Gasoline Prices in Kuwait remained unchanged at 0.28 USD/Liter in June. This dataset provides the latest reported value for - Kuwait Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Kuwait KW: Pump Price for Gasoline: USD per Liter data was reported at 0.350 USD in 2016. This records an increase from the previous number of 0.220 USD for 2014. Kuwait KW: Pump Price for Gasoline: USD per Liter data is updated yearly, averaging 0.225 USD from Dec 1998 (Median) to 2016, with 10 observations. The data reached an all-time high of 0.350 USD in 2016 and a record low of 0.170 USD in 1998. Kuwait KW: Pump Price for Gasoline: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Kuwait – Table KW.World Bank.WDI: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;

In June of 2024, the average price of petrol per liters in Kuwait stood at 0.11 Kuwaiti dinar. The petrol price per liters in Kuwait was stable at 0.11 Kuwaiti dinar since the first quarter of 2019.

Kuwait KW: Pump Price for Diesel Fuel: USD per Liter data was reported at 0.310 USD in 2016. This records an increase from the previous number of 0.190 USD for 2014. Kuwait KW: Pump Price for Diesel Fuel: USD per Liter data is updated yearly, averaging 0.200 USD from Dec 1998 to 2016, with 10 observations. The data reached an all-time high of 0.310 USD in 2016 and a record low of 0.130 USD in 1998. Kuwait KW: Pump Price for Diesel Fuel: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Kuwait – Table KW.World Bank: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of diesel fuel. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;

This dataset provides values for GASOLINE PRICES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

For the third year in a row, the Kuwaiti wood fuel market recorded growth in sales value, which increased by 14% to $2.8M in 2024. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2024: its value increased at an average annual rate of +6.5% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +62.1% against 2021 indices.

In 2022, the total fuel cost of electric power stations and water distillation processes in Kuwait amounted to around 3.4 billion Kuwaiti dinar. This indicated a significant increase from the 2.08 billion reported in the previous year.

In 2023, imports of wood fuel into Kuwait soared to 8.6K cubic meters, increasing by 39% compared with 2022.

The 2025 annual OPEC oil price stood at ***** U.S. dollars per barrel, as of May. This would be lower than the 2024 average, which amounted to ***** U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq. The OPEC Reference Basket The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima. Benchmark crude oil The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2025 fall in prices was the result of weakened demand outlooks exacerbated by extensive U.S. trade tariffs.

Kuwait Consumer Price Index (CPI): Housing Services: Fuel and Power: Gas data was reported at 100.000 2000=100 in Mar 2013. This stayed constant from the previous number of 100.000 2000=100 for Feb 2013. Kuwait Consumer Price Index (CPI): Housing Services: Fuel and Power: Gas data is updated monthly, averaging 100.000 2000=100 from Jan 2005 (Median) to Mar 2013, with 99 observations. The data reached an all-time high of 100.000 2000=100 in Mar 2013 and a record low of 100.000 2000=100 in Mar 2013. Kuwait Consumer Price Index (CPI): Housing Services: Fuel and Power: Gas data remains active status in CEIC and is reported by Central Statistical Bureau. The data is categorized under Global Database’s Kuwait – Table KW.I005: Consumer Price Index: 2000=100.

United States Natural Gas Exports: Avg Price: LNG: To Kuwait: From Calcasieu Pass, Louisiana data was reported at 8.150 USD/1000 Cub ft in Jul 2023. This records a decrease from the previous number of 43.630 USD/1000 Cub ft for Sep 2022. United States Natural Gas Exports: Avg Price: LNG: To Kuwait: From Calcasieu Pass, Louisiana data is updated monthly, averaging 25.890 USD/1000 Cub ft from Sep 2022 (Median) to Jul 2023, with 2 observations. The data reached an all-time high of 43.630 USD/1000 Cub ft in Sep 2022 and a record low of 8.150 USD/1000 Cub ft in Jul 2023. United States Natural Gas Exports: Avg Price: LNG: To Kuwait: From Calcasieu Pass, Louisiana data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P015: Natural Gas Export Price: Liquefied Natural Gas.

Kuwait: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2020 is 1.7 percent, an increase from 1.18 percent in 2019. In comparison, the world average is 0.48 percent, based on data from 183 countries. Historically, the average for Kuwait from 1971 to 2020 is 0.83 percent. The minimum value, 0.21 percent, was reached in 1982 while the maximum of 1.7 percent was recorded in 2020.

Kuwait KW: Natural Gas Rents: % of GDP data was reported at 0.625 % in 2016. This records a decrease from the previous number of 0.742 % for 2015. Kuwait KW: Natural Gas Rents: % of GDP data is updated yearly, averaging 0.321 % from Dec 1970 (Median) to 2016, with 46 observations. The data reached an all-time high of 0.874 % in 2013 and a record low of 0.001 % in 1971. Kuwait KW: Natural Gas Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Kuwait – Table KW.World Bank: Land Use, Protected Areas and National Wealth. Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted Average;

The Kuwait Oil & Gas market, valued at approximately $XX million in 2025 (assuming a reasonable market size based on regional context and industry benchmarks), is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 3% from 2025 to 2033. This growth is primarily driven by increasing domestic energy demand fueled by population growth and industrial expansion, coupled with Kuwait's strategic role as a significant global oil producer. Furthermore, government investments in infrastructure development, including pipeline modernization and expansion, are expected to contribute significantly to market expansion. Trends such as the adoption of advanced technologies for enhanced oil recovery and exploration, and a growing focus on environmental sustainability within the sector, will also shape market dynamics. However, global energy transition trends towards renewable energy sources pose a potential restraint, requiring the Kuwaiti oil and gas sector to adapt and diversify its offerings and explore options for carbon capture and storage. The market is segmented into upstream (exploration and production), midstream (transportation and storage), and downstream (refining and marketing) sectors, each contributing to the overall market value and growth trajectory. Key players, including Boubyan Petrochemical Company, BP PLC, Chevron Corporation, and Kuwait Petroleum Corporation, are actively involved in shaping the market's competitive landscape. The forecast period (2025-2033) suggests significant opportunities for market players focused on technological advancements, operational efficiency, and sustainability initiatives. The Upstream segment is likely to witness substantial investment due to ongoing exploration activities and the need for enhanced oil recovery techniques. Midstream players will focus on improving pipeline infrastructure and storage capacity to ensure efficient transportation. Downstream activities will be driven by both domestic and export market demands, requiring investments in refining capacity and product diversification. While global economic conditions and fluctuating oil prices pose inherent risks, Kuwait's substantial oil reserves and proactive government policies make the country's oil and gas market a promising area for sustained long-term growth. The competitive landscape is characterized by both international and national players, each vying for market share through strategic partnerships and investments in innovative technologies. Notable trends are: Downstream Sector to be the Fastest Growing Segment.

The Kuwait Oil & Gas Market size was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, exhibiting a CAGR of 3.00">> 3.00 % during the forecast's periods.The Kuwait Oil and Gas Market serves as a crucial element within the global energy landscape, propelled by the nation's significant reserves and production capabilities. As one of the foremost oil producers in the Middle East, Kuwait significantly influences both regional and international oil markets. The sector is marked by a commitment to sustaining and enhancing production levels through investments in cutting-edge technologies and infrastructure upgrades. Currently, Kuwait's oil and gas industry is experiencing a transformative phase, with a pronounced focus on improving efficiency, lowering operational costs, and embracing sustainable practices to comply with changing environmental regulations. The government's strategic initiatives aim to diversify the energy portfolio, which includes investments in both upstream and downstream projects, as well as the exploration of new avenues such as liquefied natural gas (LNG) and renewable energy sources. These initiatives are designed to secure long-term energy stability and optimize the economic advantages derived from hydrocarbon resources. Furthermore, the market is affected by global oil price variations, geopolitical dynamics, and technological innovations that influence exploration and production efforts. The oil and gas sector remains a fundamental pillar of Kuwait's economy, generating significant revenue and job opportunities. The ongoing modernization and strategic diversification initiatives are positioning Kuwait to sustain its role as a vital participant in the global energy arena, adapting to market demands and environmental challenges. Key drivers for this market are: 4., Increasing Adoption Of Battery-Powered Power Tools4.; Rapidly Growing Automotive Industry. Potential restraints include: 4., High Cost Associated With Cordless Power Tool Equipment. Notable trends are: Downstream Sector to be the Fastest Growing Segment.

After three years of growth, the Kuwaiti fuel filter market decreased by -60.4% to $11M in 2024. In general, consumption continues to indicate a pronounced decrease. Over the period under review, the market attained the peak level at $27M in 2023, and then contracted dramatically in the following year.

Kuwait has the most affordable gasoline prices when considering purchasing power. In 2024, the average monthly net salary in Kuwait allowed for the purchase of more than 8,000 liters of gasoline. Gasoline prices are generally lower in large oil-producing regions such as the Middle East, while a high average income in countries like Switzerland and Luxembourg translates into a higher gasoline index.

The Kuwait oil and gas upstream industry, characterized by a significant market size and robust growth trajectory, presents a compelling investment landscape. The sector's 3.5% CAGR (2019-2033) indicates consistent expansion, driven primarily by increasing global energy demand, particularly for natural gas, and ongoing investments in exploration and production activities within Kuwait. Key players like Kuwait Petroleum Corporation (KPC) and Kuwait Energy PLC, alongside international giants such as Schlumberger and Baker Hughes, are shaping the industry's development. The onshore segment currently dominates, but offshore exploration and production are gaining momentum, fueled by technological advancements enabling access to deeper and more challenging reserves. Regulatory support for domestic production and a focus on sustainable practices contribute to the industry's positive outlook. However, challenges include fluctuating oil prices, geopolitical instability, and the increasing emphasis on transitioning to cleaner energy sources, presenting both opportunities and hurdles for growth. These factors, combined with the need for efficient resource management and continuous technological upgrades, will significantly influence the sector's future trajectory. Looking ahead, the forecast period (2025-2033) promises continued expansion, although the rate of growth may be subject to variations based on global economic conditions and energy market dynamics. The industry’s structure, with a mix of state-owned and international companies, creates a complex but dynamic ecosystem. Strategic partnerships, technological innovations, and consistent government policy support will be critical to navigating the evolving energy landscape and sustaining the industry's long-term growth and competitiveness. The focus on diversifying the energy portfolio while maximizing the potential of oil and gas resources is key for Kuwait's future energy security and economic prosperity. This balance between short-term gains and long-term sustainability will likely define the industry's success in the coming decade. Notable trends are: Onshore Segment to Dominate the Market.

Kuwait GDP: BP: PG: Extraction of Crude Petroleum and Natural Gas data was reported at 15,240.200 KWD mn in 2017. This records an increase from the previous number of 12,715.821 KWD mn for 2016. Kuwait GDP: BP: PG: Extraction of Crude Petroleum and Natural Gas data is updated yearly, averaging 3,160.916 KWD mn from Dec 1966 (Median) to 2017, with 52 observations. The data reached an all-time high of 31,764.800 KWD mn in 2012 and a record low of 334.942 KWD mn in 1991. Kuwait GDP: BP: PG: Extraction of Crude Petroleum and Natural Gas data remains active status in CEIC and is reported by Central Statistical Bureau. The data is categorized under Global Database’s Kuwait – Table KW.A006: GDP: by Industry: Current Price: Annual.

0,35 (US$/litro) in 2016. Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.