Hong Kong has some of the highest diesel prices in the world. As of May 12, 2025, drivers in Hong Kong paid an average of 3.34 U.S. dollars per liter of automotive diesel. This was more than three times the amount paid by drivers in Mainland China. Lower prices are often linked to substantial domestic crude oil production and government subsidies, as is the case in countries such as Venezuela, Iran, and the United States.

The average for 2016 based on 160 countries was 0.87 dollars. The highest value was in Iceland: 1.63 dollars and the lowest value was in Libya: 0.11 dollars. The indicator is available from 1991 to 2016. Below is a chart for all countries where data are available.

The global fuel energy price index stood at 153.15 index points in May 2025, up from 100 in the base year 2016. Figures decreased that month due to lower heating fuel demand and a fall in crude oil prices. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Global ramifications of the Russia-Ukraine war The invasion of Ukraine by Russia played a role in the surge of global inflation rates. Notably, Argentina bore the brunt, experiencing a hyperinflation rate of 92 percent in 2022. The war also exerted a significant impact on global gross domestic product (GDP) growth. Saudi Arabia emerged with a notable increase of nearly three percent, as several Western nations shifted their exports from Russia to Middle Eastern countries due to the sanctions imposed on the former.

In May 2025, one gallon of diesel cost an average of 3.5 U.S. dollars in the United States. That was a decrease compared to the month prior, and also lower than prices in May 2024. Impact of crude prices on motor fuel consumer prices Diesel prices are primarily determined by the cost of crude oil. In fact, crude oil regularly accounts for around 50 percent of end consumer prices of diesel. As such, supply restrictions or weak demand outlooks influence prices at the pump. The fall in diesel prices noted in the latter half of 2024 is a reflection of lower crude prices. Diesel and gasoline price development The usage of distillate fuel oil began in the 1930s, but until further development in the 1960s, diesel vehicles were mostly applied to commercial use only. In the U.S., diesel-powered cars remain a fairly small portion of the automobile market and diesel consumption is far lower than gasoline consumption. In general, gasoline also tends to be more widely available than diesel fuel and usually sells for a lower retail price. However, diesel engines have better fuel economy than gasoline engines, and, as such, tend to be used for large commercial vehicles.

Russia Average World Price: Diesel Fuel (Gasoil) data was reported at 556.400 USD/Ton in Dec 2018. This records a decrease from the previous number of 644.300 USD/Ton for Nov 2018. Russia Average World Price: Diesel Fuel (Gasoil) data is updated monthly, averaging 654.000 USD/Ton from Jan 2009 (Median) to Dec 2018, with 119 observations. The data reached an all-time high of 1,030.100 USD/Ton in Mar 2012 and a record low of 292.500 USD/Ton in Jan 2016. Russia Average World Price: Diesel Fuel (Gasoil) data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.PC002: Average World Prices, Crude Oil Export Price, Crude Oil Export Duty.

High Frequency Indicator: The dataset contains year- and month-wise historically compiled data from the year 2018-19 to till date on International Free On Board (FOB) price of Petrol and Diesel

Notes:

1. The FOB (Free On Board) price is the price of goods at the frontier of the exporting country or price of a service provided to a non-resident. It includes the values of the goods or services at the basic price, the transport and distribution services up to the frontier, the taxes minus the subsidies
2. Petrol Prices are for 92RON Singapore Gasoline.
3. Diesel Prices are for 10PPM Arab Gulf Gasoil.

This dataset provides monthly, quarterly and annual average regular or premium unleaded gasoline pump prices, taxes and ex-tax pump prices in Canada, USA, France, Germany, Britain and Japan, all converted to Canadian cents per litre. To view charts and current fuel price data you can also visit the motor fuel prices page. *[USA]: United States of America

Ivory Coast CI: Pump Price for Diesel Fuel: USD per Liter data was reported at 0.930 USD in 2016. This records a decrease from the previous number of 1.170 USD for 2014. Ivory Coast CI: Pump Price for Diesel Fuel: USD per Liter data is updated yearly, averaging 0.950 USD from Dec 1991 (Median) to 2016, with 13 observations. The data reached an all-time high of 1.300 USD in 2010 and a record low of 0.450 USD in 1998. Ivory Coast CI: 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 Ivory Coast – Table CI.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;

Hong Kong had the highest prices for premium gasoline (95-RON) on May 12, 2025. That day, prices averaged 3.44 U.S. dollars per liter, which was notably more than in any other country. While oil-rich countries enjoy some of the lowest gasoline prices, drivers in big car markets such as Europe pay around 2 U.S. dollars per liter.

Saudi Arabia SA: Pump Price for Diesel Fuel: USD per Liter data was reported at 0.120 USD in 2016. This records an increase from the previous number of 0.070 USD for 2014. Saudi Arabia SA: Pump Price for Diesel Fuel: USD per Liter data is updated yearly, averaging 0.090 USD from Dec 1995 (Median) to 2016, with 11 observations. The data reached an all-time high of 0.120 USD in 2016 and a record low of 0.067 USD in 2012. Saudi Arabia SA: 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 Saudi Arabia – Table SA.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;

The average for 2016 based on 43 countries was 0.65 dollars. The highest value was in Hong Kong: 1.42 dollars and the lowest value was in Saudi Arabia: 0.12 dollars. The indicator is available from 1991 to 2016. Below is a chart for all countries where data are available.

Gasoline fell to 2.10 USD/Gal on July 23, 2025, down 0.37% from the previous day. Over the past month, Gasoline's price has fallen 0.23%, and is down 13.96% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on July of 2025.

In 2024, diesel prices in Poland decreased compared to the previous year, amounting to **** euros per liter. Causes of fuel price fluctuations in Poland in 2018 The increase in fuel prices in Poland was mainly influenced by changes in the international oil and fuel markets and by changes in the exchange rate of the Polish currency to the U.S. dollar. The strengthening of the zloty's exchange rate to the dollar slowed down the scale of price rises for Polish fuel consumers. In 2018, the international situation did not ensure stable prices on the market. Waiting for the introduction of oil sanctions against Iran, a possible trade war between the U.S. and China, or information about a potential further reduction in oil production by OPEC+ countries resulted in rising oil prices in global markets. As soon as it became clear that neither sanctions on Iran nor restrictions on oil production affected the supply of crude oil on the world market as expected, prices on the markets started to fall. Nevertheless, drivers and transport companies have not benefited from the rising average annual prices, although state VAT revenues have increased significantly. Higher sales of liquid fuels, rising prices, and an increase in the number of cars on Polish roads have also resulted in additional income for Polish oil companies. Biofuel market in Poland Transport is the sector that accounts for one of the most significant shares of total carbon dioxide emissions from fuel combustion. Complete replacement of oil in transport is possible but costly. The data show that the consumption of biodiesel in transport is higher every year, and, like energy, transportation has a mandatory target for Renewable Energy Systems in 2020. The dominant renewable energy source in transport is biodiesel, followed by bioethanol and renewable electricity in rail transport. The average EU share of RES in transport is over * percent, while in Poland, it is steadily growing, reaching nearly * percent in 2018.

Germany DE: Pump Price for Diesel Fuel: USD per Liter data was reported at 1.200 USD in 2016. This records a decrease from the previous number of 1.580 USD for 2014. Germany DE: Pump Price for Diesel Fuel: USD per Liter data is updated yearly, averaging 1.290 USD from Dec 1995 (Median) to 2016, with 11 observations. The data reached an all-time high of 1.880 USD in 2012 and a record low of 0.690 USD in 1998. Germany DE: 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 Germany – Table DE.World Bank.WDI: 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;

Diesel prices in the USA followed a largely upward trend during Q1 2025, with prices closing higher compared to the previous quarter despite some fluctuations in March. In January, prices rose due to increased heating fuel demand driven by winter storm Enzo and strong domestic consumption. However, warmer weather forecasts later in the month softened demand, overall market sentiment remained firm, supported by reduced inventories and refinery constraints. February saw a further price increase as cold temperatures in the Northeast intensified heating oil usage, and maintenance at key refineries tightened domestic supply.

Chad TD: Pump Price for Diesel Fuel: USD per Liter data was reported at 0.850 USD in 2016. This records a decrease from the previous number of 0.990 USD for 2014. Chad TD: Pump Price for Diesel Fuel: USD per Liter data is updated yearly, averaging 0.970 USD from Dec 1991 (Median) to 2016, with 13 observations. The data reached an all-time high of 1.320 USD in 2008 and a record low of 0.600 USD in 2000. Chad TD: 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 Chad – Table TD.World Bank.WDI: 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;

Diesel prices rise as new sanctions on Russian oil disrupt supply chains, resulting in increased costs amid global market shifts.

Crude diesel prices are influenced by several factors, including the supply and demand dynamics of crude oil, geopolitical events, economic conditions, and government regulations. Understanding these factors and keeping track of crude oil prices can help businesses and consumers anticipate and react to changes in diesel prices.

The cost of diesel fuel in the United States reached an annual average of 3.76 U.S. dollars per gallon in 2024. This was a decrease compared to the previous year, when diesel sold for an average of 4.21 U.S. dollars per gallon. In 2022, increased economic activity and thus fuel demand combined with supply constraints following the Russia-Ukraine war, which resulted in a notable rise in monthly diesel prices Crude oil prices and their impact on motor fuel prices Motor fuel prices largely mirror major oil benchmarks, such as the OPEC reference basket, WTI, and Brent. As such, the oil glut in 2015 and 2016, which followed years of increased oil production output by the U.S., is largely responsible for the fall in diesel prices seen in those years. The same is true for the 2020 pandemic-induced oil crisis and fall in benchmarks that year. Diesel and gasoline price development The usage of diesel began in the 1930s, but until further development in the 1960s, diesel vehicles were mostly used commercially. In the U.S., diesel-powered cars remain a fairly small portion of the automobile market and diesel fuel consumption is far lower than gasoline consumption. In general, gasoline also tends to be more widely available than diesel fuel and usually sells for a lower retail price. However, diesel engines have better fuel economy than gasoline engines, and as such are often used for large commercial vehicles.