The global fuel energy price index stood at 188.62 index points in January 2025, up from 100 in the base year 2016. Figures increased that month due to a rise in crude oil prices as a result of new sanctions on Russian oil and greater heating fuel demand. 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.

Hong Kong had the highest prices for premium gasoline (95-RON) on February 10, 2025. That day, prices averaged 3.39 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 two U.S. dollars per liter.

Learn about the various factors that influence the price of petrol in the international market, including supply and demand dynamics, geopolitical events, economic conditions, and government policies. Understand how these factors interact to cause daily fluctuations in petrol prices and how they can impact consumers, businesses, and economies worldwide.

Learn about the significant fluctuations in crude oil and petrol prices over the past 10 years, influenced by factors like geopolitical events, supply and demand dynamics, and global economic conditions. Understand the relationship between crude oil prices and petrol prices and how various factors impact the prices.

Natural gas saw the greatest increase in prices between October 2024 and January 2025 as greater heating demand throughout the winter months led to higher prices. Meanwhile, the price index for crude oil also rose in early 2025 as the United States introduced additional sanctions on Russian oil. Coal was the only energy commodity to see a fall in prices during that time.

Peru Fuel Price Index: Diesel Oil data was reported at 90.922 2010=100 in Jul 2019. This records a decrease from the previous number of 91.686 2010=100 for Jun 2019. Peru Fuel Price Index: Diesel Oil data is updated monthly, averaging 96.663 2010=100 from Jan 2010 (Median) to Jul 2019, with 115 observations. The data reached an all-time high of 121.017 2010=100 in Jun 2012 and a record low of 65.381 2010=100 in Apr 2016. Peru Fuel Price Index: Diesel Oil data remains active status in CEIC and is reported by Central Reserve Bank of Peru. The data is categorized under Global Database’s Peru – Table PE.I018: Fuel Price Index.

Analysis of ‘Gasoline price (Octane-95) around the world’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/prasertk/gasoline-price-around-the-world-7feb2022 on 13 February 2022.

--- Dataset description provided by original source is as follows ---

Context

Retail price of gasoline (octane-95) from 168 countries

Acknowledgements

Data source: https://www.globalpetrolprices.com/gasoline_prices/ Cover image credit: https://www.pexels.com/photo/industry-vehicle-technology-business-4744712/

--- Original source retains full ownership of the source dataset ---

Hong Kong has some of the highest diesel prices in the world. As of February 10, 2025, drivers in Hong Kong paid an average of 3.31 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.

Nigeria Average Fuel Price: Petrol data was reported at 145.701 l in Jan 2019. This records a decrease from the previous number of 145.777 l for Dec 2018. Nigeria Average Fuel Price: Petrol data is updated monthly, averaging 147.773 l from Jan 2017 (Median) to Jan 2019, with 24 observations. The data reached an all-time high of 190.875 l in Jan 2018 and a record low of 109.600 l in Jan 2017. Nigeria Average Fuel Price: Petrol data remains active status in CEIC and is reported by National Bureau of Statistics of the Federal Republic of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.P003: Average Fuel Price.

This dataset contains information about gasoline prices for 1991-2016.

Data from German Agency for International Cooperation ( GIZ ).

Crude Oil decreased 2.12 USD/BBL or 2.95% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on March of 2025.

Brazil BR: Wholesale Fuel Price: Diesel: Minimum data was reported at 2.417 BRL/l in Aug 2020. This records an increase from the previous number of 2.220 BRL/l for Jul 2020. Brazil BR: Wholesale Fuel Price: Diesel: Minimum data is updated monthly, averaging 1.540 BRL/l from Jul 2001 (Median) to Aug 2020, with 230 observations. The data reached an all-time high of 3.015 BRL/l in Jan 2020 and a record low of 0.490 BRL/l in Dec 2001. Brazil BR: Wholesale Fuel Price: Diesel: Minimum data remains active status in CEIC and is reported by National Petroleum, Natural Gas and Biofuels Agency. The data is categorized under Global Database’s Brazil – Table BR.PF009: Distributor Fuel Price: Brazil: Monthly (Discontinued). Note:The Survey of Price and Margin Fuels Marketing covers gasoline, hydrated ethanol fuel, diesel oil without additive, compressed natural gas (CNG) and liquefied petroleum gas (LPG) which have been surveyed in 555 locations, about 10% municipalities in Brazil, in accordance with procedures established by the Brazilian National Agency of Petroleum, Natural Gas and Biofuels.The results of the Survey of Price and Margin Fuels Marketing contain selling price to the final consumer and purchasing price from the wholesaler of gasoline, hydrated ethanol fuel, diesel oil without additive, CNG and LPG observed in each municipality which has participated in the survey.

Learn about the factors that influence the price of refined petrol, including crude oil prices, refining and distribution costs, taxes, market demand, and global events. Discover how these factors impact petrol prices and affect consumers at the pumps.

The global energy price index stood at around 106.9 in 2023. This was a decrease of 45 points compared to the previous year, when fuel and power demand increased as the economies recovered from the coronavirus pandemic. For 2024, forecasts suggest the price index would decrease to 104. Price indices show the development of prices for goods or services over time relative to a base year. Commodity prices may be dependent on various factors, from supply and demand to overall economic growth. Electricity prices around the world As with overall fuel prices, electricity costs for end users are dependent on power infrastructure, technology type, domestic production, and governmental levies and taxes. Generally, electricity prices are lower in countries with great coal and gas resources, as those have historically been the main sources for electricity generation. This is one of the reasons why electricity prices are lowest in resource-rich countries such as Qatar, Russia, and the United States. Meanwhile, many European governments that have introduced renewable surcharges to support the deployment of solar and wind power and are at the same time dependent on fossil fuels imports, have the highest household electricity prices. Benchmark oil prices One of the commodities found within the energy market is oil. Oil is the main raw material for all common motor fuels, from gasoline to kerosene. In resource-poor and remote regions such as Alaska, Hawaii, and Cyprus, it is also one of the largest sources for electricity generation. Benchmark oil prices such as Europe’s Brent, the United States' WTI, or the OPEC basket are often used as indicators for the overall energy price development.

Explore the factors that influence the price of petroleum in the international market, including supply and demand dynamics, geopolitical tensions, economic conditions, and market speculation. Understand the role of Brent crude oil as a benchmark and the impact of global events on oil prices. Stay informed about the current price fluctuations and the need to monitor multiple factors for accurate assessments.

The average price for regular gasoline in the United States stood at 3.08 U.S. dollars per gallon on March 17, 2025. This compared to a diesel price of 3.59 U.S. dollars per gallon. Prices for gasoline and diesel decreased that week. Real price surge of 2022 and 2023 still below 2011 to 2014 prices When looking at the real price of gasoline over time, U.S. drivers had to pay notably more in the years between 2011 and 2014. The surge in prices noted throughout 2022 and partly for 2023, which followed supply constraints, was still lower in terms of real U.S. dollars. U.S. on the lower-end spectrum of worldwide motor fuel prices The U.S. has some of the lowest conventional motor fuel prices in the world. Although fuel prices are usually higher in high-income countries, the U.S. profits from its position as the world’s largest crude oil producer and can keep retail prices for oil products comparatively low. For example, among high-income countries, prices for automotive premium gasoline (RON 95) were only lower in Russia and Saudi Arabia - countries where crude oil and oil product exports are in part restricted by sanctions, thus keeping domestic supply high.

Retail Price: Gasoline, Number 98: For Vehicle: Zhejiang data was reported at 8.930 RMB/l in Dec 2024. This records a decrease from the previous number of 8.970 RMB/l for Nov 2024. Retail Price: Gasoline, Number 98: For Vehicle: Zhejiang data is updated monthly, averaging 8.910 RMB/l from Jul 2019 (Median) to Dec 2024, with 66 observations. The data reached an all-time high of 10.450 RMB/l in Jun 2022 and a record low of 6.370 RMB/l in Nov 2020. Retail Price: Gasoline, Number 98: For Vehicle: Zhejiang data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PH: Gasoline Price: For Vehicle: Retail: Province.

China Transaction Price: Gasoline, Number 97: Without Lead: Urumqi data was reported at 8,855.560 RMB/Ton in Jun 2019. This records a decrease from the previous number of 9,570.480 RMB/Ton for May 2019. China Transaction Price: Gasoline, Number 97: Without Lead: Urumqi data is updated monthly, averaging 8,411.000 RMB/Ton from May 2003 (Median) to Jun 2019, with 171 observations. The data reached an all-time high of 10,849.030 RMB/Ton in May 2012 and a record low of 3,829.000 RMB/Ton in Jun 2003. China Transaction Price: Gasoline, Number 97: Without Lead: Urumqi data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PH: Gasoline Price: 36 City.

United States Gasoline: Retail Price: All Grades: PADD 1 data was reported at 2.845 USD/gal in 23 Jul 2018. This records a decrease from the previous number of 2.870 USD/gal for 16 Jul 2018. United States Gasoline: Retail Price: All Grades: PADD 1 data is updated weekly, averaging 2.138 USD/gal from Apr 1993 (Median) to 23 Jul 2018, with 1321 observations. The data reached an all-time high of 4.143 USD/gal in 07 Jul 2008 and a record low of 0.938 USD/gal in 01 Mar 1999. United States Gasoline: Retail Price: All Grades: PADD 1 data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.P009: Motor Gasoline Price.

Germany Gasoline Price: With Taxes: Euro-Super 95 data was reported at 1,736.000 EUR/1000 l in 17 Mar 2025. This records a decrease from the previous number of 1,745.000 EUR/1000 l for 10 Mar 2025. Germany Gasoline Price: With Taxes: Euro-Super 95 data is updated weekly, averaging 1,397.000 EUR/1000 l from Jan 2002 (Median) to 17 Mar 2025, with 1155 observations. The data reached an all-time high of 2,259.000 EUR/1000 l in 14 Mar 2022 and a record low of 948.800 EUR/1000 l in 07 Jan 2002. Germany Gasoline Price: With Taxes: Euro-Super 95 data remains active status in CEIC and is reported by European Commission's Directorate-General for Energy. The data is categorized under Global Database’s Germany – Table DE.DG ENER: Gasoline Price.