100+ datasets found
  1. Global monthly fuel price index 2021-2025

    • statista.com
    Updated Mar 4, 2025
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    Statista (2025). Global monthly fuel price index 2021-2025 [Dataset]. https://www.statista.com/statistics/1302801/monthly-fuel-energy-price-index-worldwide/
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    Dataset updated
    Mar 4, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2021 - Jan 2025
    Area covered
    Worldwide
    Description

    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.

  2. Petrol Price in International Market

    • indexbox.io
    doc, docx, pdf, xls +1
    Updated Mar 1, 2025
    + more versions
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    IndexBox Inc. (2025). Petrol Price in International Market [Dataset]. https://www.indexbox.io/search/petrol-price-in-international-market/
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    doc, xlsx, pdf, docx, xlsAvailable download formats
    Dataset updated
    Mar 1, 2025
    Dataset provided by
    IndexBox
    Authors
    IndexBox Inc.
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 2012 - Mar 26, 2025
    Area covered
    World
    Variables measured
    Price CIF, Price FOB, Export Value, Import Price, Import Value, Export Prices, Export Volume, Import Volume
    Description

    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.

  3. Global premium gasoline prices 2025, by select country

    • statista.com
    Updated Feb 13, 2025
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    Statista (2025). Global premium gasoline prices 2025, by select country [Dataset]. https://www.statista.com/statistics/1266921/automotive-unleaded-premium-prices-by-country/
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    Dataset updated
    Feb 13, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Feb 10, 2025
    Area covered
    World
    Description

    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.

  4. T

    Gasoline - Price Data

    • tradingeconomics.com
    • no.tradingeconomics.com
    • +17more
    csv, excel, json, xml
    Updated Feb 15, 2025
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    TRADING ECONOMICS (2025). Gasoline - Price Data [Dataset]. https://tradingeconomics.com/commodity/gasoline
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    json, csv, xml, excelAvailable download formats
    Dataset updated
    Feb 15, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Oct 3, 2005 - Mar 27, 2025
    Area covered
    World
    Description

    Gasoline increased 0.22 USD/GAL or 10.89% since the beginning of 2025, 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 March of 2025.

  5. T

    GASOLINE PRICES by Country in EUROPE

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 28, 2017
    + more versions
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    TRADING ECONOMICS (2025). GASOLINE PRICES by Country in EUROPE [Dataset]. https://tradingeconomics.com/country-list/gasoline-prices?continent=europe
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    excel, csv, xml, jsonAvailable download formats
    Dataset updated
    May 28, 2017
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    Europe
    Description

    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.

  6. Global diesel prices 2025, by select country

    • statista.com
    Updated Feb 13, 2025
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    Statista (2025). Global diesel prices 2025, by select country [Dataset]. https://www.statista.com/statistics/1266885/automotive-diesel-prices-by-country/
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    Dataset updated
    Feb 13, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Feb 10, 2025
    Area covered
    Worldwide
    Description

    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.

  7. Gasoline report - international gasoline prices

    • ouvert.canada.ca
    • data.ontario.ca
    • +1more
    csv, xlsx
    Updated Mar 12, 2025
    + more versions
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    Government of Ontario (2025). Gasoline report - international gasoline prices [Dataset]. https://ouvert.canada.ca/data/dataset/db90f229-be24-468a-bbce-46f710e7af76
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    csv, xlsxAvailable download formats
    Dataset updated
    Mar 12, 2025
    Dataset provided by
    Government of Ontariohttps://www.ontario.ca/
    License

    Open Government Licence - Canada 2.0https://open.canada.ca/en/open-government-licence-canada
    License information was derived automatically

    Description

    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

  8. S

    Saudi Arabia Fuel Prices: Retail: Gasoline 91

    • ceicdata.com
    Updated Dec 15, 2024
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    CEICdata.com (2024). Saudi Arabia Fuel Prices: Retail: Gasoline 91 [Dataset]. https://www.ceicdata.com/en/saudi-arabia/fuel-prices/fuel-prices-retail-gasoline-91
    Explore at:
    Dataset updated
    Dec 15, 2024
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 1, 2024 - Mar 1, 2025
    Area covered
    Saudi Arabia
    Variables measured
    Energy
    Description

    Saudi Arabia Fuel Prices: Retail: Gasoline 91 data was reported at 2.180 SAR/l in Mar 2025. This stayed constant from the previous number of 2.180 SAR/l for Feb 2025. Saudi Arabia Fuel Prices: Retail: Gasoline 91 data is updated monthly, averaging 2.180 SAR/l from Jul 2020 (Median) to Mar 2025, with 57 observations. The data reached an all-time high of 2.180 SAR/l in Mar 2025 and a record low of 1.290 SAR/l in Jul 2020. Saudi Arabia Fuel Prices: Retail: Gasoline 91 data remains active status in CEIC and is reported by Saudi Arabian Oil Company. The data is categorized under Global Database’s Saudi Arabia – Table SA.P016: Fuel Prices. [COVID-19-IMPACT]

  9. Global monthly fossil fuel price indices 2021-2025, by fuel

    • statista.com
    Updated Feb 27, 2025
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    Global monthly fossil fuel price indices 2021-2025, by fuel [Dataset]. https://www.statista.com/statistics/1348739/monthly-fossil-fuel-price-indices-worldwide/
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    Dataset updated
    Feb 27, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2021 - Jan 2025
    Area covered
    Worldwide
    Description

    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.

  10. Average gasoline and diesel prices in the U.S. 2022-2025

    • statista.com
    Updated Mar 17, 2025
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    Statista (2025). Average gasoline and diesel prices in the U.S. 2022-2025 [Dataset]. https://www.statista.com/statistics/1293019/us-daily-average-gas-prices/
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    Dataset updated
    Mar 17, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Apr 18, 2022 - Mar 17, 2025
    Area covered
    United States
    Description

    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.

  11. T

    GASOLINE PRICES by Country in ASIA/1000

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Mar 26, 2025
    + more versions
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    TRADING ECONOMICS (2025). GASOLINE PRICES by Country in ASIA/1000 [Dataset]. https://tradingeconomics.com/country-list/gasoline-prices?continent=asia/1000
    Explore at:
    csv, json, xml, excelAvailable download formats
    Dataset updated
    Mar 26, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    Asia
    Description

    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.

  12. R

    Russia Average World Price: Diesel Fuel (Gasoil)

    • ceicdata.com
    Updated Jan 15, 2025
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    CEICdata.com (2025). Russia Average World Price: Diesel Fuel (Gasoil) [Dataset]. https://www.ceicdata.com/en/russia/average-world-prices-crude-oil-export-price-crude-oil-export-duty/average-world-price-diesel-fuel-gasoil
    Explore at:
    Dataset updated
    Jan 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2017 - Dec 1, 2018
    Area covered
    Russia
    Variables measured
    Trade Prices
    Description

    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.

  13. T

    GASOLINE PRICES by Country in AFRICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jun 3, 2017
    + more versions
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    TRADING ECONOMICS (2017). GASOLINE PRICES by Country in AFRICA [Dataset]. https://tradingeconomics.com/country-list/gasoline-prices?continent=africa
    Explore at:
    json, xml, csv, excelAvailable download formats
    Dataset updated
    Jun 3, 2017
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    Africa
    Description

    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.

  14. Change of gasoline price in selected countries 2019-2020

    • statista.com
    Updated May 21, 2024
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    Statista (2024). Change of gasoline price in selected countries 2019-2020 [Dataset]. https://www.statista.com/statistics/262745/change-of-gasoline-price-in-selected-countries/
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    Dataset updated
    May 21, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jun 2019 - Jun 2020
    Area covered
    Worldwide
    Description

    This statistic shows the change in the price of gasoline per liter in selected countries for the period between June 2019 and June 2020. The price changes concern unleaded premium (95 RON) for France, Germany, Italy, Spain, and the United Kingdom, and regular unleaded for Canada, Japan, and the United States (AKI 87). RON stands for Research Octane Number, while AKI means Anti-Knock Index. Both represent the most common octane rating in the countries shown. In June 2020, the gasoline price per liter in the U.S. was 23.4 percent lower than it was in June 2019.

    Influences on gasoline prices

    The price of gasoline is a frequently discussed issue, and is a part of almost everybody’s life in developed countries. Gasoline prices worldwide are dependent of a number of factors: crude oil prices, costs for processing and distribution, demand, strength of currencies, taxation, and availability. The most influential factor is the crude oil price. This price includes the costs for exploration, extraction, and transport. What the consumer pays in the end is also an issue of national oil pricing policy. Typical regions with high taxes on gasoline are European countries and Japan. Other countries keep consumer prices low by subsidizing the costs for gasoline. Among latter countries are the United States, Saudi Arabia, Iran, Venezuela, Egypt, Malaysia, Bolivia, and others. There are many other factors, however, which directly influence the price of gasoline. Wars, crises, and natural disasters in oil producing regions, for example, can obstruct the production and transportation, and thus cause higher crude oil prices. Last but not least, the end-consumer defines the price through his or her demand. A higher number of people driving cars means higher prices for gasoline, which is often the case in the summer months or holiday seasons.

  15. V

    Venezuela VE: Pump Price for Gasoline: USD per Liter

    • ceicdata.com
    + more versions
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    CEICdata.com, Venezuela VE: Pump Price for Gasoline: USD per Liter [Dataset]. https://www.ceicdata.com/en/venezuela/transportation/ve-pump-price-for-gasoline-usd-per-liter
    Explore at:
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 1995 - Dec 1, 2016
    Area covered
    Venezuela
    Variables measured
    Vehicle Traffic
    Description

    Venezuela VE: Pump Price for Gasoline: USD per Liter data was reported at 0.000 USD in 2016. This records a decrease from the previous number of 0.015 USD for 2014. Venezuela VE: Pump Price for Gasoline: USD per Liter data is updated yearly, averaging 0.030 USD from Dec 1995 (Median) to 2016, with 11 observations. The data reached an all-time high of 0.140 USD in 1998 and a record low of 0.000 USD in 2016. Venezuela VE: 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 Venezuela – Table VE.World Bank: 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;

  16. N

    New Zealand Average Fuel Price: Diesel: Retail

    • ceicdata.com
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    CEICdata.com, New Zealand Average Fuel Price: Diesel: Retail [Dataset]. https://www.ceicdata.com/en/new-zealand/average-fuel-price/average-fuel-price-diesel-retail
    Explore at:
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2022 - Dec 1, 2024
    Area covered
    New Zealand
    Variables measured
    Price
    Description

    New Zealand Average Fuel Price: Diesel: Retail data was reported at 1.837 NZD/l in Dec 2024. This records a decrease from the previous number of 1.912 NZD/l for Sep 2024. New Zealand Average Fuel Price: Diesel: Retail data is updated quarterly, averaging 0.690 NZD/l from Mar 1974 (Median) to Dec 2024, with 204 observations. The data reached an all-time high of 2.636 NZD/l in Sep 2022 and a record low of 0.062 NZD/l in Mar 1974. New Zealand Average Fuel Price: Diesel: Retail data remains active status in CEIC and is reported by Ministry of Business, Innovation and Employment. The data is categorized under Global Database’s New Zealand – Table NZ.P003: Average Fuel Price.

  17. d

    European Petrol & Diesel Price Data | 90%+ Coverage | Real-time API |...

    • datarade.ai
    .json, .xml
    Updated Jul 12, 2021
    + more versions
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    xavvy (2021). European Petrol & Diesel Price Data | 90%+ Coverage | Real-time API | Integrated with Energy, Places Data, Automotive data, and Brand Data. [Dataset]. https://datarade.ai/data-products/xavvy-european-petrol-diesel-price-data-90-coverage-xavvy
    Explore at:
    .json, .xmlAvailable download formats
    Dataset updated
    Jul 12, 2021
    Dataset authored and provided by
    xavvy
    Area covered
    Guernsey, Isle of Man, Belgium, Slovenia, Serbia, Latvia, Ukraine, Belarus, Iceland, Malta, Europe
    Description

    Xavvy Fuel is the leading source for Gas Station Location and Gasoline Price data worldwide, specializing in data quality and enrichment. We provide petrol and diesel price data for over 100,000 stations across Europe, integrated with Energy Data, Places Data, Automotive Data, Commodity Data, Market Research Data, Oil & Gas Data, and Brand Data.

    With our real-time pricing, you can help customers find the best gas and diesel prices, optimizing their fuel costs and minimizing CO2 emissions. In addition to real-time data, we offer historical data and forecasts, allowing clients in various sectors to gain valuable insights into the fuel market and its trends. This data serves as a solid foundation for strategic decisions such as pricing and expansion.

    Moreover, with high coverage and accuracy, suppliers, including navigation software manufacturers, can enhance their market share and profit margins by significantly improving customer experiences.

    Key Features:

    Supported Fuel Types: Diesel, Super E5, Super 98, premium fuels, AdBlue/DEF, Hydrogen, CNG, and LPG. Price Information: Over 500 million price reports and 1 million price changes per day. Delivery: Available on a country-by-country basis. Information Scope: Highly customizable to meet customer needs. Explore our other data offerings to gain more valuable market insights on gas stations directly from the experts!

  18. Gasoline Prices, Spain - Historical Prices & Forecasts – Free Previews...

    • intratec.us
    csv, json, pdf
    Updated Jan 9, 2025
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    Intratec Solutions (2025). Gasoline Prices, Spain - Historical Prices & Forecasts – Free Previews Available [Dataset]. https://www.intratec.us/products/energy-price-references/commodity/gasoline-price-spain
    Explore at:
    pdf, csv, jsonAvailable download formats
    Dataset updated
    Jan 9, 2025
    Dataset provided by
    Intratec Solutions, LLC
    Authors
    Intratec Solutions
    License

    https://www.intratec.us/docs/legal/index.pdfhttps://www.intratec.us/docs/legal/index.pdf

    Time period covered
    2015 - 2025
    Area covered
    Spain
    Description

    Have timely access to reliable Gasoline price assessments in Spain:

    • Gasoline (regular), export spot price, fob, Spain
    • Gasoline (premium), retail, Spain

    Each assessment includes Gasoline price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

    Gasoline price assessments for Spain and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

  19. T

    GASOLINE PRICES by Country in WORLD/1000

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Nov 18, 2022
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    GASOLINE PRICES by Country in WORLD/1000 [Dataset]. https://tradingeconomics.com/country-list/gasoline-prices?continent=world/1000
    Explore at:
    json, xml, excel, csvAvailable download formats
    Dataset updated
    Nov 18, 2022
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    World
    Description

    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.

  20. Petrol Crude Oil Price Today

    • indexbox.io
    doc, docx, pdf, xls +1
    Updated Mar 1, 2025
    + more versions
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    IndexBox Inc. (2025). Petrol Crude Oil Price Today [Dataset]. https://www.indexbox.io/search/petrol-crude-oil-price-today/
    Explore at:
    pdf, docx, doc, xlsx, xlsAvailable download formats
    Dataset updated
    Mar 1, 2025
    Dataset provided by
    IndexBox
    Authors
    IndexBox Inc.
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 2012 - Mar 27, 2025
    Area covered
    World
    Variables measured
    Price CIF, Price FOB, Export Value, Import Price, Import Value, Export Prices, Export Volume, Import Volume
    Description

    The price of petrol crude oil today is influenced by factors such as supply and demand, geopolitical events, and economic conditions. This article provides information on the benchmarks for crude oil pricing, Brent and WTI, and how they are affected by various factors. It also explains how the price of crude oil directly affects the price of petrol, and suggests sources for obtaining accurate and up-to-date information on petrol crude oil prices.

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Statista (2025). Global monthly fuel price index 2021-2025 [Dataset]. https://www.statista.com/statistics/1302801/monthly-fuel-energy-price-index-worldwide/
Organization logo

Global monthly fuel price index 2021-2025

Explore at:
Dataset updated
Mar 4, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
Jan 2021 - Jan 2025
Area covered
Worldwide
Description

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.

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