Weekly global fuel price review (September 17, 2018)

During the past week, crude oil prices returned to an upward path pressured by new supply worries. As a result, the world average prices of gasoline and diesel also went up to levels of 1.14 and 1.05 USD per liter.

The European average gasoline price was 1.54 USD per liter marking a slight weekly increase of 0.1%. Gasoline prices also went up by 0.1% in the USA, by 0.3% in South America, by 0.4% in Asia, by 0.7% in Africa, and by 0.8% in Australia. The regional average gasoline price for Canada decreased by 2% from the previous week.

Looking at individual countries, the gasoline price changes varied from 9.3% (Kenya) to -2.1% (Canada). There was an increase in 36 of the 111 reviewed countries, no change in 61 countries, and a decrease in 15 countries. Gasoline went down by more than 1% in Norway, Hong Kong, and Canada. Gasoline prices increased by more than 2% in New Zealand, Cambodia, Brazil, Kenya, and the Philippines. The largest weekly fuel price change was observed in Kenya where the Energy Regulatory Commission announced the official fuel price rates for the month that are subject to a new tax.


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% 0.4% 0.8% -0.3%
Argentina 0.0% 30.0% 1.9% 32.4%
Aruba 0.0% 7.2% 0.0% 7.3%
Australia 0.8% 2.3% 1.5% 0.9%
Austria 0.6% 2.2% 0.6% 2.4%
Barbados 0.0% 8.6% 0.0% 12.1%
Belarus 0.7% 4.4% 0.7% 4.4%
Belgium 0.0% -0.9% 0.0% 2.3%
Bolivia 0.0% 0.0% 0.0% 0.0%
Brazil 2.3% 0.5% 4.3% 4.5%
Bulgaria 0.1% 1.6% 0.2% 1.2%
Burma (Myanmar) 0.0% 0.0% 0.0% 0.0%
Cambodia 2.3% -1.5% 1.9% 0.0%
Cameroon 0.0% 0.0% 0.0% 0.0%
Canada -2.1% -4.2% -0.1% -2.5%
Cape Verde 0.0% -1.7% 0.0% -1.0%
Cayman Islands 0.0% 2.2% 0.0% 2.8%
Chile 1.8% 5.5% 0.9% 7.3%
China 0.0% 0.0% 0.0% 0.0%
Colombia 0.0% 0.4% 0.0% 1.2%
Costa Rica 0.0% 0.1% 0.0% 0.5%
Croatia -0.6% 0.3% -0.2% 2.3%
Cyprus 0.0% -0.3% 0.1% 0.5%
Czech Republic 0.0% 0.2% 0.2% 0.3%
Denmark 0.8% 0.6% -0.2% 2.8%
Dominican Republic -0.7% 0.1% 0.0% 6.1%
Egypt 0.0% 17.4% 0.0% 50.7%
El Salvador 0.0% -4.6% 0.0% -0.3%
Estonia 0.2% -2.3% -0.5% -2.1%
Fiji 0.0% 5.8% 0.0% 8.0%
Finland 0.7% 1.0% 0.7% 0.1%
France -0.1% 0.5% 0.2% 1.4%
Georgia 0.4% 4.2% 0.8% 3.3%
Germany 0.2% 1.5% 0.7% 1.2%
Ghana 0.0% 2.6% 0.0% 2.1%
Greece -0.1% 0.7% 0.0% 0.8%
Grenada 0.0% -0.7% 0.0% 0.2%
Guatemala 1.5% -0.3% 3.1% 1.8%
Honduras 0.2% -1.1% 0.6% -0.5%
Hong Kong -1.2% 2.1% -1.8% 1.8%
Hungary -0.9% 1.9% 0.0% 3.0%
Iceland 0.4% 1.3% 1.4% 2.7%
India 1.3% 6.8% 1.0% 8.4%
Indonesia 1.7% 5.9% 1.7% 9.2%
Ireland 0.0% -2.7% 0.0% -2.9%
Israel 0.0% -0.1% 0.0% -0.2%
Italy 0.6% -0.4% 0.7% -0.3%
Ivory Coast 0.0% 1.6% 0.0% 0.0%
Jamaica -0.5% 4.1% -0.2% 7.8%
Japan 0.6% 0.7% 0.5% 0.8%
Jordan 0.0% 1.0% 0.0% 1.6%
Kenya 9.3% 16.3% 11.1% 16.1%
Kuwait 0.0% 0.0% 0.0% 0.0%
Kyrgyzstan 0.0% -2.1% 0.9% 0.4%
Laos 0.0% -1.0% 0.0% -1.2%
Latvia -0.6% -1.2% 0.4% -1.0%
Lebanon 0.4% -2.4% 1.0% -2.0%
Lithuania 0.2% 8.4% 0.3% 4.0%
Luxembourg 0.0% 0.9% 1.1% 2.5%
Macedonia 0.7% 0.7% 2.3% 3.9%
Malawi 0.0% 7.7% 0.0% 9.2%
Malaysia 0.0% 0.0% 0.0% 0.0%
Malta 0.0% 3.8% 0.0% 4.2%
Mauritius 0.0% -4.5% 0.0% -4.5%
Mayotte 0.0% 0.6% 0.0% 0.0%
Mexico 0.0% 2.2% 0.3% 5.3%
Moldova 0.0% -0.8% 0.0% -1.3%
Montenegro 0.0% -2.1% 0.0% -3.1%
Morocco 0.0% 0.6% 0.0% 0.2%
Nepal 0.0% -0.9% 0.0% 3.2%
Netherlands -0.4% 0.1% 0.7% 0.7%
New Zealand 2.0% 6.7% 0.6% 9.3%
Nicaragua 0.4% 0.4% 6.6% 6.6%
Norway -1.1% 1.8% 0.8% 2.1%
Oman 0.0% 1.3% 0.0% 1.2%
Pakistan 0.0% 5.8% 0.0% 7.9%
Panama 0.0% -2.3% 0.0% -4.2%
Peru 0.2% 0.7% 0.0% 2.9%
Philippines 3.6% 0.5% 2.8% 5.4%
Poland 0.4% 0.0% 0.4% -0.6%
Portugal -0.5% -0.5% 0.1% -0.5%
Qatar 0.0% 0.0% 0.0% 0.0%
Romania 0.4% 0.2% 0.9% 1.7%
Russia 0.0% -0.9% 0.0% 0.0%
Rwanda 0.0% 4.1% 0.0% 4.3%
Saint Lucia 0.0% 0.0% 0.0% 0.0%
Serbia 0.3% 0.3% 0.3% 0.6%
Sierra Leone 0.0% 33.3% 0.0% 33.3%
Singapore 0.0% 2.6% 0.0% 5.7%
Slovakia 0.6% 0.3% 1.1% -1.2%
Slovenia 0.0% -0.7% 0.0% 0.3%
South Africa 0.0% 1.9% 0.0% 1.7%
South Korea 0.7% 1.8% 0.8% 2.1%
Spain -0.2% 0.4% 0.0% 0.9%
Sri Lanka 0.0% 8.8% 0.0% 12.8%
Suriname 0.0% 1.2% 0.0% 1.2%
Sweden -0.5% 1.0% -0.6% 2.5%
Switzerland -0.4% 0.3% 0.0% 1.6%
Taiwan 0.0% 0.4% 0.0% 0.4%
Tanzania 0.0% 4.0% 0.0% 5.0%
Thailand 1.1% 5.0% 0.0% 3.8%
Tunisia 0.0% 7.3% 0.0% 8.4%
Turkey 0.0% 10.6% 0.0% 10.5%
Uganda 0.0% 3.8% 0.0% 7.1%
Ukraine 0.7% 6.8% 0.8% 7.2%
United Arab Emirates 0.0% -1.2% 0.0% -2.6%
United Kingdom 1.1% 1.5% 2.4% 1.5%
Uruguay 0.0% 9.0% 0.0% 0.0%
USA 0.1% -2.2% 0.2% -0.4%
Vietnam -0.0% -0.3% 0.0% 2.1%
Zambia 0.0% 0.0% 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 1.21 0.0% 0.4%
Argentina 36.38 0.0% 30.0%
Aruba 2.17 0.0% 7.2%
Australia 1.52 0.8% 2.3%
Austria 1.32 0.6% 2.2%
Barbados 3.91 0.0% 8.6%
Belarus 1.43 0.7% 4.4%
Belgium 1.47 0.0% -0.9%
Bolivia 3.74 0.0% 0.0%
Brazil 4.63 2.3% 0.5%
Bulgaria 2.24 0.1% 1.6%
Burma (Myanmar) 875.00 0.0% 0.0%
Cambodia 4357.14 2.3% -1.5%
Cameroon 630.00 0.0% 0.0%
Canada 1.47 -2.1% -4.2%
Cape Verde 130.20 0.0% -1.7%
Cayman Islands 1.08 0.0% 2.2%
Chile 878.80 1.8% 5.5%
China 7.57 0.0% 0.0%
Colombia 2355.89 0.0% 0.4%
Costa Rica 681.00 0.0% 0.1%
Croatia 10.44 -0.6% 0.3%
Cyprus 1.33 0.0% -0.3%
Czech Republic 33.53 0.0% 0.2%
Denmark 12.16 0.8% 0.6%
Dominican Republic 63.82 -0.7% 0.1%
Egypt 7.75 0.0% 17.4%
El Salvador 0.97 0.0% -4.6%
Estonia 1.33 0.2% -2.3%
Fiji 2.18 0.0% 5.8%
Finland 1.58 0.7% 1.0%
France 1.56 -0.1% 0.5%
Georgia 2.44 0.4% 4.2%
Germany 1.50 0.2% 1.5%
Ghana 5.08 0.0% 2.6%
Greece 1.66 -0.1% 0.7%
Grenada 3.51 0.0% -0.7%
Guatemala 7.51 1.5% -0.3%
Honduras 26.37 0.2% -1.1%
Hong Kong 16.99 -1.2% 2.1%
Hungary 403.10 -0.9% 1.9%
Iceland 229.70 0.4% 1.3%
India 85.18 1.3% 6.8%
Indonesia 10150.00 1.7% 5.9%
Ireland 1.46 0.0% -2.7%
Israel 6.80 0.0% -0.1%
Italy 1.64 0.6% -0.4%
Ivory Coast 620.00 0.0% 1.6%
Jamaica 170.20 -0.5% 4.1%
Japan 150.40 0.6% 0.7%
Jordan 1.06 0.0% 1.0%
Kenya 126.92 9.3% 16.3%
Kuwait 0.11 0.0% 0.0%
Kyrgyzstan 46.00 0.0% -2.1%
Laos 10400.00 0.0% -1.0%
Latvia 1.29 -0.6% -1.2%
Lebanon 1400.00 0.4% -2.4%
Lithuania 1.18 0.2% 8.4%
Luxembourg 1.28 0.0% 0.9%
Macedonia 72.50 0.7% 0.7%
Malawi 888.00 0.0% 7.7%
Malaysia 2.20 0.0% 0.0%
Malta 1.36 0.0% 3.8%
Mauritius 49.65 0.0% -4.5%
Mayotte 1.56 0.0% 0.6%
Mexico 20.62 0.0% 2.2%
Moldova 18.90 0.0% -0.8%
Montenegro 1.38 0.0% -2.1%
Morocco 11.46 0.0% 0.6%
Nepal 112.00 0.0% -0.9%
Netherlands 1.68 -0.4% 0.1%
New Zealand 2.48 2.0% 6.7%
Nicaragua 33.87 0.4% 0.4%
Norway 16.84 -1.1% 1.8%
Oman 0.23 0.0% 1.3%
Pakistan 92.83 0.0% 5.8%
Panama 0.88 0.0% -2.3%
Peru 3.67 0.2% 0.7%
Philippines 58.85 3.6% 0.5%
Poland 5.11 0.4% 0.0%
Portugal 1.60 -0.5% -0.5%
Qatar 2.10 0.0% 0.0%
Romania 5.72 0.4% 0.2%
Russia 45.20 0.0% -0.9%
Rwanda 1109.00 0.0% 4.1%
Saint Lucia 3.07 0.0% 0.0%
Serbia 154.20 0.3% 0.3%
Sierra Leone 8000.00 0.0% 33.3%
Singapore 2.25 0.0% 2.6%
Slovakia 1.44 0.6% 0.3%
Slovenia 1.35 0.0% -0.7%
South Africa 15.79 0.0% 1.9%
South Korea 1639.43 0.7% 1.8%
Spain 1.33 -0.2% 0.4%
Sri Lanka 161.00 0.0% 8.8%
Suriname 6.97 0.0% 1.2%
Sweden 16.02 -0.5% 1.0%
Switzerland 1.64 -0.4% 0.3%
Taiwan 30.56 0.0% 0.4%
Tanzania 2373.00 0.0% 4.0%
Thailand 38.34 1.1% 5.0%
Tunisia 1.99 0.0% 7.3%
Turkey 6.93 0.0% 10.6%
Uganda 4100.00 0.0% 3.8%
Ukraine 31.36 0.7% 6.8%
United Arab Emirates 2.48 0.0% -1.2%
United Kingdom 1.31 1.1% 1.5%
Uruguay 54.95 0.0% 9.0%
USA 0.83 0.1% -2.2%
Vietnam 21757.50 -0.0% -0.3%
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 1.07 0.8% -0.3%
Argentina 31.69 1.9% 32.4%
Aruba 1.85 0.0% 7.3%
Australia 1.56 1.5% 0.9%
Austria 1.27 0.6% 2.4%
Barbados 3.14 0.0% 12.1%
Belarus 1.43 0.7% 4.4%
Belgium 1.50 0.0% 2.3%
Bolivia 3.72 0.0% 0.0%
Brazil 3.64 4.3% 4.5%
Bulgaria 2.23 0.2% 1.2%
Burma (Myanmar) 860.00 0.0% 0.0%
Cambodia 3871.43 1.9% 0.0%
Cameroon 575.00 0.0% 0.0%
Canada 1.30 -0.1% -2.5%
Cape Verde 106.40 0.0% -1.0%
Cayman Islands 0.99 0.0% 2.8%
Chile 635.20 0.9% 7.3%
China 6.76 0.0% 0.0%
Colombia 2202.40 0.0% 1.2%
Costa Rica 565.00 0.0% 0.5%
Croatia 10.10 -0.2% 2.3%
Cyprus 1.35 0.1% 0.5%
Czech Republic 32.69 0.2% 0.3%
Denmark 10.86 -0.2% 2.8%
Dominican Republic 51.73 0.0% 6.1%
Egypt 5.50 0.0% 50.7%
El Salvador 0.87 0.0% -0.3%
Estonia 1.28 -0.5% -2.1%
Fiji 1.90 0.0% 8.0%
Finland 1.40 0.7% 0.1%
France 1.49 0.2% 1.4%
Georgia 2.42 0.8% 3.3%
Germany 1.31 0.7% 1.2%
Ghana 5.11 0.0% 2.1%
Greece 1.44 0.0% 0.8%
Grenada 3.30 0.0% 0.2%
Guatemala 6.30 3.1% 1.8%
Honduras 22.58 0.6% -0.5%
Hong Kong 13.90 -1.8% 1.8%
Hungary 416.60 0.0% 3.0%
Iceland 224.10 1.4% 2.7%
India 76.44 1.0% 8.4%
Indonesia 11650.00 1.7% 9.2%
Ireland 1.36 0.0% -2.9%
Israel 6.30 0.0% -0.2%
Italy 1.52 0.7% -0.3%
Ivory Coast 610.00 0.0% 0.0%
Jamaica 168.60 -0.2% 7.8%
Japan 128.20 0.5% 0.8%
Jordan 0.63 0.0% 1.6%
Kenya 116.94 11.1% 16.1%
Kuwait 0.12 0.0% 0.0%
Kyrgyzstan 45.20 0.9% 0.4%
Laos 8300.00 0.0% -1.2%
Latvia 1.21 0.4% -1.0%
Lebanon 1000.00 1.0% -2.0%
Lithuania 1.08 0.3% 4.0%
Luxembourg 1.15 1.1% 2.5%
Macedonia 66.00 2.3% 3.9%
Malawi 890.90 0.0% 9.2%
Malaysia 2.18 0.0% 0.0%
Malta 1.23 0.0% 4.2%
Mauritius 40.00 0.0% -4.5%
Mayotte 1.30 0.0% 0.0%
Mexico 20.24 0.3% 5.3%
Moldova 16.77 0.0% -1.3%
Montenegro 1.26 0.0% -3.1%
Morocco 9.99 0.0% 0.2%
Nepal 98.00 0.0% 3.2%
Netherlands 1.39 0.7% 0.7%
New Zealand 1.72 0.6% 9.3%
Nicaragua 30.87 6.6% 6.6%
Norway 15.79 0.8% 2.1%
Oman 0.25 0.0% 1.2%
Pakistan 106.57 0.0% 7.9%
Panama 0.77 0.0% -4.2%
Peru 3.17 0.0% 2.9%
Philippines 46.60 2.8% 5.4%
Poland 5.04 0.4% -0.6%
Portugal 1.39 0.1% -0.5%
Qatar 2.05 0.0% 0.0%
Romania 5.90 0.9% 1.7%
Russia 44.02 0.0% 0.0%
Rwanda 1093.00 0.0% 4.3%
Saint Lucia 3.07 0.0% 0.0%
Serbia 164.40 0.3% 0.6%
Sierra Leone 8000.00 0.0% 33.3%
Singapore 1.76 0.0% 5.7%
Slovakia 1.29 1.1% -1.2%
Slovenia 1.31 0.0% 0.3%
South Africa 16.09 0.0% 1.7%
South Korea 1440.94 0.8% 2.1%
Spain 1.24 0.0% 0.9%
Sri Lanka 123.00 0.0% 12.8%
Suriname 6.55 0.0% 1.2%
Sweden 16.16 -0.6% 2.5%
Switzerland 1.75 0.0% 1.6%
Taiwan 27.15 0.0% 0.4%
Tanzania 2273.00 0.0% 5.0%
Thailand 29.89 0.0% 3.8%
Tunisia 1.75 0.0% 8.4%
Turkey 6.32 0.0% 10.5%
Uganda 3750.00 0.0% 7.1%
Ukraine 29.15 0.8% 7.2%
United Arab Emirates 2.64 0.0% -2.6%
United Kingdom 1.34 2.4% 1.5%
Uruguay 40.40 0.0% 0.0%
USA 0.84 0.2% -0.4%
Vietnam 18240.00 0.0% 2.1%
Zambia 12.01 0.0% 0.0%
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