Weekly global fuel price review (March 12, 2019)
During the past week, the international crude oil prices marked a slight increase supported by restrictive measures on the supply side. Retail gasoline prices also went up. The world average price of gasoline reached a level of 1.04 USD per liter.
The European average gasoline price was 1.38 USD per liter marking a 0.3% increase compared with the previous week. Gasoline prices also went up by 1.6% in the USA and by 0.3% in South America. In Asia and Africa, gasoline prices decreased by 0.1%.
Looking at individual countries, the gasoline price changes varied from -2.7% (Australia) to 5.1% (Canada). There was an increase in 34 of the 112 reviewed countries, no change in 68 countries, and an increase in 10 countries. Gasoline became more than 1% cheaper in Tanzania, Lithuania, Kyrgyzstan, and Australia. Gasoline went up by more than 2% in El Salvador, Canada, Turkey, Mexico, and Sweden. The largest weekly petrol price change was observed in Canada where the national average price jumped amid the rising production costs.
The European average gasoline price was 1.38 USD per liter marking a 0.3% increase compared with the previous week. Gasoline prices also went up by 1.6% in the USA and by 0.3% in South America. In Asia and Africa, gasoline prices decreased by 0.1%.
Looking at individual countries, the gasoline price changes varied from -2.7% (Australia) to 5.1% (Canada). There was an increase in 34 of the 112 reviewed countries, no change in 68 countries, and an increase in 10 countries. Gasoline became more than 1% cheaper in Tanzania, Lithuania, Kyrgyzstan, and Australia. Gasoline went up by more than 2% in El Salvador, Canada, Turkey, Mexico, and Sweden. The largest weekly petrol price change was observed in Canada where the national average price jumped amid the rising production costs.
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% | 0.5% | 0.0% | -0.2% | ||||
| Argentina | -0.5% | 2.3% | 2.4% | 5.5% | ||||
| Aruba | 4.4% | -7.9% | 4.2% | -8.7% | ||||
| Australia | 3.1% | -3.8% | 0.7% | -2.3% | ||||
| Austria | 0.4% | -2.8% | -0.2% | -3.0% | ||||
| Barbados | 0.3% | -3.8% | 6.9% | -2.5% | ||||
| Belarus | 0.6% | 3.3% | 0.6% | 3.3% | ||||
| Belgium | 0.0% | 4.0% | -0.9% | 0.9% | ||||
| Bolivia | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Brazil | 1.8% | -4.7% | 1.6% | -2.9% | ||||
| Bulgaria | 0.4% | 0.2% | 0.1% | -1.5% | ||||
| Burma (Myanmar) | 8.1% | -0.6% | 7.2% | 0.0% | ||||
| Cambodia | 2.4% | 2.8% | -0.0% | -1.8% | ||||
| Cameroon | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Canada | 4.0% | 9.2% | 1.5% | -1.0% | ||||
| Cape Verde | 0.0% | -1.3% | 0.0% | -3.1% | ||||
| Cayman Islands | 0.0% | -9.8% | 0.0% | -4.6% | ||||
| Chile | 0.6% | -7.0% | 0.6% | -10.2% | ||||
| China | 0.0% | 1.8% | 0.0% | 1.8% | ||||
| Colombia | 0.0% | 0.2% | 0.0% | 1.7% | ||||
| Costa Rica | 0.0% | -8.8% | 0.0% | -10.4% | ||||
| Croatia | 0.4% | 7.6% | -0.4% | 4.2% | ||||
| Cyprus | 1.0% | -3.9% | 0.5% | -4.0% | ||||
| Czech Republic | 0.1% | -5.7% | 0.2% | -4.9% | ||||
| Denmark | 2.7% | 1.6% | 1.0% | -1.2% | ||||
| Dominican Republic | 2.6% | 7.5% | 0.0% | 3.6% | ||||
| Egypt | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| El Salvador | 0.0% | 2.5% | 0.0% | -1.3% | ||||
| Estonia | -0.9% | 1.7% | -0.1% | -0.4% | ||||
| Fiji | 0.0% | -6.7% | 0.0% | -4.1% | ||||
| Finland | 0.1% | 0.1% | -1.3% | -2.9% | ||||
| France | 0.7% | 2.4% | 0.0% | 2.8% | ||||
| Georgia | -1.4% | -6.8% | 0.0% | -3.5% | ||||
| Germany | 0.5% | -8.4% | -0.1% | -7.5% | ||||
| Ghana | 2.9% | 2.5% | 3.5% | 4.3% | ||||
| Greece | 1.3% | 2.5% | 0.4% | 0.7% | ||||
| Grenada | 3.8% | -8.3% | 2.4% | -4.9% | ||||
| Guatemala | 5.7% | 9.8% | 0.2% | 2.7% | ||||
| Honduras | 1.0% | 0.5% | 0.3% | -1.5% | ||||
| Hong Kong | 1.2% | 5.3% | 0.0% | 4.8% | ||||
| Hungary | 1.8% | 4.8% | -0.7% | -0.3% | ||||
| Iceland | 0.0% | 1.9% | 0.0% | 1.2% | ||||
| India | 0.4% | 3.5% | -0.8% | 3.3% | ||||
| Indonesia | 2.7% | -5.1% | 3.4% | 0.8% | ||||
| Ireland | 1.5% | -6.8% | 0.0% | -2.2% | ||||
| Israel | 0.0% | 1.8% | 0.0% | 1.9% | ||||
| Italy | 0.9% | -1.0% | 0.9% | -0.5% | ||||
| Ivory Coast | 0.8% | -4.7% | 0.8% | -0.8% | ||||
| Jamaica | 0.0% | 2.9% | 0.0% | 2.7% | ||||
| Japan | 0.6% | -2.9% | 0.9% | -2.5% | ||||
| Jordan | 0.0% | -2.6% | 0.0% | -0.8% | ||||
| Kenya | 1.3% | -14.1% | 0.7% | -14.3% | ||||
| Kuwait | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Kyrgyzstan | 0.0% | -8.7% | 0.0% | -2.4% | ||||
| Laos | -1.2% | -10.4% | 6.1% | -4.3% | ||||
| Latvia | 2.8% | -3.9% | 2.0% | -4.0% | ||||
| Lebanon | 3.9% | 0.4% | 3.4% | -2.1% | ||||
| Lithuania | 2.5% | 0.1% | 1.6% | -2.6% | ||||
| Luxembourg | 1.0% | 3.5% | 0.0% | 1.6% | ||||
| Macedonia | 2.3% | 7.3% | -0.8% | 3.4% | ||||
| Malawi | 0.0% | -12.3% | 0.0% | -11.8% | ||||
| Malaysia | 0.0% | -5.5% | 0.0% | 0.0% | ||||
| Malta | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Mauritius | 0.0% | -5.3% | 0.0% | -5.0% | ||||
| Mayotte | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Mexico | 0.2% | 0.7% | -0.7% | -1.5% | ||||
| Moldova | -2.9% | -2.9% | -1.0% | -1.0% | ||||
| Montenegro | 0.0% | -0.8% | 0.0% | -0.8% | ||||
| Namibia | 0.0% | -13.6% | 0.0% | -9.6% | ||||
| Nepal | 0.0% | -1.8% | 0.0% | -2.0% | ||||
| Netherlands | 0.7% | 4.6% | 0.7% | 2.5% | ||||
| New Zealand | 0.1% | 4.4% | 0.2% | 6.7% | ||||
| Nicaragua | 2.6% | 6.1% | 0.1% | 0.8% | ||||
| Norway | -0.2% | 1.6% | 0.0% | -0.4% | ||||
| Oman | 0.0% | -6.3% | 0.0% | -5.2% | ||||
| Pakistan | 0.0% | -3.1% | 0.0% | 0.4% | ||||
| Panama | 5.2% | 4.4% | 0.0% | -2.1% | ||||
| Peru | 0.4% | -2.9% | 0.8% | -3.9% | ||||
| Philippines | 1.7% | 7.8% | 0.0% | 13.3% | ||||
| Poland | 1.1% | -2.9% | 1.2% | -1.9% | ||||
| Portugal | 0.9% | 2.5% | 0.0% | 6.1% | ||||
| Qatar | 0.0% | -13.5% | 0.0% | -7.5% | ||||
| Romania | 0.0% | 6.1% | 0.0% | 6.4% | ||||
| Russia | 0.0% | 0.0% | 0.0% | 1.7% | ||||
| Rwanda | 0.0% | -10.5% | 0.0% | -9.5% | ||||
| Saint Lucia | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Serbia | 0.7% | -1.4% | -1.5% | 0.3% | ||||
| Sierra Leone | 0.0% | -12.5% | 0.0% | -6.3% | ||||
| Singapore | 1.4% | 1.4% | 0.5% | 6.3% | ||||
| Slovakia | 0.2% | 2.1% | 0.1% | 2.0% | ||||
| Slovenia | 1.6% | 3.3% | 0.2% | 0.0% | ||||
| South Africa | 0.0% | -7.8% | 0.0% | -9.3% | ||||
| South Korea | 1.2% | -5.7% | 1.3% | -5.3% | ||||
| Spain | 0.2% | 3.8% | 0.1% | 5.2% | ||||
| Sri Lanka | 4.6% | 0.0% | 1.0% | -1.9% | ||||
| Suriname | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Sweden | -1.0% | 5.0% | -0.6% | 3.7% | ||||
| Switzerland | 0.0% | -5.1% | 0.0% | -5.9% | ||||
| Taiwan | 1.1% | 1.4% | 1.6% | 7.5% | ||||
| Tanzania | 0.0% | -13.9% | 0.0% | -12.5% | ||||
| Thailand | 2.5% | 4.2% | -1.4% | 0.7% | ||||
| Tunisia | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Turkey | 0.0% | 7.3% | 0.0% | 6.5% | ||||
| Uganda | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Ukraine | 0.0% | -7.4% | 0.0% | -7.0% | ||||
| United Arab Emirates | 0.0% | -10.7% | 0.0% | -7.7% | ||||
| United Kingdom | 0.3% | -1.2% | 0.2% | -1.1% | ||||
| Uruguay | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| USA | 2.2% | 3.1% | 0.3% | -2.9% | ||||
| Vietnam | 0.0% | 0.5% | 0.0% | -2.4% | ||||
| Zambia | 0.0% | -5.4% | 0.0% | -8.3% | ||||
