Gasoline Prices in Kuwait remained unchanged at 0.28 USD/Liter in November. 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;

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 fourth consecutive year, Kuwait recorded growth in purchases abroad of wood fuel, which increased by 39% to 8.6K cubic meters in 2023.

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 ***** 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 & 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.

Kuwait GDP: BP: Extraction of Crude Petroleum, Natural Gas and Service Activities Related data was reported at 5,112.019 KWD mn in Dec 2018. This records a decrease from the previous number of 5,672.901 KWD mn for Sep 2018. Kuwait GDP: BP: Extraction of Crude Petroleum, Natural Gas and Service Activities Related data is updated quarterly, averaging 5,153.340 KWD mn from Mar 2010 (Median) to Dec 2018, with 36 observations. The data reached an all-time high of 8,384.900 KWD mn in Mar 2012 and a record low of 2,294.627 KWD mn in Mar 2016. Kuwait GDP: BP: Extraction of Crude Petroleum, Natural Gas and Service Activities Related data remains active status in CEIC and is reported by Central Statistical Bureau. The data is categorized under Global Database’s Kuwait – Table KW.A005: GDP: by Industry: Current Price.

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

In 2024, the Kuwaiti liquefied petroleum gas (LPG) market increased by 304% to $111M for the first time since 2021, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market hit record highs at $1.2B in 2018; however, from 2019 to 2024, consumption stood at a somewhat lower figure.

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.

The 2025 annual OPEC basket price stood at ***** U.S. dollars per barrel as of August. 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.

The Kuwait Oil and Gas Upstream industry is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 3.50% from 2025 to 2033. While the exact market size for 2025 is not provided, considering a conservative estimate based on industry trends and the given CAGR, a reasonable assumption would place the market value at approximately $50 billion (USD). This growth is driven primarily by increasing global energy demand, coupled with Kuwait's significant hydrocarbon reserves and ongoing investments in exploration and production technologies. Key drivers include government initiatives aimed at modernizing the oil and gas sector, strategic partnerships with international energy companies such as Baker Hughes and Schlumberger, and a focus on enhancing operational efficiency to maximize production yields. However, challenges persist, including fluctuating global oil prices, geopolitical uncertainties impacting regional stability, and the increasing emphasis on transitioning towards cleaner energy sources. These restraining factors necessitate a balanced approach that incorporates both sustainable development and the effective management of existing resources. The sector's segmentation, although not explicitly detailed, likely includes onshore and offshore exploration and production activities, as well as various specialized services such as drilling, seismic surveying, and pipeline management. Major players like Kuwait Petroleum Corporation and Saudi Arabian Oil Co. dominate the market, showcasing the importance of national oil companies in the region. However, the involvement of international players like Baker Hughes and Schlumberger underlines the significance of technological expertise and global partnerships in the sector's ongoing development. The forecast period suggests continued growth, with expansion anticipated across all segments, driven by both domestic demand and export opportunities. Strategic investments in upgrading infrastructure and adopting advanced technologies are likely to play a crucial role in navigating the challenges and ensuring the sector's sustained contribution to the Kuwaiti economy. Key drivers for this market are: 4., Increasing Investments in Offshore Oil and Gas Projects. Potential restraints include: 4., Increasing Penetration of Renewable Energy. Notable trends are: Onshore Segment to Dominate the Market.

In 2023, after three years of growth, there was significant decline in purchases abroad of machinery for liquefying air or gases, when their volume decreased by -64.3% to 219 units.

In 2023, gas and smoke analyser imports into Kuwait soared to 39K units, increasing by 63% compared with the previous year.

After three years of growth, overseas purchases of containers for compressed or liquefied gas, of iron or steel decreased by -11.3% to 3.1M units in 2023.

In 2023, approx. 105K units of furnace burners for solid fuel or gas were imported into Kuwait; picking up by 455% compared with the previous year.

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.

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.

Koweït: Gasoline prices at the pump, in dollars per liter: Pour cet indicateur, The German Agency for International Cooperation fournit des données pour la Koweït de 1998 à 2016. La valeur moyenne pour Koweït pendant cette période était de 0.23 dollars avec un minimum de 0.17 dollars en 1998 et un maximum de 0.35 dollars en 2016.

United States Natural Gas Exports: Avg Price: LNG: To Kuwait data was reported at 6.350 USD/1000 Cub ft in Oct 2024. This records a decrease from the previous number of 11.280 USD/1000 Cub ft for Sep 2024. United States Natural Gas Exports: Avg Price: LNG: To Kuwait data is updated monthly, averaging 5.600 USD/1000 Cub ft from May 2016 (Median) to Oct 2024, with 37 observations. The data reached an all-time high of 28.220 USD/1000 Cub ft in Sep 2022 and a record low of 3.140 USD/1000 Cub ft in Mar 2017. United States Natural Gas Exports: Avg Price: LNG: To Kuwait 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.