Weekly global fuel price review (December 4, 2018)

During the past week, crude oil prices marked an eighth consecutive weekly decline. As a result, the world average prices of gasoline and diesel also went down to levels of 1.06 USD and 1.02 USD per liter respectively.

The European average gasoline price was 1.53 USD per liter marking 1.3% weekly decrease. Gasoline prices also went down by 1.9% in Africa and by 1.4% in South America. In Australia, Asia, Canada, and the USA, gasoline prices decreased by more than 2%.

Looking at individual countries, the gasoline price changes varied from -12.6% (United Arab Emirates) to 1.6% (Denmark). There was a decrease in 71 of the 111 reviewed countries, no change in 36 countries, and an increase in only 5 countries: Denmark, Germany, Ireland, Indonesia, and Sweden. Gasoline went down by more than 10% in the UAE, Qatar, Cape Verde, and South Africa. The largest weekly fuel price change was observed in the United Arab Emirates where the local Fuel Price Committee announced a significant price reduction for December.


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% -8.5% 0.0% -1.8%
Argentina -1.1% 12.2% 0.9% 17.9%
Aruba 0.0% -1.2% 0.0% 5.2%
Australia 4.3% -4.6% -2.4% -0.5%
Austria -3.1% -5.2% -3.0% 0.8%
Barbados 0.0% -5.1% 0.0% 1.0%
Belarus 0.7% 8.5% 0.7% 8.5%
Belgium 0.0% -9.4% -2.2% -3.4%
Bolivia 0.0% 0.0% 0.0% 0.0%
Brazil 0.0% 1.3% 0.0% 7.9%
Bulgaria -2.4% -9.3% -1.9% 0.2%
Cambodia -4.3% -11.2% -4.7% -8.3%
Cameroon 0.0% 0.0% 0.0% 0.0%
Canada 0.3% -16.6% -2.0% -3.1%
Cape Verde 0.0% -10.0% 0.0% -1.4%
Cayman Islands 0.0% 0.2% 0.0% 2.5%
Chile -0.6% 0.5% 0.3% 6.9%
China 0.0% -3.8% 0.0% -3.8%
Colombia 0.0% 2.8% 0.0% 3.6%
Costa Rica 0.0% -5.9% 0.0% 5.8%
Croatia -0.3% -15.2% 0.3% -6.6%
Cyprus -2.6% -8.2% -2.4% -2.2%
Czech Republic -1.0% -2.5% -0.8% 1.7%
Denmark 1.8% -7.3% 0.0% -2.5%
Dominican Republic -1.0% -11.4% -3.0% -8.7%
Egypt 0.0% 0.0% 0.0% 0.0%
El Salvador 0.0% -13.4% 0.0% -3.5%
Estonia 0.2% -5.6% -0.8% 1.1%
Fiji 0.0% 2.8% 0.0% 3.7%
Finland -1.4% -5.5% -1.2% 5.6%
France -0.5% -7.8% -0.3% -2.6%
Georgia 0.0% 3.9% 0.0% 7.5%
Germany -1.4% -1.5% -1.4% 5.8%
Ghana -2.5% -0.0% -2.1% 3.4%
Greece -0.3% -7.4% -1.1% -2.9%
Grenada 0.0% -0.4% 0.0% 4.0%
Guatemala -2.6% -14.6% -2.8% -4.4%
Honduras -0.6% -7.9% -0.9% -2.0%
Hong Kong -0.6% -5.3% -0.7% -2.9%
Hungary -0.6% -12.5% -1.5% -3.6%
Iceland 0.0% -2.8% 0.0% 2.3%
India -2.2% -11.7% -2.8% -9.6%
Indonesia 0.0% 7.3% 0.0% 6.6%
Ireland 0.0% 0.0% -2.9% 0.0%
Israel 0.0% -8.5% 0.0% -9.2%
Italy -2.7% -3.9% -2.3% -0.4%
Ivory Coast 0.0% 3.2% 0.0% 0.8%
Jamaica -1.7% -10.5% -2.2% -5.7%
Japan -1.6% -2.2% -1.3% -1.1%
Jordan 0.0% -9.0% 0.0% -3.2%
Kenya 0.0% 1.9% 0.0% 7.5%
Kuwait 0.0% 0.0% 0.0% 0.0%
Kyrgyzstan 0.0% 2.2% -2.1% 3.8%
Laos 0.0% 4.7% 0.0% 5.9%
Latvia -2.0% -4.4% -1.2% 1.6%
Lebanon -3.2% -14.0% -4.1% -3.6%
Lithuania 0.9% -4.9% 0.9% 3.6%
Luxembourg 0.0% -11.0% -1.4% -4.3%
Macedonia -2.4% -13.4% -4.1% -7.1%
Malawi 0.0% 11.5% 0.0% 11.2%
Malaysia 0.0% 0.0% 0.0% 0.0%
Malta 0.0% 0.0% 0.0% 0.0%
Mauritius 0.0% 0.0% 0.0% 0.0%
Mayotte 0.0% -4.5% 0.0% 0.0%
Mexico -0.3% 0.9% 3.4% 3.2%
Moldova 0.0% 0.0% 0.0% 0.0%
Montenegro -3.1% -10.1% -4.8% -4.8%
Morocco 0.0% -5.2% 0.0% -5.7%
Nepal 0.0% 0.9% 0.0% 4.2%
Netherlands -1.3% -8.9% -1.8% -2.2%
New Zealand -0.6% -9.8% -0.7% -11.1%
Nicaragua -3.6% -9.7% -2.3% 0.8%
Norway -0.4% -7.3% -0.4% -1.2%
Oman 0.0% -2.6% 0.0% -0.4%
Pakistan 0.0% 3.2% 0.0% 4.1%
Panama 0.0% -11.9% 0.0% -1.7%
Peru -0.7% 0.9% 0.1% 7.5%
Philippines -3.9% -11.0% -5.2% -14.5%
Poland -1.6% -3.5% -1.5% 3.6%
Portugal -0.9% -10.6% -1.3% -4.7%
Qatar 0.0% -11.9% 0.0% -2.4%
Romania -3.6% -10.3% -3.9% -5.9%
Russia -0.0% 0.6% 0.0% 4.5%
Rwanda 0.0% 2.1% 0.0% 5.0%
Saint Lucia 0.0% 0.0% 0.0% 0.0%
Serbia -3.0% -3.6% -2.4% -0.3%
Sierra Leone 0.0% 0.0% 0.0% 0.0%
Singapore -1.4% -5.1% -1.7% -3.6%
Slovakia -5.0% -10.5% -5.2% -2.6%
Slovenia -3.4% -9.0% -5.3% -1.9%
South Africa -11.0% -5.3% -7.8% 2.0%
South Korea -4.3% -10.3% -3.2% -5.6%
Spain -1.2% -8.8% -1.4% -5.7%
Sri Lanka 0.0% 1.3% 0.0% -10.2%
Suriname 0.0% -1.1% 0.0% 3.4%
Sweden 1.0% -12.1% 0.8% -5.2%
Switzerland -0.7% -4.2% -1.1% 1.1%
Taiwan -1.8% -9.0% -2.8% -12.0%
Tanzania 1.7% 2.2% 2.1% 6.3%
Thailand -1.8% -7.5% -2.5% -9.4%
Tunisia 0.0% 0.0% 0.0% 0.0%
Turkey -0.1% -10.9% -1.2% -5.0%
Uganda 0.0% 1.2% 1.3% 2.7%
Ukraine -3.3% 1.3% -3.4% 8.3%
United Arab Emirates -12.6% -13.3% -9.1% -1.1%
United Kingdom -1.0% -6.3% -1.1% -1.3%
Uruguay 0.0% 0.0% 0.0% 0.0%
USA -1.4% -12.2% -1.3% -1.9%
Vietnam -7.6% -12.8% -7.8% -8.1%
Zambia 0.0% 16.8% 0.0% 22.0%




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 1.10 0.0% -8.5%
Argentina 40.16 -1.1% 12.2%
Aruba 2.15 0.0% -1.2%
Australia 1.40 4.3% -4.6%
Austria 1.24 -3.1% -5.2%
Barbados 3.71 0.0% -5.1%
Belarus 1.53 0.7% 8.5%
Belgium 1.33 0.0% -9.4%
Bolivia 3.74 0.0% 0.0%
Brazil 4.51 0.0% 1.3%
Bulgaria 2.02 -2.4% -9.3%
Cambodia 3778.57 -4.3% -11.2%
Cameroon 630.00 0.0% 0.0%
Canada 1.24 0.3% -16.6%
Cape Verde 117.20 0.0% -10.0%
Cayman Islands 1.08 0.0% 0.2%
Chile 861.80 -0.6% 0.5%
China 7.28 0.0% -3.8%
Colombia 2412.68 0.0% 2.8%
Costa Rica 637.00 0.0% -5.9%
Croatia 8.93 -0.3% -15.2%
Cyprus 1.21 -2.6% -8.2%
Czech Republic 32.56 -1.0% -2.5%
Denmark 11.36 1.8% -7.3%
Dominican Republic 56.72 -1.0% -11.4%
Egypt 7.75 0.0% 0.0%
El Salvador 0.85 0.0% -13.4%
Estonia 1.26 0.2% -5.6%
Fiji 2.24 0.0% 2.8%
Finland 1.46 -1.4% -5.5%
France 1.44 -0.5% -7.8%
Georgia 2.51 0.0% 3.9%
Germany 1.47 -1.4% -1.5%
Ghana 4.99 -2.5% -0.0%
Greece 1.54 -0.3% -7.4%
Grenada 3.50 0.0% -0.4%
Guatemala 6.32 -2.6% -14.6%
Honduras 24.25 -0.6% -7.9%
Hong Kong 16.09 -0.6% -5.3%
Hungary 354.30 -0.6% -12.5%
Iceland 221.40 0.0% -2.8%
India 72.88 -2.2% -11.7%
Indonesia 10712.50 0.0% 7.3%
Ireland 1.48 0.0% 0.0%
Israel 6.22 0.0% -8.5%
Italy 1.57 -2.7% -3.9%
Ivory Coast 640.00 0.0% 3.2%
Jamaica 152.82 -1.7% -10.5%
Japan 145.50 -1.6% -2.2%
Jordan 0.97 0.0% -9.0%
Kenya 118.26 0.0% 1.9%
Kuwait 0.11 0.0% 0.0%
Kyrgyzstan 47.00 0.0% 2.2%
Laos 10890.00 0.0% 4.7%
Latvia 1.25 -2.0% -4.4%
Lebanon 1200.00 -3.2% -14.0%
Lithuania 1.11 0.9% -4.9%
Luxembourg 1.14 0.0% -11.0%
Macedonia 61.50 -2.4% -13.4%
Malawi 990.30 0.0% 11.5%
Malaysia 2.20 0.0% 0.0%
Malta 1.36 0.0% 0.0%
Mauritius 49.65 0.0% 0.0%
Mayotte 1.49 0.0% -4.5%
Mexico 20.77 -0.3% 0.9%
Moldova 18.90 0.0% 0.0%
Montenegro 1.24 -3.1% -10.1%
Morocco 10.86 0.0% -5.2%
Nepal 112.00 0.0% 0.9%
Netherlands 1.54 -1.3% -8.9%
New Zealand 2.16 -0.6% -9.8%
Nicaragua 30.48 -3.6% -9.7%
Norway 15.84 -0.4% -7.3%
Oman 0.22 0.0% -2.6%
Pakistan 95.83 0.0% 3.2%
Panama 0.78 0.0% -11.9%
Peru 3.67 -0.7% 0.9%
Philippines 49.80 -3.9% -11.0%
Poland 4.91 -1.6% -3.5%
Portugal 1.44 -0.9% -10.6%
Qatar 1.85 0.0% -11.9%
Romania 5.08 -3.6% -10.3%
Russia 45.48 -0.0% 0.6%
Rwanda 1132.00 0.0% 2.1%
Saint Lucia 3.07 0.0% 0.0%
Serbia 147.70 -3.0% -3.6%
Sierra Leone 8000.00 0.0% 0.0%
Singapore 2.11 -1.4% -5.1%
Slovakia 1.27 -5.0% -10.5%
Slovenia 1.23 -3.4% -9.0%
South Africa 14.95 -11.0% -5.3%
South Korea 1455.82 -4.3% -10.3%
Spain 1.22 -1.2% -8.8%
Sri Lanka 159.00 0.0% 1.3%
Suriname 6.89 0.0% -1.1%
Sweden 14.52 1.0% -12.1%
Switzerland 1.58 -0.7% -4.2%
Taiwan 27.80 -1.8% -9.0%
Tanzania 2436.00 1.7% 2.2%
Thailand 35.09 -1.8% -7.5%
Tunisia 1.99 0.0% 0.0%
Turkey 6.16 -0.1% -10.9%
Uganda 4150.00 0.0% 1.2%
Ukraine 30.72 -3.3% 1.3%
United Arab Emirates 2.15 -12.6% -13.3%
United Kingdom 1.23 -1.0% -6.3%
Uruguay 54.95 0.0% 0.0%
USA 0.73 -1.4% -12.2%
Vietnam 18707.50 -7.6% -12.8%
Zambia 16.06 0.0% 16.8%




Countries Diesel
Current price
local currency
Change
one week
Change
three months
Algeria 23.06 0.0% 0.0%
Andorra 1.04 0.0% -1.8%
Argentina 36.48 0.9% 17.9%
Aruba 1.94 0.0% 5.2%
Australia 1.52 -2.4% -0.5%
Austria 1.25 -3.0% 0.8%
Barbados 3.17 0.0% 1.0%
Belarus 1.53 0.7% 8.5%
Belgium 1.44 -2.2% -3.4%
Bolivia 3.72 0.0% 0.0%
Brazil 3.64 0.0% 7.9%
Bulgaria 2.22 -1.9% 0.2%
Cambodia 3485.71 -4.7% -8.3%
Cameroon 575.00 0.0% 0.0%
Canada 1.25 -2.0% -3.1%
Cape Verde 104.90 0.0% -1.4%
Cayman Islands 1.01 0.0% 2.5%
Chile 666.60 0.3% 6.9%
China 6.50 0.0% -3.8%
Colombia 2253.39 0.0% 3.6%
Costa Rica 587.00 0.0% 5.8%
Croatia 9.43 0.3% -6.6%
Cyprus 1.30 -2.4% -2.2%
Czech Republic 33.07 -0.8% 1.7%
Denmark 10.57 0.0% -2.5%
Dominican Republic 46.20 -3.0% -8.7%
Egypt 5.50 0.0% 0.0%
El Salvador 0.82 0.0% -3.5%
Estonia 1.31 -0.8% 1.1%
Fiji 1.97 0.0% 3.7%
Finland 1.45 -1.2% 5.6%
France 1.44 -0.3% -2.6%
Georgia 2.57 0.0% 7.5%
Germany 1.37 -1.4% 5.8%
Ghana 5.17 -2.1% 3.4%
Greece 1.39 -1.1% -2.9%
Grenada 3.43 0.0% 4.0%
Guatemala 5.84 -2.8% -4.4%
Honduras 21.85 -0.9% -2.0%
Hong Kong 13.50 -0.7% -2.9%
Hungary 394.80 -1.5% -3.6%
Iceland 223.10 0.0% 2.3%
India 66.90 -2.8% -9.6%
Indonesia 12200.00 0.0% 6.6%
Ireland 1.36 -2.9% 0.0%
Israel 5.72 0.0% -9.2%
Italy 1.50 -2.3% -0.4%
Ivory Coast 615.00 0.0% 0.8%
Jamaica 157.22 -2.2% -5.7%
Japan 125.50 -1.3% -1.1%
Jordan 0.61 0.0% -3.2%
Kenya 113.11 0.0% 7.5%
Kuwait 0.12 0.0% 0.0%
Kyrgyzstan 46.50 -2.1% 3.8%
Laos 8790.00 0.0% 5.9%
Latvia 1.24 -1.2% 1.6%
Lebanon 940.00 -4.1% -3.6%
Lithuania 1.11 0.9% 3.6%
Luxembourg 1.08 -1.4% -4.3%
Macedonia 58.50 -4.1% -7.1%
Malawi 990.40 0.0% 11.2%
Malaysia 2.18 0.0% 0.0%
Malta 1.23 0.0% 0.0%
Mauritius 40.00 0.0% 0.0%
Mayotte 1.30 0.0% 0.0%
Mexico 20.71 3.4% 3.2%
Moldova 16.77 0.0% 0.0%
Montenegro 1.20 -4.8% -4.8%
Morocco 9.43 0.0% -5.7%
Nepal 99.00 0.0% 4.2%
Netherlands 1.34 -1.8% -2.2%
New Zealand 1.51 -0.7% -11.1%
Nicaragua 29.17 -2.3% 0.8%
Norway 15.61 -0.4% -1.2%
Oman 0.25 0.0% -0.4%
Pakistan 110.94 0.0% 4.1%
Panama 0.76 0.0% -1.7%
Peru 3.41 0.1% 7.5%
Philippines 38.25 -5.2% -14.5%
Poland 5.19 -1.5% 3.6%
Portugal 1.31 -1.3% -4.7%
Qatar 2.00 0.0% -2.4%
Romania 5.48 -3.9% -5.9%
Russia 46.02 0.0% 4.5%
Rwanda 1148.00 0.0% 5.0%
Saint Lucia 3.07 0.0% 0.0%
Serbia 162.90 -2.4% -0.3%
Sierra Leone 8000.00 0.0% 0.0%
Singapore 1.66 -1.7% -3.6%
Slovakia 1.23 -5.2% -2.6%
Slovenia 1.27 -5.3% -1.9%
South Africa 16.41 -7.8% 2.0%
South Korea 1344.35 -3.2% -5.6%
Spain 1.17 -1.4% -5.7%
Sri Lanka 106.00 0.0% -10.2%
Suriname 6.77 0.0% 3.4%
Sweden 15.51 0.8% -5.2%
Switzerland 1.77 -1.1% 1.1%
Taiwan 23.90 -2.8% -12.0%
Tanzania 2436.00 2.1% 6.3%
Thailand 27.09 -2.5% -9.4%
Tunisia 1.75 0.0% 0.0%
Turkey 5.98 -1.2% -5.0%
Uganda 3850.00 1.3% 2.7%
Ukraine 30.46 -3.4% 8.3%
United Arab Emirates 2.61 -9.1% -1.1%
United Kingdom 1.32 -1.1% -1.3%
Uruguay 40.40 0.0% 0.0%
USA 0.82 -1.3% -1.9%
Vietnam 16410.00 -7.8% -8.1%
Zambia 14.65 0.0% 22.0%
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