Gasoline and diesel usage and pricing

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This article is about gasoline and diesel usage and pricing around the world. For a chronology of oil prices during this time, see World oil market chronology from 2003. For information on the price of oil, see price of petroleum. For information on the price of Natural Gas, see Natural gas prices.
Example from Germany 2007, 1.319 €/L=US$7.65/gal

The usage and pricing of gasoline (or petrol) results from factors such as crude oil prices, processing and distribution costs, local demand, the strength of local currencies, local taxation, and the availability of local sources of gasoline (supply). Since fuels are traded worldwide, the trade prices are similar. The price paid by consumers largely reflects national pricing policy. Some regions, such as Europe and Japan, impose high taxes on gasoline (petrol); others, such as Saudi Arabia and Venezuela, subsidize the cost.[1] Western countries have among the highest usage rates per person. The largest consumer is the United States, which used an average of 368 million US gallons (1.46 gigalitres) each day in 2011.[2]

Fuel prices in the United States[edit]

Percentage of cost for gasoline and diesel in the United States.

US petroleum consumption reached an estimated 18.87 million barrels per day (3,000,000 m3/d) in 2011, and is expected to increase to 18.96 million barrels per day (3,014,000 m3/d) in 2012. Drivers in the United States traveled 500,000 miles (800,000 km) per day in 2011,[citation needed] and were expected to travel 8.158 billion miles (1.3129×1010 km) in 2012. This equates to an average of 33 miles (53 km) per vehicle per day. On average, US drivers consume 1.49 US gallons (5.6 L) of gasoline per day, or about 10.44 US gallons (39.5 L) per week.[2] As of March 2013, the average price for 87 octane gasoline was $3.22 a US gallon (85¢/L).

In 2008 a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices.[3] According to the report, in April fuel consumption had been lower than a year before for the sixth straight month, suggesting 2008 would be the first year US usage declined in 17 years. The total annual distance driven in the US began declining in 2006.[4]

The average price per US gallon in 2012 (as of 31 December 2012) was $3.618 (96¢/L), the highest ever for a year. As of 31 December 2012, the average price of gasoline was $3.298/gal (87¢/L),[contradiction] with New York at $3.70/gal (98¢/L) for the highest in the US, and Colorado at $2.987/gal (79¢/L) for the lowest.[5]

Finished motor gasoline amounts to 44% of the total US consumption of petroleum products.[6] This corresponds to 18.5 exajoules per year. As of 2012 the cost of crude oil accounted for 62% of the cost of a gallon of gasoline in the United State while refining accounted for just 12%. Taxes and distribution/marketing accounted for 12% and 14% respectively.[7]

After Hurricane Katrina and Hurricane Rita, gas prices started rising. They became record high levels. In terms of the aggregate economy, increases in crude oil prices significantly predict the growth of real gross domestic product (GDP), but increases in natural gas prices do not.[8]

All the damages from the hurricanes ran up gas prices. By 30 August, a day after Katrina’s landfall, prices in the spot market, which typically include a premium above the wellhead price, had surged pass $11 per gigajoule ($12 per million British thermal units), and by 22 September 2005, the day before Rita’s landfall, the spot price had risen to $14/GJ ($15 per million BTU).[8]

Crude oil[edit]

Crude oil is the greatest contributing factor when it comes to the price of gasoline. This includes the resources it takes for exploration, to remove it from the ground, and transport it. Between 2004 and 2008, there was an increase in fuel costs due in large part to a worldwide increase in demand for crude oil. Prices leapt from 35 to $140 per barrel ($220 to $880/m3), causing a corresponding increase in gas prices.[9] On the supply side, OPEC (or the Organization of the Petroleum Exporting Countries) has a great deal to do with the price of gasoline, both in the United States and around the world. The speculation of oil commodities can also affect the gasoline market.

Taxes[edit]

Taxes are the next biggest contributor to gasoline prices at around 12%. In the United States, both state and federal taxes apply to gasoline. In addition, other taxes may be placed on gas including applicable state sales taxes, gross receipts taxes, oil inspection fees, underground storage tank fees and other miscellaneous environmental fees.

Marketing and distribution[edit]

Distribution and marketing makes up the remaining 5%. The price of transporting crude oil to a refinery then gasoline to a point of distribution is passed on to the consumer. In addition the price to market the fuel brand is passed on.

Other factors[edit]

Aside from this breakdown, many other factors affect gasoline prices. Extreme weather, war or natural disaster in areas where oil is produced can also in turn raise the price of a gallon of gasoline. Legislation by several states for cleaner burning fuel also affects certain areas' prices of gasoline. Furthermore, demand directly affects the price of gasoline. For example, when more people are on the road, typically in the summer months or during holidays, the price will increase.

A "real time" price of petrol at points of distribution is posted and publicly updated at: http://www.gasbuddy.com/GB_Price_List.aspx

Petrol usage and pricing in Europe[edit]

Gasoline and Diesel nominal price development 1994-2008 in Switzerland (CHF/l).

Most European countries have high fuel taxes. The prices have traditionally been three to four times the price in the United States, with prices during 2000–2005 of €1.00/litre[10] (about US$1.42/L or $5.40/US gallon) while the US had prices around $1.50/gal or $0.40/L. After a large increase until the summer of 2008, the end of 2008 experienced a strong decline linked with a sharp economic downturn, with the average price of fuel in the US at $1.613/gal (29 December 2008). However, the price of fuel in Europe is still more than double the US price at €1.85/litre.[11] Russia and some neighboring countries have a much smaller tax, with fuel prices similar to the US.[1]

Competitive petrol pricing in the UK is led by supermarkets with their own forecourts. Generally each supermarket tends to match the other's prices; the lead players being Asda, Tesco, Sainsbury's and Morrison's. In recent years the AA has criticized the speculators as being the prime reason for fuel fluctuations in the UK.[12]

Turkey[edit]

Turkey has the highest gasoline and diesel prices in the world due to high taxes and profit margins in the country in addition to soaring oil prices, new energy data has revealed on 29 September 2012. Around that date, the price of a liter of gasoline in Turkey reached $2.6 and diesel $2.4, according to International Energy Agency (IEA) data. With the recent price hikes in 2012, gas and diesel prices hit TL 4.92 ($2.71 per liter) and TL 4.81, respectively. The share of taxes in gas prices in the Turkish market is 72 percent, while by comparison it is 62 percent in Germany, 57 percent in Italy, 60 percent in Japan, 25 percent in Canada, and 12 percent in the USA. On 8 July 2013, there was another price hike which raised pricing to $9.98 per US gallon.

Countries with subsidised gasoline[edit]

A number of countries subsidize the cost of petrol/gasoline and other petroleum products. Subsidies make transport of people and goods cheaper, but discourage fuel efficiency. In some countries, the soaring cost of crude oil since 2003 has led to these subsidies being cut, moving inflation from the government debt to the general populace, sometimes resulting in political unrest.

Fuel subsidies are common in oil-rich countries. Venezuela, which has vast oil reserves, maintains a fixed price of Bs.F 0.097 per litre (around US$0.08 per gallon), and has done so since 1998, thus making it the nation with the lowest gasoline and diesel prices in the world.[13] Other countries with subsidized fuel include United States of America, Saudi Arabia, Iran, Egypt, Burma, Malaysia, Kuwait, Bahrain, Trinidad and Tobago, Brunei and Bolivia.

In February 2010, the Iranian government implemented an energy price reform by which the energy subsidies were to be removed in five years; the most important price hike was in gasoline, as the price went up from 100 rials ($0.10 US) to 400 rials ($0.40 US) per litre, with a ration of 100 litres per month for private passenger cars (later reduced to 60 litres per month).

On 26 December 2010, the Bolivian government issued a decree removing subsidies which had fixed petrol/gasoline and diesel prices for the past seven years. Arguing that illegal export (contraband) to neighboring countries was harming the economy, Bolivia eliminated the subsidies and raised gas prices as much as 83%. After widespread labor strikes, the Bolivian government canceled all planned price hikes.[14]

United States of America[edit]

The oil industry receives subsides through the United States tax code, which include Percentage Depletion Allowance, Domestic Manufacturing Tax Deduction, the Foreign Tax Credit and Expensing Intangible Drilling Costs. It is estimated that these tax deductions are worth $4 billion annually and are currently being debated by the government for reform.[citation needed] Although such subsidies exist, the sale of fuel is also taxed at rates that generally exceed the sales tax rates for other goods. It is thus unclear whether the tax impact on fuel is a net subsidy or not.

Iran[edit]

The Iranian government introduced an energy price reform in February 2010. The reform was brought forward by the government and approved with some changes by the parliament. The major aim of the policy was to slow down the increasing trend of energy consumption in Iran by removing the energy subsidies. The plan included electricity, natural gas, gasoline, and diesel subsidies. According to the plan, all energy prices were to increase by 20 percent annually. The price reform was particularly important in gasoline, as consumption had been increasing dramatically creating a huge burden on government budget. Furthermore, to meet demand, Iran had to import gasoline from other countries, which made the country vulnerable to possible sanctions by the US and European countries. The gas price prior to reform was $0.10 US per liter with the quota of 100 liters per month per passenger car. The reform raised the price to $0.40 US per liter and later reduced the ration to 60 liters per month. The price for over-quota consumption and the imported cars were $0.70 US per liter. The energy price reform included a cash-rebate program through which each person received 455,000 rials ($15 US) per month from the government. The overall consumption of gasoline after the reform decreased from about 65 million liters per day to about 54 million liters per day.[15]

Nigeria[edit]

On 1 January 2012, the Nigerian Government headed by president Goodluck Ebele Jonathan, tried to cease the subsidy on petrol and deregulate the oil prices by announcing the new price for petrol as USD 0.88/litre from the old subsidised price of USD 0.406/litre (LAGOS), which in areas distant from Lagos petrol was priced at USD 1.25/litre. This led to the longest general strike (eight days), riots, Arab spring like protests and on 16 January 2012 the government capitulated by announcing a new price of USD 0.60/litre with an envisaged price of USD 2.0/litre in distant areas. The situation is still fluid.[16]

Mexico[edit]

PEMEX, a government company in charge of selling oil in Mexico is subsidized by the Mexican government. This serves to quell inflationary pressures in Mexico. Mexico buys much of its gasoline and diesel from the United States and resells it at US$98 per barrel. Many residents of US border communities cross the border to buy fuel in Mexico,[17] thereby enjoying a cheaper fuel subsidy at the expense of Mexican taxpayers. This has caused supply shortages at a number of filling stations for Mexican drivers, especially truck and bus drivers who use diesel.[18]

Venezuela[edit]

Today, PDVSA, Venezuelan state owned company, spends US$1.7 billion in direct costs of importation of gasoline, and subsidizes all sales of gasoline in the internal Venezuelan market. The sale price of gasoline is US$0.015 per liter, on a fixed price in the local currency that has been in effect since 1997. Given the low price of gasoline, it is distributed free of charge to gas stations.[19]

Vietnam[edit]

The domestic prices of 92-RON, the most commonly used grade of gasoline in Vietnam, is VND 24,570 (US$1.16) a liter on July 17.[20]

Countries which had formerly subsidised gasoline[edit]

Indonesia[edit]

In March 2005, Indonesia increased the price of gasoline and diesel by 29%, causing widespread protests. The price of gasoline was raised from Rp 1,800 (US$0.20) per litre to Rp 2,400 (US$0.25) per litre, while diesel rose from Rp 1,650 (US$0.18) to Rp 2,100 (US$0.23). Prices were increased again in October to Rp 4,500 (US$0.48) a litre, an 87.5% rise, for gasoline, while diesel was increased to Rp 4,300 (US$0.46), and kerosene, used for cooking, increased from Rp 700 (US$0.08) to Rp 2,000 (US$0.22) per litre. The price increases came as oil prices threatened to increase the government's oil subsidy to US$14 billion per year, and caused further protests.

With oil reaching over US$145 a barrel, Indonesia further increased prices on 24 May 2008 to Rp 6,000 (approx. US$0.65) per litre, and diesel to Rp 5,500 (approx. US$0.60) per litre, while kerosene was raised to Rp 2,500 (approx. US$0.28), moves which caused widespread protests.[21] In addition, it was suggested that private car owners, who are wealthy in Indonesian terms, would eventually be excluded from subsidies entirely, with the cheap fuel limited to public transport and motorcycles.

In June 2013, the government raised the price of low-octane gasoline 44% to 6,500 rupiah ($0.66) per liter and of diesel 22% to 5,500 rupiah per liter to help close a widening budget deficit. The move caused violent protest in some areas.

Furthermore in November 18, 2014, the new government led by President Joko Widodo reallocated the government subsidy for gasoline and diesel into nation's infrastructure, education and health budget, hence raised the price of subsidized gasoline and diesel by Rp 2,000 each, so the price of gasoline and diesel became Rp 8,500 and Rp 7,500 respectively. This decision created inflation and protest throughout the archipelago.[22]

People have been encouraged to switch to LPG for cooking, as Indonesia is the world's largest exporter, whereas its oil industry is in decline, and it is now a net importer.

Malaysia[edit]

Malaysia had been subsidising gasoline since 1983[23] and recently had been spending US$6.7 billion on subsidising gasoline, diesel and gas each year.[24][25] On 5 June 2008 gasoline prices increased by 40% to MYR2.70/litre (US$3.30 a gallon), from MYR1.92/litre (US$2.32 a gallon). Diesel prices rose by MYR1.00/litre to MYR2.58 (US$3.04 per gallon), a 63% increase. It was announced that price increases were planned to bring fuel prices in line with global market cost, suggesting that it may hit US$3.80 per gallon by August. The Malaysian government has also announced a one-off cash rebate of MYR625 per year to Malaysian citizens who own cars with an engine capacity of 3,000 cc or less and MYR200 tax rebate to cars with an engine capacity of 3,000 cc and above to offset the increased costs.[26] The government introduced a temporary ban on buying fuel within 50 km of the country border, but the ban was suspended following a price increase on 7 June 2008 for petrol of 41% (to MYR2.70 a litre) and for diesel of 63% (to MYR2.58).[27]

On 22 June 2008, the Malaysian government announced plans to set up separate pumps at its border petrol stations to sell fuel to foreigners at market rates so that only locals can benefit from subsidised petrol. The new pumps will target Singaporeans and Thais who make day trips across the border to fill their tanks with cheaper fuel there, although Singapore-registered cars must have their tanks at least three-quarters full before they will be permitted to leave Singapore in any case. Petrol stations within 50 km (31 mi) of the country's northern border with Thailand or southern border with Singapore would be affected.[28] Recently, the fuel price has dropped to MYR 2.45 and it has dropped for the second time. A further reduction was made on 1 November 2008. RON97 petrol was reduced from MYR2.30 per litre (MYR8.7/US gal) to MYR2.15 a litre, RON92 petrol from MYR2.20 to MYR2.05 a litre (MYR8.3/US gal to MYR7.8/US gal), and diesel from MYR2.20 to MYR2.05 per litre The Government revealed that it had ceased subsidizing petrol as of 1 November 2008 when the price of oil dipped below US$65 per barrel. However subsidies were still being paid for diesel and natural gas.[29]

On 18 November 2008, the Malaysian government made further reductions in the price of gasoline cut pump prices by seven per cent to MYR2.00 ringgit per litre and diesel by 15 sen to MYR1.90 per litre. The government said that at current prices they were making about 30 sen per litre in sales. Then again on 3 December, petrol prices were reduced further. Gasoline prices were reduced 10 sen to MYR 1.90 per litre and as for diesel, they were reduced 10 sen to MYR 1.80 per litre.[30] On 16 December 2008 the price of RON97 petrol is was reduced further to MYR1.80, while RON92 is selling at MYR1.70 per litre (MYR6.4/US gal). The pump price of diesel was also reduced to MYR1.70 a litre.[31]

From 1 September 2009 however, the price for RON97 increased to MYR2.05, while RON92 has been discontinued and replaced with RON95, at a price of MYR1.80.[32] On 16 July 2010, petrol prices across the board was raised by 5 sen, which brought the prices of RON95, RON97 and diesel to MYR1.85, MYR2.10 and MYR1.75 per litre respectively. Since then, RON97 floats with government controlled revision reflecting the global crude oil prices. As of 1 August 2010 only Malaysian-registered petrol vehicles may purchase RON95 fuel; foreign-registered vehicles (mainly from Singapore and Thailand) by law can only purchase RON97 (or diesel) at Malaysian service stations.

On 1 April 2011, RON97 increased from MYR2.50 to MYR2.70. In May 2011, RON97 further increased to MYR2.90, another record high for RON97 in Malaysia. A drop of MYR0.10 in June 2011 brings it to MYR2.80 per litre, the first price reduction since RON97 was floated at market rates.

On 3 September 2013, the price for RON 95 increased from MYR1.90 to MYR2.10, RON97 from MYR2.70 to MYR2.85, and diesel from MYR1.80 to MYR2.00.[33][34] This was further increased on 2 October 2014, whereby RON 95 would cost MYR2.30 and diesel would cost MYR2.20 per litre.[35][36] Starting on 1 December 2014, Malaysia abolished fuel subsidies and began using a managed float system, in order to control the country's large current account deficit.[37][38]

Typical gasoline prices around the world[edit]

See fuel tax for tax information by country.

The Deutsche Gesellschaft für Internationale Zusammenarbeit (German Agency for International Cooperation) (GIZ) has published a list of worldwide gasoline prices by country every year since 1991. The results for 2010/2011 can be seen in this document. Two week updates for European countries can be consulted at the website of the Touring Club Switzerland.

Up to date prices for gasoline (unleaded) are available at http://www.mytravelcost.com/petrol-prices/

Country/Territory US$/L
(95 RON)
US$/US gallon
(95 RON)
Local units Date of price Sources
Albania 1.44 5.45 ALL165/L (€1.18) (RON 95)
ALL160/L (€1.14) (Diesel)
13 Aug 2011
Algeria 0.41 1.55 30DA/L 95 octane (rare down south)
regular 23DA/L
diesel DA14/L or US$0.2
7 Nov 2010 [1]
Anguilla 1.45 5.49 EC$17.79/imperial gallon (regular) 19 May 2011 [2]
Antigua and Barbuda 0.84 3.18 EC$9.95/imperial gallon (regular)
EC$10.95/imperial gallon (diesel)
12 Feb 2009 [3]
Andorra 1.64 6.21 €1.142/L (95)
€1.192/L (98)
€1.032/L (diesel)
6 Apr 2011 tcs.ch [4]
Angola 0.62 2.35 13 July 2011 Angola Gasoline Price
Argentina 0.92 3.48 ARS $11.98/L (95)
ARS $12.98/L (98)
ARS $10.59/L (diesel)
27 Aug 2014 [5]
Aruba 1.10 4.16 Fl. 1.93/L 12 Dec 2009 [6]
Australia 1.36 5.15 A$1.517/L (RON 91)
A$1.601/L (diesel)
A$0.932/L (LPG)
24 Jan 2014 [7] [8] [9]
Austria (Vienna) 1.95 7.38 €1.491/L (95)
€1.633/L (98)
€1.446/L (diesel)
€0.991/Kg (CNG-Methane)
6 Apr 2011 tcs.ch [10]
Azerbaijan 1.00 3.79 AZN 0.70/L (AI-80, AI-92)
AZN 0.80/L (AI-95)
AZN 1.50/L (AI-98)
AZN 0.60/L (L-62 Diesel)
2 Dec 2013 [11]
Bahamas 1.24 4.69 US$4.70/US gallon (reg) 13 Mar 2011 [12]
Bahrain 0.27 1.02 BHD 0.100/L (95 RON)
BHD 0.080/L (91 RON)
BHD 0.120/L (Diesel)
25 Dec 2013 [13]
Barbados 1.59 6.02 Bd$3.60/L (reg)
Bd$2.95/L (diesel)
19 Oct 2014 [14]
Belarus 1.07 4.1 Br3240/L (95)
Br2580/L (Diesel)
12 May 2010 [15]
Belgium 2.23 8.44 €1.719/L (Eurosuper 95)
€1.759/L (Super Plus 98)
€1.538/L (Diesel)
€0.713/L (LPG)
8 May 2012 [16]
Belize 1.40 5.30 BZ$10.18/US gallon (regular)
BZ$10.59/US gallon (premium)
BZ$10.24/US gallon (diesel)
21 Dec 2011 [17]
Bermuda 1.80 6.81 BMD1.80/L (Super)
BMD1.60/L (Diesel)
30 Jul 2010 [18]
Bolivia 0.54 2.04 B3.74/L (super)
B3.72/L (diesel)
30 Dec 2010 [19]
Bonaire 1.34 5.07 USD 1.34/L (super)
USD 0.914/L (diesel)
5 Apr 2011 [20]
Bosnia and Herzegovina 1.66 6.28 KM2.25/L (95)
KM2.30/L (diesel)
6 Apr 2011 tcs.ch [21]
Brazil 1.35 5.11 R$2.98/L 3 Mar 2013 [22]
British Virgin Islands 1.32 5.00 US$4.99/US gallon (reg) 3 May 2011 [23]
Brunei 0.39 1.48 BR$0.53/L 5 Jun 2008 Brunei Press Sdn Bhd [24]
Bulgaria 1.72 6.51 BGN 2.57/L (95)
BGN 2.73/L (98)
BGN 2.62/L (diesel)
7 Mar 2012 shofior.com [25]
Burma 1.06 4.01[39] K3100/imperial gallon (regular)
K3300/imperial gallon (diesel)
21 Nov 2008 [26]
Cambodia 1.325 5.02 KhR5300/L 16 Jun 2014
Canada 1.18 4.47 C$1.16/L 19 Dec 2012 [27]
Cape Verde 1.40 5.30 Esc103.7/L (gasoline)
Esc83.4/L (diesel)
23 Mar 2009 [28]
Cayman Islands 1.03 3.90 KYD3.79/imperial gallon (regular)
KYD3.75/imperial gallon (diesel)
11 Sep 2009 [29]
Chile 1.36 5.15 CLP 592/L 23 Dec 2010 [30]
China 1.06 4.01 RMB 6.46/L 8 Feb 2012 [31]
Colombia 1.09 4.13 COL$8000/US gallon (81 Octanos)
COL$9595/US gallon (87 Octanos)
30 Nov 2010 [32]
Costa Rica 1.43 5.41 718/L (super)
₡640/L (diesel)
5 Feb 2013 [33]
Croatia 1.87 7.08 HRK 10.27/L (95)
HRK 10.59/L (98)
HRK 9.38/L (diesel)
13 Jun 2013 Croenergo [34]
Cuba 1.24 4.69 CUC1.15/L (95)
CUC1.30/L (98)
CUC1.10/L (diesel)
2 Mar 2011 [35]
Curaçao 1.13 4.28 ANG 2.0175/L (95 RON)
ANG 1.466/L (Diesel)
5 Apr 2011 [36]
Cyprus 1.680 6.36 €1,282/L (95 RON)
€1.333/L (98)
€1,327/L (Diesel)
16 Feb 2012 [37]
Czech Republic 1.85 7.00 CZK 34.90/L (95)
CZK 35.90/L (98)
CZK 34.50/L (diesel)
6 Mar 2014 tcs.ch [38]
Denmark 2.35 8.90 DKK 13.52/L (€1.81) (95)
DKK 12.04/L (€1.61) (diesel)
9 Oct 2012 OK [39]
Dominica 1.08 4.09 EC$13.19/imperial gallon (regular)
EC$13.12/imperial gallon (diesel)
29 Mar 2011 [40]
Dominican Republic 1.62 6.13 RD$234.5/US gallon (regular)
RD$202.2/US gallon (diesel)
23 Jul 2011 [41]
Ecuador 0.44 1.67 US$1.68/US gallon (super) 15 Nov 2011 [42]
Egypt 0.9 3.41 LE 1.60/L <80 octane
LE 2.60/L <92 octane
LE 6.25/L <95 octane
LE 1.8/L diesel ('solar')
5 Jul 2014 [43]
El Salvador 0.85 3.22 US$3.21/US gallon (regular)
US$2.97/US gallon (diesel)
21 Dec 2009 [44]
Eritrea 2.13 8.06 N32/L(petrol)
N12.6/L(diesel)
1 Jun 2009 [45]
Estonia 1.82 6.89 €1.394/L (95 RON)
€1.434/L (98 RON)
€1.379/L (diesel)
15 Aug 2012 http://www.viispluss.ee/
European Union (average prices) 2.05 7.76 €1.576/L (95 RON)
€1.473/L (diesel)
€0.99/Kg (CNG-Methane)
8 May 2012 [46]

[47]

Finland 2.33 8.82 €1.601/L (98E RON)
€1.364/L (Diesel)
6 Apr 2011 tcs.ch [48]
France 2.28 8.63 €1.585/L (95)
€1.468/L (diesel)
€1.226/Kg (CNG-Methane)
6 Apr 2011 tcs.ch [49]
Germany 2.09 7.91 €1.31/L (Super E5, 95 RON)
€1.36/L (SuperPlus E5, 98 RON)
€1.28/L (Super E10, 95 RON)
€1.17/L (Diesel)
6 Dec 2014 [50]
Greece 2.20 8.33 €1.599/L (unleaded)
€1.285/L (diesel)
6 Mar 2014 tcs.ch [51] fuelprices.gr [52]
Grenada 1.23 4.66 EC$15.12/imperial gallon (regular)
EC$15.43/imperial gallon (diesel)
15 Apr 2011 [53]
Guadeloupe 1.36 5.15 €1.07/L (95) 3 Feb 2009 [54]
Guatemala 0.64 2.42 Q19.99/US gallon(regular)
Q16.79/US gallon(diesel)
14 Apr 2009 [55]
Guyana 1.08 4.09 G$215.6/L (regular)
G$203.5/L (diesel)
17 Jan 2012 [56]
Haiti 0.89 3.37 G134/US gallon (95)
G109/US gallon (diesel)
1 Jan 2009 [57]
Honduras 0.87 3.29 L62.15/US gallon (regular)
L54.78/US gallon (diesel)
6 Sep 2009 [58]
Hong Kong 2.24 8.48 HK$18.33/L (Super Unleaded, RON98)
HK$17.34/L (Unleaded, RON95)
HK$12.72/L (Diesel)
9 Feb 2013 Shell Hong Kong/[59]
Hungary 2.14 8.10 HUF 415/L (95),
HUF 440/L (diesel)
HUF 350/L (E85)
HUF 221/L (LPG)
14 Jan 2012 Holtankoljak [60]
Iceland 2.09 7.91 ISK 266/L (€1.57) (95)
ISK 265/L (€1.57) (diesel)
30 Mar 2012 [61]
India 0.85 3.22 INR 64.25/L (Petrol)
INR 53.35/L (diesel)
INR 414/14.2 kg (Domestic LPG)
1 Nov 2014 [62]
Indonesia 1.22 4.62 Rp 8500/L (subsidized)(RON 88)
Rp 10,200/L (RON 92)
Rp 11,600/L (RON 95)
Rp 35000 (RON 100)
Rp 7500/L (subsidized)(Diesel)
18 Nov 2014 [63]
Iran 0.39 1.48 10000 Rials/L petrol (7000 rationed)
5000 Rials/L diesel (2500 rationed)
25 Apr 2014 The Petroenergy Information Network Of Iran [64]
Iraq 0.38 1.44 ID 450/L (95 Octane)
ID 000/L (98 Octane)
ID 400/L (Diesel)
3 Apr 2013 [65]
Ireland 2.15 8.14 €1.490/L (Unleaded 95)
€1.450/L (Diesel)
6 Apr 2011 tcs.ch [66]
Israel 2.14 8.10 ILS 7.54/L (95)
ILS 7.8/L (diesel)
ILS 4.21/L (LPG-autogas)
12 Feb 2014
Italy 2.31 8.74

€1.748/L (Eurosuper)
€1.907/L (98 RON)
€1.660/L (Diesel)
€1.774/L (Special_Diesel)
€0.768/L (LPG-autogas)
€0.989/Kg (CNG-Methane)
National average, does not include self-service discounts.

7 Oct 2013 [67]
Italy - Livigno (tax free) 1.53 5.79 €1.07/L (95 Octane)
€0.963/L (Diesel)
1 Nov 2014 [68]
Jamaica 1.16 4.39 J$99.31/L (90)
J$102.75/L (diesel)
11 Jan 2012 [69]
Japan 1.84 6.97 ¥152.7/L 25 Apr 2011 The Oil Information Center Japan [70]
Jordan 1.3 4.92 JD 0.93/L Unleaded Octane 95 (US$1.31/L)
JD 0.765/L Unleaded Octane 90 (US$0.93/L)
D0.665/L (Diesel)
28 Feb 2013
Kazakhstan 0.98 3.71 KZT145/L (unleaded 95)
KZT106/L (unleaded 92)
2 Nov 2011
Kenya 1.16 4.4 Sh94/L (Super)
Sh87/L (Diesel)
19 Dec 2010 [71]
Kuwait 0.224 0.85 KWD 0.060/L (91)
KWD 0.065/L (95)
KWD 0.090/L (98)
30 Jun 2010 KNPC (fixed prices) [72]
Latvia 1.80 6.81 LVL 0.887/L (95)
LVL 0.902/L (diesel)
6 Apr 2011 tcs.ch [73]
Liberia 1.07 4.05 L$280/US gallon 11 Sep 2009
Libya 0.17 0.64 LD 0.2/L (95), LD 0.15/L (diesel)
Oct 2010: LD135 fuel tax at border for foreign vehicles
7 Nov 2010 [74]
Lithuania 1.92 7.27 LTL 4.60/L (95)
LTL 4.74/L (diesel)
6 Apr 2011 tcs.ch [75]
Luxembourg 1.83 6.93 EuroSuper 95 €1.41/L
SuperPlus 98 €1.423/L
Diesel €1.272/L
8 May 2012 tcs.ch [76]
Macedonia 1.71 6.47 MKD 78.5/L (€1.28) (RON 98)
MKD 77/L (€1.25) (RON 95)
MKD 65.5/L (€1.07) (Diesel)
2 Sep 2011 tcs.ch [77]
Malaysia 0.69 2.61 MYR 2.46/L (RON97)
MYR 2.26/L (RON95)
MYR 2.23/L (Diesel)
1 Dec 2014 [78]
Malta 1.61 6.1 €1.43/L (Super)
€1.33/L (Diesel)
7 Aug 2011 [79]
Martinique 1.36 5.15 €1.07/L (95) 3 Feb 2009 [80]
Mauritania 0.94 3.6 UM265/L petrol
UM225/L diesel
Prices 10-20% more up north
7 Nov 2010 [81]
Mexico (Mexico City) 0.77 2.91 MX$10.09/L(Magna 87)
MX$10.78/L(Premium 92)
14 Apr 2012 Pemex [82]
Moldova 1.32 5.00 MDL 15.78/L (95)
MDL 15.07/L (diesel)
6 Apr 2011 tcs.ch [83]
Monaco 1.87 7.08 €1.30/L(95)
€1.39/L(98)
€1.11/L(diesel)
26 Dec 2009 [84]
Montenegro 1.61 6.09 €1.29/L (95)
€1.190/L (Diesel)
22 Nov 2014 tcs.ch [85]
Montserrat 1.40 5.30 EC$17.19/imperial gallon (regular) 4 May 2011 [86]
Morocco 1.50 5.7 MAD 12.65/L (€1.50) (95)
MAD 8.65/L (€1.02) (Diesel)
14 May 2013
Mozambique 0.77 2.91 MTn 23.1/L (regular)
MTn 22.45/L (diesel)
17 Nov 2009 [87]
Netherlands 2.47 9.35 €1.887/L (Euro95)
€1.531/L (Diesel)
€1.949/L (Superplus)
5 Sep 2012 [88]
New Zealand 1.81 6.85 NZ$2.199/L (91 octane)
NZ$2.279/L (95 octane)
NZ$1.569/L (diesel)
13 Aug 2012 [89]
Nicaragua 0.96 3.63 C$19.98/L (premium)
C$17.26/L (diesel)
24 Aug 2009 [90]
Nigeria (Lagos) 0.87 3.29 N141/L 1 Jan 2012 [91]
North Korea 0.77 2.91 KP? 111/L 26 Dec 2009 [92], estimated
Norway 2.66 10.07 NOK 15.78/L (95)
NOK 14.44/L (Diesel)
6 May 2014 adressa.no [93]
Oman 0.31 1.17 0.12 Rials/L 1 Aug 2010 (95 Octane) [94]
Pakistan 0.56 2.12 PKR 84.53/L (Unleaded Premium)
PKR 106.27/L (Unleaded-Hi Octane)
PKR 94.09/L (Diesel)
PKR 82.03/L (E10 Gasoline)
PKR 71.50 to 76.35/KG (CNG)
Dec 1, 2014 Oil and Gas Regulatory Authority [95]

Pakistan State Oil [96]

Palestine (West Bank) 2.04 7.72 NIS 6.95/L (95/diesel) 1 Oct 2011
Panama 1.15 4.35 US$3.35/US gallon (95)
US$2.99/US gallon (diesel)
10 Jul 2014 [97]
Peru (Lima) 1.62 6.13 PEN S/.16.00/US gallon (95 Octane)
S/.8.46/US gallon (diesel)
26 Dec 2009 PSO/[98]
Philippines (Manila) 1.295 4.90 P 54.00/L 25 Sep 2012 Shell Philippines [99]
Poland 1.81 6.85 PLN 5.59/L (95)
PLN 5.67/L (diesel)
3 Feb 2012 tcs.ch [100]
Portugal 2.08 7.87 €1.597/L (95)
€1.759/L (98)
€1.429/L (Diesel)
€0.894 (Autogas)
7 Jan 2014 maisgasolina.com [101]
Portugal - Azores (tax free) 1.97 7.46 €1.370/L (95 Octane)
€1.430/L (98 Octane)
€1.190/L (Diesel)
6 Apr 2011 tcs.ch [102]
Portugal - Madeira (tax free) 2.09 7.91 €1.454/L (95 Octane)
€1.594/L (98 Octane)
€1.312/L (Diesel)
6 Apr 2011 tcs.ch [103]
Puerto Rico 0.96 3.63 $0.957/L (95)
$0.987/L (98)
$0.997/L (Diesel)
8 Apr 2011 [104]
Qatar (Doha) 0.22 0.83 QAR 1.00/L (97 Octane)
QAR 0.85/L (90 Octane)
22 Jan 2011 [105] / The General Secretariat for Development Planning - State of Qatar
Romania (Bucharest) 1.99 7.53 RON 6.33/L (95)
RON 6.36/L (diesel)
1 Apr 2014 gazonline.ro [106]
Russia (Moscow) 0.94 3.56 RUR 30.29/L (RON 98)
RUR 27.29/L (RON 95)
RUR 25.89/L (RON 92)
RUR 23.49/L (RON 80)
RUR 25.29/L (Winter diesel)
24 Feb 2011
Russia (Kaliningrad) 0.91 3.44 RUR 25.3/L (diesel) 15 Jul 2011 [107]
Saudi Arabia (Riyadh, Jeddah) 0.16 0.61 SAR 0.45/L (91 RON)
SAR 0.60/L (95 RON)
13 Sep 2011 [108]

(fixed prices)

Serbia 1.92 7.27 EuroPremium 95 RSD 166.7/L (€1.46/L)
Premium 95 RSD 157.9/L (€1.39/L)
EuroDiesel RSD 161.4/L (€1.42)
31 Oct 2012
Sierra Leone 1.05 3.97 Le4500/L 27 May 2011 [40]
Singapore 1.67 6.32 S$2.50/L (RON 98)
S$2.16/L (RON 95)
S$2.10/L (RON 92)
S$2.00/L (Diesel)
21 Jun 2011 Singapore Petroleum Company [109]
Slovakia 1.98 7.50 €1.490/L (95 Natural)
€1.429/L (Diesel)
€0.695/L (LPG)
23 Jan 2012 Online current prices in Slovakia - BenzinSK [110]
Slovenia 1.88 7.12 €1.412/L (95 Octane)
€1.428/L (100 Octane)
€1.302/L (Diesel)
9 Feb 2012 tcs.ch [111]
South Africa 1.21 4.58 R13.59/L 4 Feb 2014 [112]
South Korea 1.81 6.85 KRW 2,043.61/L 31 Mar 2012 [113]
Spain 1.78 6.74 €1.33/L (95 RON)
€1.29/L (Diesel)
6 Apr 2011 tcs.ch [114]
Spain - Canary Islands (tax free) 1.43 5.41 €0.99/L (95 RON)
€0.91/L (Diesel)
6 Apr 2011 tcs.ch [115]
Sri Lanka 1.21 4.58 LKR 158/L (95 Octane)
LKR 150/L (90 Octane)
LKR 111/L (Diesel)
20 Dec 2014 [41][42]

[43]

St Kitts and Nevis 1.40 5.30 EC$17.20/imperial gallon (regular) 4 May 2011 [116]
St Lucia 1.00 3.79 EC$2.70/L (regular)
EC$2.66/L (diesel)
25 Nov 2009 [117]
St Vincent and the Grenadines 1.11 4.20 EC$13.60/imperial gallon (regular) 19 May 2011 [118]
Suriname 1.55 5.87 SR$5/L 15 Aug 2011 [119]
Sweden 2.1 7.95 SEK 14.53/L (95),
SEK 14.90/L (98),
SEK 14.24/L (diesel)
3 Apr 2013 tcs.ch [120]
Switzerland 2.09 7.91 CHF 1.81/L (Bleifrei 95)
CHF 1.87/L (Super Plus 98)
CHF 1.94/L (diesel)
6 Apr 2011 tcs.ch [121]
Switzerland - Samnaun (tax free) 1.68 6.36 CHF 1.50/L (RON 95)
CHF 1.49/L (€1.05/L) (Diesel)
14 Apr 2011 Service station [122]
Syria 0.8333 3.15 SY 50 pound/L (unleaded)
SY 15 pound/L (Diesel)
3 Jan 2012
Taiwan 1.2034 4.56 NT$34.0/L (92 unleaded)
NT$35.5/L (95 unleaded)
NT$37.5/L (98 unleaded)
2 Apr 2012 [123]
Togo 1.22 4.62 CFA567/L (regular)
CFA599/L (diesel)
6 Jun 2011 [124]
Thailand 1.42 5.38 ฿37.38/L (Gasohol 95-E10)
฿43.75/L (RON 91), ฿35.38/L (Gasohol 91-E10)
฿32.19/L (Diesel)
24 Nov 2012 PTT Thailand [125]
Trinidad and Tobago 0.64 2.42 TT$2.70/L (92)
TT$5.75/L (95)
TT$1.50/L (diesel)
1 Dec 2011 [126]
Tunisia 0.99 3.75 TND 1.27/L (€0.67) (95 RON)
TND 0.91/L (€0.48) (Diesel)
24 Sep 2009 [127]
Turks and Caicos 1.46 5.53 US$5.529/US gallon (super)
US$5.469/US gallon (diesel)
21 Apr 2011 [128]
Turkey 1.88 7.12 TL 4,32/L (95 RON)
TL 4.34/L (Diesel)
12 Dec 2014 [129]
Turkmenistan 0.19 0.72 TMN 0.54 /L

I -

13 Sep 2011 [130]
UAE 0.498 1.89 AED 1.72/L (95 Octane)
AED 1.83/L (98 Octane)
AED 2.60/L (Diesel)
31 Dec 2011 [131]
[132]
Ukraine 1.15 4.35 UAH 16.00/L (95 Octane)
UAH 16.00/L (diesel)
25 Oct 2014 i.ua [133]
United Kingdom 1.95 7.38 £1.23/L (Unleaded)
£1.32/L (Super)
£1.28/L (Diesel)
11 Nov 2014 [134]
United States 1.024 3.88 $3.49/US gallon
$4.01/US gallon (diesel)
5 Nov 2012 [135]
Uruguay (Montevideo) 1.52 5.75 U$29.7/L 26 Dec 2009 [136]
Uzbekistan 1.07 4.05 UZ SUM 1755/L (95) 1 Jan 2011 [137]
Venezuela 0.015 0.06 BsF. 0.097/L (95)
BsF. 0.070/L (91)
BsF. 0.048/L (diesel)
12 Dec 2010 [138] (fixed prices 6.30BsF/$2013) (at "non-essential" exch. rate)
Vietnam 1.11 4.20 VND 25,070/L (RON 95)
VND 24,570/L (RON 92)
VND 22,310/L (Diesel)
18 Jul 2013 Petrolimex [139]
Yemen 0.73 2.76 150 Rials/L (diesel) 9 Sep 2009 [140]
Zambia 1.61 6.09 ZK7639/L (Gasoline) 24 Sep 2010 [141]

Protests[edit]

India[edit]

Wide protests on petrol price hikes have been frequent in the last 4–5 years. On 24 May 2012 the petrol price was hiked by 7.50, resulting prices in the range of ₹73 - 82 all over the country.[44] Opposition had declared a bandh on 31 May 2012 across the country to protest against the price hike,[45] which evoked mixed response, amid incidents of stone pelting, arson and road blockades in some parts of the country.[46][47]

See also[edit]

References[edit]

  1. ^ a b Deutsche Gesellschaft für Internationale Zusammenarbeit (German Agency for International Cooperation). "International Fuel Prices 2010/11" (PDF). Retrieved 27 March 2013. 
  2. ^ a b Fueling America: A Snapshot of Key Facts and Figures Retrieved 7 August 2012
  3. ^ Ana Campoy (20 June 2008). "Prices Curtail US Gasoline Use". Wall Street Journal. p. A4. 
  4. ^ Clifford Krauss (19 June 2008). "Driving Less, Americans Finally React to Sting of Gas Prices, a Study Says". New York Times. Retrieved 6 January 2013. 
  5. ^ "Weekly Retail Gasoline and Diesel Prices". US EIA. Retrieved 6 January 2013. 
  6. ^ US Energy Information Administration. "US Product Supplied for Crude Oil and Petroleum Products". Retrieved 25 May 2007. 
  7. ^ What do I pay for in a gallon of regular gasoline? US Energy Information Administration. Retrieved 7 August 2012.
  8. ^ a b Kliesen, Kevin L. "Rising Natural Gas Prices And Real Economic Activity". Review (00149187) 88.6 (2006): 511-526. Academic Search Premier. Web. 12 February 2013
  9. ^ Rittenberg and Tregarthen. Principles of Microeconomics: Chapter 4. Retrieved 19 June 2012.
  10. ^ File:Benzinpreis.png
  11. ^ "European Prices in Chart"
  12. ^ Deo, Ritwik (October 2012). "Petrol prices on the slide". My Family Club. 
  13. ^ Venezuela: Land of 12-Cent Gas
  14. ^ GTZ: Fuel Price Reform in Bolivia
  15. ^ Iranian targeted subsidy plan.
  16. ^ BBC: Nigeria fury as fuel prices double after subsidy ends leading to protest and riots in certain parts of the country.
  17. ^ http://www.signonsandiego.com/news/mexico/tijuana/20081127-9999-1b27gas.html
  18. ^ Wall Street Journal: "Fill 'er Up: Gas Is Cheap in Tijuana, So Californians Buy Big Fuel Tanks" By JOEL MILLMAN and ANA CAMPOY 24 June 2008; Page A1
  19. ^ http://www.abc.es/internacional/20130515/abci-venezuela-gasolina-201305142039.html Venezuela is going bankrupt for having the cheapest gasoline in the world (ABC Spain - in Spanish)
  20. ^ http://www.thanhniennews.com/index/pages/20130718-vietnam-retail-gasoline-prices-rise-peak-since-march.aspx Vietnam retail gasoline prices reach all-time high
  21. ^ AFP: Indonesian police, protesters clash over fuel price hike: reports
  22. ^ http://www.bloomberg.com/news/2014-11-21/indonesian-rupiah-heads-for-weekly-gain-after-fuel-subsidies-cut.html
  23. ^ http://www.iisd.org/gsi/sites/default/files/ffs_malaysia_czguide.pdf
  24. ^ http://abcnews.go.com/International/wireStory/malaysia-axes-fuel-subsidies-oil-prices-drop-27075677
  25. ^ AP (3 June 2008). "Malaysia to lift fuel price controls". Associated Press For Petrol price : old price = rm$1.92/litre (US$0.59/litre or US$2.22/Gallon) increase to new price rm$270.00/litre (US$0.83/litre = US$3.12/Gallon, base on US$1 = MYR$3.27); For Diesel price : old price = MYR$1.58/litre (US$0.48/litre or US$1.83/Gallon) increase to new price MYR$2.58/litre (US$0.79/litre = US$2.98/Gallon, base on US$1 =MYR$3.27);. Retrieved 20 July 2008. 
  26. ^ AP (4 June 2008). "Malaysia considers cash handouts as fuel hike looms". Associated Press. Retrieved 4 June 2008. 
  27. ^ Reuters (5 June 2008). "Malaysia lifts ban on fuel sales to foreigners". Reuters UK. Retrieved 5 June 2008. 
  28. ^ Channel Newsasia (22 June 2008). "Malaysia to set up separate border petrol pumps for foreigners". Channel Newsasia. Retrieved 22 June 2008. 
  29. ^ Malaysian Insider (18 November 2008). "Malaysians are now paying petrol tax". Malaysian Insider. Retrieved 18 November 2008. 
  30. ^ "M'sia to dump petrol subsidy?". The Straits Times. 19 November 2008. Retrieved 19 November 2008. 
  31. ^ "Petrol and diesel down 10 sen". 16 December 2008. Retrieved 16 December 2008. 
  32. ^ "RON95 price up 5 sen to MYR1.80". 1 September 2009. Retrieved 1 September 2009. 
  33. ^ http://www.thestar.com.my/News/Nation/2013/09/04/ron-97-price-hike.aspx
  34. ^ http://www.themalaysianinsider.com/malaysia/article/impact-of-fuel-price-hike-on-consumers-will-be-widespread-warns-fomca?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+tmi%2Fnews%2Fallnews+%28TMI+-+All+News%29
  35. ^ http://www.themalaysianinsider.com/malaysia/article/petrol-diesel-prices-up-by-20-sen-from-midnight
  36. ^ http://www.themalaymailonline.com/malaysia/article/fuel-prices-at-pumps-up-after-midnight
  37. ^ http://www.bbc.com/news/business-30140728
  38. ^ http://www.freemalaysiatoday.com/category/nation/2014/11/21/putrajaya-scraps-subsidies-for-ron95-diesel/
  39. ^ $0.001149 on unofficial exchange rate
  40. ^ Sierra Leone: Transportation costs, petrol price hike reversed (Press Release) 31 May 2011. Retrieved 7 August 2012
  41. ^ "Sri Lanka sharply raises fuel prices". AFP. 24 May 2008. Retrieved 8 June 2008. 
  42. ^ "Sri Lanka increases fuel prices with immediate effect". Colombo Page. 25 May 2008. Retrieved 8 June 2008. 
  43. ^ "Current Product Prices (Effect from 05th midnight of December 2014)". Ceypetco. 5 December 2014. Retrieved 20 December 2014. 
  44. ^ Agencies (24 May 2012). "Petrol price hiked by Rs. 7.50, oil firms say can't help it". Hindustan Times. Retrieved 24 May 2012. 
  45. ^ "Petrol price hike: Opposition unites to call for all India bandh on May 31". The Times Of India. Retrieved 24 May 2012. 
  46. ^ Press Trust of India (31 May 2012). "Bharat bandh: Mixed response to nationwide strike against petrol price hike". The Times of India (New Delhi, India). Retrieved 31 May 2012. 
  47. ^ NDTV Correspondent (31 May 2012). "Bharat Bandh: Nationwide protests on petrol price hike evoke mixed response". NDTV (New Delhi, India). Retrieved 31 May 2012. 

External links[edit]

United States[edit]

International[edit]