Petrol and Gasoline prices hit record

Petrol and Gasoline prices hit record

During the past week, the crude oil prices continued their upward development with Brent oil reaching 77 USD per barrel. Most of the fuel markets around the world are trying to avoid any drastic retail fuel price increases due to the rising price sensitivity among consumers. As a result, the world average prices of gasoline and diesel remained stable at levels of 1.13 and 1.04 USD per liter.

The European average gasoline price was 1.56 USD per liter marking 0.1% weekly increase. Gasoline prices also went up by 1% in Australia, by 0.3% in Asia and New Zealand, by 0.9% in Africa, and by 0.2% in South America. In the USA, gasoline prices decreased by 0.2%.

Looking at individual countries, the gasoline price changes varied from –2.5% (Pakistan) to 3.1% (Tunisia). There was an increase in 53 of the 111 reviewed countries, no change in 51 countries, and a decrease in 8 countries. Gasoline went down the most in Pakistan, Finland, Iceland, and Lebanon. Gasoline prices increased by more than 2% in the Philippines, Qatar, Tunisia, and Ukraine. The largest weekly fuel price change was observed in Tunisia where the government increased the regulated petroleum products prices in an effort to reduce the spending on fuel subsidies.

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 0.2% 0.4% 0.0% -1.0%
Argentina 12.2% 29.6% 10.7% 31.6%
Aruba 0.0% 7.2% 0.0% 7.3%
Australia 1.0% -4.4% 0.3% -0.1%
Austria 1.0% -0.1% 0.0% -1.9%
Barbados 0.8% 15.0% -0.3% 20.3%
Belarus 0.7% 2.9% 0.7% 2.9%
Belgium 0.0% -2.1% 1.1% 1.1%
Bolivia 0.0% 0.0% 0.0% 0.0%
Brazil 0.4% 0.2% 0.1% -11.0%
Bulgaria 0.1% 3.3% -0.2% 3.1%
Burma (Myanmar) 0.0% 0.0% 0.0% 0.0%
Cambodia 0.5% -3.7% 1.9% -1.8%
Cameroon 0.0% 0.0% 0.0% 0.0%
Canada 0.5% -3.1% 0.5% -3.4%
Cape Verde -0.2% 4.6% 0.7% 4.8%
Cayman Islands 0.0% 2.2% 0.0% 2.8%
Chile 0.4% 4.4% 1.1% 7.5%
China 0.0% 0.0% 0.0% 0.0%
Colombia 0.0% 1.8% 0.0% 1.9%
Costa Rica 0.0% 2.3% 0.0% 2.8%
Croatia 0.3% -0.7% 1.2% 0.1%
Cyprus 0.0% 0.2% 0.0% -0.3%
Czech Republic 0.2% 1.2% 0.2% 1.1%
Denmark 0.0% 0.0% 0.9% 1.7%
Dominican Republic 0.5% -2.8% 1.6% 0.0%
Egypt 0.0% 17.4% 0.0% 50.7%
El Salvador 0.0% -2.4% 0.0% -0.5%
Estonia -0.1% -1.3% -0.6% -1.4%
Fiji 0.0% 5.8% 0.0% 8.0%
Finland -0.8% -1.3% -0.9% -1.3%
France 0.4% -0.7% 0.7% -1.1%
Georgia 0.1% 3.6% -0.4% 2.7%
Germany 1.0% 2.3% 0.7% 1.3%
Ghana 0.0% 5.6% 0.0% 3.8%
Greece -0.1% 0.8% 0.1% 0.8%
Grenada 0.0% -0.7% 0.0% 0.2%
Guatemala 1.0% -2.4% 2.2% -2.4%
Honduras 0.0% -0.7% 0.4% -1.0%
Hong Kong 0.0% 1.2% 0.0% 0.0%
Hungary 1.3% 1.4% 1.2% 0.6%
Iceland -0.5% 0.4% -0.5% -0.0%
India 1.5% 0.9% 2.4% 2.7%
Indonesia 0.0% 7.7% 2.8% 10.5%
Ireland 1.4% 0.7% 1.5% 0.7%
Israel 0.3% 1.9% 0.3% 2.1%
Italy 0.1% 0.4% 0.1% 0.3%
Ivory Coast 1.6% 1.6% 0.0% 0.0%
Jamaica 1.1% 4.1% 1.4% 6.4%
Japan 0.1% 0.8% 0.3% 1.4%
Jordan 0.0% 1.0% 0.0% 1.6%
Kenya 0.0% 6.3% 0.0% 4.5%
Kuwait 0.0% 0.0% 0.0% 0.0%
Kyrgyzstan 0.0% 1.1% 0.0% 2.3%
Laos 0.0% -1.0% 0.0% -1.2%
Latvia 0.8% 1.4% 1.2% 3.1%
Lebanon -0.4% -1.1% 0.0% -2.0%
Lithuania 0.3% 6.9% 0.2% 1.9%
Luxembourg 0.0% -0.3% 1.3% 0.2%
Macedonia 0.0% -0.7% 0.0% 0.0%
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 0.6% 3.3% 0.8% 4.0%
Mexico 0.3% 1.9% 0.3% 4.6%
Moldova 0.0% -0.5% 0.0% -1.4%
Montenegro 0.0% -2.1% 0.0% -3.1%
Morocco 0.0% 1.8% 0.0% 0.4%
Nepal 0.0% 0.9% 0.0% 3.3%
Netherlands 0.4% 0.0% 0.3% -1.0%
New Zealand 0.3% 1.8% 2.2% 5.1%
Nicaragua 0.0% 0.0% 0.0% 0.2%
Norway 0.5% 2.1% 0.6% 0.9%
Oman 1.8% 3.2% 2.9% 2.9%
Pakistan -2.5% 5.8% -5.6% 7.9%
Panama 0.6% 0.2% -0.3% -0.3%
Peru 0.0% 1.3% 0.3% 2.9%
Philippines 2.0% -3.7% 1.4% 4.4%
Poland 0.2% 0.0% 0.4% -0.6%
Portugal 0.7% 0.3% 1.1% -0.3%
Qatar 2.4% 5.0% 0.0% 2.5%
Romania 0.7% -1.1% 1.5% 0.2%
Russia 0.2% 0.7% 0.3% 1.1%
Rwanda 0.0% 4.1% 0.0% 4.3%
Saint Lucia 0.0% 2.0% 0.0% 2.3%
Serbia 0.0% 1.0% 0.3% 1.2%
Sierra Leone 0.0% 33.3% 0.0% 33.3%
Singapore 0.0% 1.3% 0.3% 3.7%
Slovakia 0.1% 1.6% 0.1% -0.2%
Slovenia 0.0% -0.3% 0.0% -0.2%
South Africa 0.3% 7.6% 0.3% 7.5%
South Korea 0.2% 1.2% 0.2% 1.3%
Spain 0.4% 0.2% 0.7% 0.1%
Sri Lanka 0.0% 6.1% 0.0% 8.3%
Suriname 0.0% 1.6% 0.0% 3.9%
Sweden 0.6% 3.8% 0.6% 2.8%
Switzerland 0.0% 2.5% -0.2% 3.2%
Taiwan 0.0% 0.6% 0.0% 0.7%
Tanzania 0.0% 7.0% 0.0% 6.9%
Thailand 1.1% 3.9% 1.0% 3.9%
Tunisia 3.1% 7.3% 3.6% 8.4%
Turkey 0.1% 10.2% 0.1% 10.2%
Uganda 1.2% 2.5% 0.0% 7.1%
Ukraine 2.4% 2.7% 2.5% 2.8%
United Arab Emirates 0.8% 4.6% 0.4% 3.1%
United Kingdom 0.7% 1.4% 0.5% 1.3%
Uruguay 0.0% 9.0% 0.0% 0.0%
USA -0.1% -3.7% 0.7% -1.5%
Vietnam 0.0% -1.7% 0.0% -0.1%
Zambia 0.0% 0.0% 0.0% 0.0%

 

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