.6%
Belgium 1.36 -1.7% -4.4% 1.32 0.0% -0.9%
Bolivia 3.74 0.0% 0.0% 3.72 0.0% 0.0%
Brazil 4.21 -0.2% 7.0% 3.39 -0.2% 4.5%
Bulgaria 2.07 0.2% 3.6% 2.08 -0.4% 4.4%
Cambodia 4107.14 0.0% 6.9% 3578.57 0.0% 9.2%
Canada 1.34 -1.8% -3.0% 1.26 -0.4% 4.7%
Cape Verde 119.65 0.0% 3.4% 97.10 0.0% 5.9%
Cayman Islands 1.01 0.0% -1.7% 0.92 0.0% -2.1%
Chile 803.20 -0.5% 4.0% 552.40 -0.9% 5.1%
China 7.40 0.0% 6.1% 6.60 0.0% 6.7%
Colombia 2306.99 0.0% 3.1% 2138.94 0.0% 3.5%
Costa Rica 629.00 0.0% 4.0% 537.00 0.0% 4.7%
Croatia 9.47 -1.7% -3.9% 8.88 -1.7% -3.5%
Cyprus 1.24 -0.4% 2.2% 1.25 -0.6% 1.5%
Czech Republic 30.76 -0.7% 0.4% 29.89 -0.6% 0.6%
Denmark 10.97 -1.8% -4.4% 9.37 -1.1% -3.1%
Dominican Republic 61.10 0.0% 2.4% 45.57 0.0% 4.2%
Egypt 6.60 0.0% 0.0% 3.65 0.0% 0.0%
El Salvador 0.94 0.0% 10.5% 0.80 0.0% 11.6%
Estonia 1.27 -1.5% 4.0% 1.24 -1.7% 1.9%
Fiji 2.03 0.0% 7.4% 1.71 0.0% 10.3%
Finland 1.43 -0.4% -2.0% 1.31 -0.4% -1.0%
France 1.46 -2.8% 2.3% 1.35 -1.4% 4.5%
Georgia 2.28 -0.1% 3.3% 2.26 0.0% 10.9%
Germany 1.37 -0.2% -0.7% 1.16 -0.3% -2.9%
Ghana 4.84 3.2% 12.2% 4.59 -1.7% 8.4%
Greece 1.54 -1.0% -0.4% 1.32 -1.1% 0.7%
Guatemala 6.87 0.0% 3.3% 5.65 0.0% 4.1%
Honduras 24.15 0.0% -0.5% 20.20 0.0% 1.5%
Hong Kong 15.79 -0.9% 0.6% 12.75 -1.2% 3.2%
Hungary 355.00 -2.9% -2.6% 359.30 -2.6% -2.5%
Iceland 210.80 0.0% 3.4% 203.20 0.0% 3.8%
India 75.04 -1.6% 3.0% 64.81 -1.9% 7.2%
Indonesia 9083.33 0.0% 6.0% 10116.70 0.0% 11.0%
Ireland 1.38 -0.7% -0.7% 1.28 -0.8% 1.6%
Israel 6.50 0.0% 3.8% 6.00 0.0% 4.2%
Italy 1.57 -0.2% 2.4% 1.44 -0.3% 2.9%
Ivory Coast 595.00 0.0% 2.6% 595.00 0.0% 2.6%
Jamaica 152.69 0.0% 2.3% 147.56 0.0% 4.3%
Japan 141.90 -0.2% 5.3% 118.90 -0.2% 6.4%
Jordan 1.00 0.0% 9.9% 0.57 0.0% 8.7%
Kenya 109.92 1.5% 6.0% 99.06 2.2% 9.1%
Kuwait 0.11 0.0% 0.0% 0.12 0.0% 4.5%
Kyrgyzstan 44.40 0.0% 4.5% 42.00 0.0% 10.5%
Laos 10010.00 0.0% 8.7% 7900.00 0.0% 10.0%
Latvia 1.24 -0.1% 8.6% 1.14 0.0% 10.3%
Lebanon 1315.00 -0.4% 9.6% 905.00 -1.1% 11.7%
Lithuania 1.13 -0.8% -1.0% 1.04 -1.0% 0.8%
Luxembourg 1.15 -2.3% -5.8% 0.99 -2.3% -4.7%
Macedonia 65.50 -3.7% -1.5% 57.00 -4.2% 5.6%
Malawi 824.70 0.0% 0.0% 815.80 0.0% 0.0%
Malaysia 2.23 -4.3% -3.5% 2.29 -0.9% -0.4%
Malta 1.31 0.0% 0.0% 1.18 0.0% 0.0%
Mauritius 47.30 0.0% 5.3% 38.10 0.0% 7.8%
Mayotte 1.47 0.0% 2.8% 1.23 0.0% 5.1%
Mexico 18.99 -0.3% 5.8% 18.42 1.8% 7.9%
Moldova 18.51 0.0% 8.8% 16.38 0.0% 8.0%
Montenegro 1.30 0.0% 5.7% 1.20 0.0% 8.1%
Morocco 11.65 -2.1% 8.5% 9.80 -2.0% 4.6%
Nepal 104.00 0.0% 6.1% 83.00 0.0% 12.2%
Netherlands 1.57 -1.6% -0.6% 1.25 -2.3% -0.8%
New Zealand 2.16 -0.5% -2.6% 1.40 -2.1% -4.7%
Nicaragua 30.85 -3.1% 0.7% 25.88 -3.8% 0.2%
Norway 15.71 -1.1% -4.1% 14.64 -0.6% -3.9%
Oman 0.22 0.0% 8.5% 0.24 0.0% 14.6%
Pakistan 84.51 0.0% 11.2% 95.83 0.0% 12.9%
Panama 0.82 0.0% 2.0% 0.74 0.0% 9.5%
Peru 3.56 -0.7% 4.2% 2.93 -0.2% 5.0%
Philippines 50.10 -2.3% 2.6% 38.60 -2.7% 9.2%
Poland 4.64 -0.4% -0.2% 4.52 -0.7% -0.7%
Portugal 1.49 -1.3% -1.7% 1.28 -1.5% -0.5%
Qatar 1.90 0.0% 8.6% 1.85 0.0% 12.1%
Romania 5.22 -1.4% -1.0% 5.24 -1.4% -0.8%
Russia 41.20 0.0% 1.8% 39.29 0.0% 2.3%
Rwanda 1042.00 0.0% 1.1% 1005.00 0.0% 1.1%
Saint Lucia 2.80 0.0% 0.0% 2.80 0.0% 2.2%
Serbia 143.70 0.0% 1.3% 151.90 0.0% 2.0%
Sierra Leone 6000.00 0.0% 0.0% 6000.00 0.0% 0.0%
Singapore 2.09 -0.9% -1.4% 1.55 -0.6% 2.5%
Slovakia 1.32 -1.3% 2.1% 1.19 -1.0% 2.4%
Slovenia 1.30 0.0% 1.6% 1.24 0.0% 0.6%
South Africa 13.88 0.0% 0.5% 14.25 0.0% 2.0%
South Korea 1565.67 0.0% 3.1% 1361.50 0.0% 3.9%
Spain 1.22 -1.2% -1.6% 1.13 -1.3% -0.9%
Sri Lanka 128.00 0.0% 0.0% 95.00 0.0% 0.0%
Suriname 6.51 0.0% 4.9% 6.23 0.0% 9.3%
Sweden 14.27 -1.7% -2.5% 14.16 -1.0% -1.8%
Switzerland 1.55 -0.1% 2.1% 1.61 -0.6% 2.1%
Taiwan 27.79 -2.1% 2.2% 24.14 -2.5% 3.0%
Tanzania 2226.00 0.0% 5.1% 2065.00 0.0% 5.7%
Thailand 34.32 -2.6% -3.4% 26.19 -3.7% -0.8%
Turkey 5.56 -1.8% -1.4% 5.01 -3.1% -1.3%
Uganda 3650.00 0.0% 2.8% 3050.00 0.0% 0.0%
Ukraine 29.90 -1.2% 8.8% 27.72 -1.2% 9.7%
United Arab Emirates 2.25 0.0% 17.2% 2.49 0.0% 18.0%
United Kingdom 1.21 -0.7% 0.7% 1.23 -0.9% 0.8%
Uruguay 50.40 0.0% 9.8% 40.40 0.0% 4.9%
USA 0.75 -1.5% -0.5% 0.78 -0.8% 5.0%
Vietnam 20682.50 0.0% 8.1% 16105.00 0.0% 9.1%
Zambia 13.75 0.0% 6.0% 12.01 0.0% 8.3%




Changes in fuel prices, in local currencies

Countries Gasoline
Current price
local currency
Change
one week
Change
three months
Algeria 41.97 0.0% 17.5%
Andorra 1.11 -1.8% 1.0%
Argentina 26.19 1.3% 20.5%
Aruba 1.94 4.0% 5.8%
Australia 1.35 0.7% 2.1%
Austria 1.20 -0.3% -1.7%
Barbados 3.29 0.0% 3.1%
Belarus 1.29 0.0% 1.6%
Belgium 1.36 -1.7% -4.4%
Bolivia 3.74 0.0% 0.0%
Brazil 4.21 -0.2% 7.0%
Bulgaria 2.07 0.2% 3.6%
Cambodia 4107.14 0.0% 6.9%
Canada 1.34 -1.8% -3.0%
Cape Verde 119.65 0.0% 3.4%
Cayman Islands 1.01 0.0% -1.7%
Chile 803.20 -0.5% 4.0%
China 7.40 0.0% 6.1%
Colombia 2306.99 0.0% 3.1%
Costa Rica 629.00 0.0% 4.0%
Croatia 9.47 -1.7% -3.9%
Cyprus 1.24 -0.4% 2.2%
Czech Republic 30.76 -0.7% 0.4%
Denmark 10.97 -1.8% -4.4%
Dominican Republic 61.10 0.0% 2.4%
Egypt 6.60 0.0% 0.0%
El Salvador 0.94 0.0% 10.5%
Estonia 1.27 -1.5% 4.0%
Fiji 2.03 0.0% 7.4%
Finland 1.43 -0.4% -2.0%
France 1.46 -2.8% 2.3%
Georgia 2.28 -0.1% 3.3%
Germany 1.37 -0.2% -0.7%
Ghana 4.84 3.2% 12.2%
Greece 1.54 -1.0% -0.4%
Guatemala 6.87 0.0% 3.3%
Honduras 24.15 0.0% -0.5%
Hong Kong 15.79 -0.9% 0.6%
Hungary 355.00 -2.9% -2.6%
Iceland 210.80 0.0% 3.4%
India 75.04 -1.6% 3.0%
Indonesia 9083.33 0.0% 6.0%
Ireland 1.38 -0.7% -0.7%
Israel 6.50 0.0% 3.8%
Italy 1.57 -0.2% 2.4%
Ivory Coast 595.00 0.0% 2.6%
Jamaica 152.69 0.0% 2.3%
Japan 141.90 -0.2% 5.3%
Jordan 1.00 0.0% 9.9%
Kenya 109.92 1.5% 6.0%
Kuwait 0.11 0.0% 0.0%
Kyrgyzstan 44.40 0.0% 4.5%
Laos 10010.00 0.0% 8.7%
Latvia 1.24 -0.1% 8.6%
Lebanon 1315.00 -0.4% 9.6%
Lithuania 1.13 -0.8% -1.0%
Luxembourg 1.15 -2.3% -5.8%
Macedonia 65.50 -3.7% -1.5%
Malawi 824.70 0.0% 0.0%
Malaysia 2.23 -4.3% -3.5%
Malta 1.31 0.0% 0.0%
Mauritius 47.30 0.0% 5.3%
Mayotte 1.47 0.0% 2.8%
Mexico 18.99 -0.3% 5.8%
Moldova 18.51 0.0% 8.8%
Montenegro 1.30 0.0% 5.7%
Morocco 11.65 -2.1% 8.5%
Nepal 104.00 0.0% 6.1%
Netherlands 1.57 -1.6% -0.6%
New Zealand 2.16 -0.5% -2.6%
Nicaragua 30.85 -3.1% 0.7%
Norway 15.71 -1.1% -4.1%
Oman 0.22 0.0% 8.5%
Pakistan 84.51 0.0% 11.2%
Panama 0.82 0.0% 2.0%
Peru 3.56 -0.7% 4.2%
Philippines 50.10 -2.3% 2.6%
Poland 4.64 -0.4% -0.2%
Portugal 1.49 -1.3% -1.7%
Qatar 1.90 0.0% 8.6%
Romania 5.22 -1.4% -1.0%
Russia 41.20 0.0% 1.8%
Rwanda 1042.00 0.0% 1.1%
Saint Lucia 2.80 0.0% 0.0%
Serbia 143.70 0.0% 1.3%
Sierra Leone 6000.00 0.0% 0.0%
Singapore 2.09 -0.9% -1.4%
Slovakia 1.32 -1.3% 2.1%
Slovenia 1.30 0.0% 1.6%
South Africa 13.88 0.0% 0.5%
South Korea 1565.67 0.0% 3.1%
Spain 1.22 -1.2% -1.6%
Sri Lanka 128.00 0.0% 0.0%
Suriname 6.51 0.0% 4.9%
Sweden 14.27 -1.7% -2.5%
Switzerland 1.55 -0.1% 2.1%
Taiwan 27.79 -2.1% 2.2%
Tanzania 2226.00 0.0% 5.1%
Thailand 34.32 -2.6% -3.4%
Turkey 5.56 -1.8% -1.4%
Uganda 3650.00 0.0% 2.8%
Ukraine 29.90 -1.2% 8.8%
United Arab Emirates 2.25 0.0% 17.2%
United Kingdom 1.21 -0.7% 0.7%
Uruguay 50.40 0.0% 9.8%
USA 0.75 -1.5% -0.5%
Vietnam 20682.50 0.0% 8.1%
Zambia 13.75 0.0% 6.0%




Countries Diesel
Current price
local currency
Change
one week
Change
three months
Algeria 23.06 0.0% 12.9%
Andorra 0.97 -1.6% 0.2%
Argentina 22.35 -1.5% 15.1%
Aruba 1.68 4.0% 8.2%
Australia 1.39 0.0% 4.8%
Austria 1.13 -0.6% -1.7%
Barbados 2.63 0.0% 4.4%
Belarus 1.31 0.0% 1.6%
Belgium 1.32 0.0% -0.9%
Bolivia 3.72 0.0% 0.0%
Brazil 3.39 -0.2% 4.5%
Bulgaria 2.08 -0.4% 4.4%
Cambodia 3578.57 0.0% 9.2%
Canada 1.26 -0.4% 4.7%
Cape Verde 97.10 0.0% 5.9%
Cayman Islands 0.92 0.0% -2.1%
Chile 552.40 -0.9% 5.1%
China 6.60 0.0% 6.7%
Colombia 2138.94 0.0% 3.5%
Costa Rica 537.00 0.0% 4.7%
Croatia 8.88 -1.7% -3.5%
Cyprus 1.25 -0.6% 1.5%
Czech Republic 29.89 -0.6% 0.6%
Denmark 9.37 -1.1% -3.1%
Dominican Republic 45.57 0.0% 4.2%
Egypt 3.65 0.0% 0.0%
El Salvador 0.80 0.0% 11.6%
Estonia 1.24 -1.7% 1.9%
Fiji 1.71 0.0% 10.3%
Finland 1.31 -0.4% -1.0%
France 1.35 -1.4% 4.5%
Georgia 2.26 0.0% 10.9%
Germany 1.16 -0.3% -2.9%
Ghana 4.59 -1.7% 8.4%
Greece 1.32 -1.1% 0.7%
Guatemala 5.65 0.0% 4.1%
Honduras 20.20 0.0% 1.5%
Hong Kong 12.75 -1.2% 3.2%
Hungary 359.30 -2.6% -2.5%
Iceland 203.20 0.0% 3.8%
India 64.81 -1.9% 7.2%
Indonesia 10116.70 0.0% 11.0%
Ireland 1.28 -0.8% 1.6%
Israel 6.00 0.0% 4.2%
Italy 1.44 -0.3% 2.9%
Ivory Coast 595.00 0.0% 2.6%
Jamaica 147.56 0.0% 4.3%
Japan 118.90 -0.2% 6.4%
Jordan 0.57 0.0% 8.7%
Kenya 99.06 2.2% 9.1%
Kuwait 0.12 0.0% 4.5%
Kyrgyzstan 42.00 0.0% 10.5%
Laos 7900.00 0.0% 10.0%
Latvia 1.14 0.0% 10.3%
Lebanon 905.00 -1.1% 11.7%
Lithuania 1.04 -1.0% 0.8%
Luxembourg 0.99 -2.3% -4.7%
Macedonia 57.00 -4.2% 5.6%
Malawi 815.80 0.0% 0.0%
Malaysia 2.29 -0.9% -0.4%
Malta 1.18 0.0% 0.0%
Mauritius 38.10 0.0% 7.8%
Mayotte 1.23 0.0% 5.1%
Mexico 18.42 1.8% 7.9%
Moldova 16.38 0.0% 8.0%
Montenegro 1.20 0.0% 8.1%
Morocco 9.80 -2.0% 4.6%
Nepal 83.00 0.0% 12.2%
Netherlands 1.25 -2.3% -0.8%
New Zealand 1.40 -2.1% -4.7%
Nicaragua 25.88 -3.8% 0.2%
Norway 14.64 -0.6% -3.9%
Oman 0.24 0.0% 14.6%
Pakistan 95.83 0.0% 12.9%
Panama 0.74 0.0% 9.5%
Peru 2.93 -0.2% 5.0%
Philippines 38.60 -2.7% 9.2%
Poland 4.52 -0.7% -0.7%
Portugal 1.28 -1.5% -0.5%
Qatar 1.85 0.0% 12.1%
Romania 5.24 -1.4% -0.8%
Russia 39.29 0.0% 2.3%
Rwanda 1005.00 0.0% 1.1%
Saint Lucia 2.80 0.0% 2.2%
Serbia 151.90 0.0% 2.0%
Sierra Leone 6000.00 0.0% 0.0%
Singapore 1.55 -0.6% 2.5%
Slovakia 1.19 -1.0% 2.4%
Slovenia 1.24 0.0% 0.6%
South Africa 14.25 0.0% 2.0%
South Korea 1361.50 0.0% 3.9%
Spain 1.13 -1.3% -0.9%
Sri Lanka 95.00 0.0% 0.0%
Suriname 6.23 0.0% 9.3%
Sweden 14.16 -1.0% -1.8%
Switzerland 1.61 -0.6% 2.1%
Taiwan 24.14 -2.5% 3.0%
Tanzania 2065.00 0.0% 5.7%
Thailand 26.19 -3.7% -0.8%
Turkey 5.01 -3.1% -1.3%
Uganda 3050.00 0.0% 0.0%
Ukraine 27.72 -1.2% 9.7%
United Arab Emirates 2.49 0.0% 18.0%
United Kingdom 1.23 -0.9% 0.8%
Uruguay 40.40 0.0% 4.9%
USA 0.78 -0.8% 5.0%
Vietnam 16105.00 0.0% 9.1%
Zambia 12.01 0.0% 8.3%
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