Gasoline Prices in Venezuela remained unchanged at 0.01 USD/Liter in June. This dataset provides the latest reported value for - Venezuela Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Venezuela VE: Pump Price for Diesel Fuel: USD per Liter data was reported at 0.008 USD in 2014. This records a decrease from the previous number of 0.011 USD for 2012. Venezuela VE: Pump Price for Diesel Fuel: USD per Liter data is updated yearly, averaging 0.015 USD from Dec 1995 (Median) to 2014, with 10 observations. The data reached an all-time high of 0.080 USD in 1998 and a record low of 0.008 USD in 2014. Venezuela VE: 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 Venezuela – Table VE.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;

The retail price of regular gasoline in Venezuela has remained consistently low over the past two decades, never surpassing *** U.S. dollars per liter. Meanwhile, the price of premium gasoline spiked in recent years, reaching some *** U.S. dollars per liter in 2021 and 2022. This was the highest price for premium gasoline reported since 2016 and 2017, when Venezuela's president Nicolas Maduro raised gasoline retail prices in an effort to shore up the nation's finances. Nevertheless, Venezuela has some of the world's lowest gasoline prices thanks to its large domestic oil production.

Venezuela: Gasoline prices at the pump, in dollars per liter: The latest value from 2016 is 0 dollars, a decline from 0.01 dollars in 2014. In comparison, the world average is 0.98 dollars, based on data from 165 countries. Historically, the average for Venezuela from 1995 to 2016 is 0.04 dollars. The minimum value, 0 dollars, was reached in 2016 while the maximum of 0.14 dollars was recorded in 1998.

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.

The retail price of diesel fuel in Venezuela has been on a downward trend for most of the past two decades. After 2020, however, diesel prices in the South American country started rising and in 2022 one liter of diesel fuel was sold at 0.02 U.S. dollars. Nevertheless, Venezuela has some of the world's lowest diesel prices thanks to its large domestic oil production.

The average for 2016 based on 165 countries was 0.98 dollars. The highest value was in Eritrea: 2 dollars and the lowest value was in Venezuela: 0 dollars. The indicator is available from 1991 to 2016. Below is a chart for all countries where data are available.

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.

The average for 2016 based on 11 countries was 0.87 dollars. The highest value was in Uruguay: 1.5 dollars and the lowest value was in Venezuela: 0 dollars. The indicator is available from 1991 to 2016. Below is a chart for all countries where data are available.

Diesel fuel prices of Venezuela (Bolivarian Republic of) sank by 27.27% from 0.01 US dollars per liter in 2012 to 0.01 US dollars per liter in 2014. Since the 10.00% jump in 2010, diesel fuel prices plummeted by 27.27% in 2014. 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.

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.

On July 21, 2025, the price of ultra-low sulfur unleaded petrol (gasoline) in the United Kingdom averaged 134.09 pence per liter. This compared to 141.85 pence per liter for diesel. Diesel prices were consistently higher than petrol/gasoline prices throughout this period, although the margin varied. Reasons for such differences in pricing lie in the refining process and molecular makeup of the products, with diesel requiring more complex refining processes and being an overall heavier liquid. As motor fuel pricing in the UK is not regulated by a monitoring body, there may also be notable differences in prices between retailers and regions. Supermarkets provide lowest fuel prices in the UK In the UK, much of the motor fuel is sold through supermarkets. Large supermarkets, or hypermarkets, account for more than 40 percent of all motor fuel sales in the country. The reason for their popularity often lies in the fact that they offer lower average prices. In the last four years, regular petrol/gasoline sold at supermarkets was up to six pence per liter cheaper than the national average. How UK fuel prices compare to the rest of the world Tied as they are to crude oil prices, motor fuels are generally cheapest in major producing countries, such as Iran, Venezuela, and Russia. In Europe, costs of importing the raw or finished products, in addition to taxes and levies, may hike up pump prices significantly. The UK is often among the countries with the highest petrol/gasoline prices, alongside other large European car markets such as France and Germany.

Venezuela: Gasoline prices at the pump, in dollars per liter: Pour cet indicateur, The German Agency for International Cooperation fournit des données pour la Venezuela de 1995 à 2016. La valeur moyenne pour Venezuela pendant cette période était de 0.04 dollars avec un minimum de 0 dollars en 2016 et un maximum de 0.14 dollars en 1998.

0.01 (US dollars per liter) in 2014. 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.

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

VE：汽油零售价格：美元/公升在12-01-2016达0.000美元，相较于12-01-2014的0.015美元有所下降。VE：汽油零售价格：美元/公升数据按年更新，12-01-1995至12-01-2016期间平均值为0.030美元，共11份观测结果。该数据的历史最高值出现于12-01-1998，达0.140美元，而历史最低值则出现于12-01-2016，为0.000美元。CEIC提供的VE：汽油零售价格：美元/公升数据处于定期更新的状态，数据来源于World Bank，数据归类于Global Database的委内瑞拉 – 表 VE.世界银行：交通。

VE：柴油零售价：美元/公升在12-01-2014达0.008美元，相较于12-01-2012的0.011美元有所下降。VE：柴油零售价：美元/公升数据按年更新，12-01-1995至12-01-2014期间平均值为0.015美元，共10份观测结果。该数据的历史最高值出现于12-01-1998，达0.080美元，而历史最低值则出现于12-01-2014，为0.008美元。CEIC提供的VE：柴油零售价：美元/公升数据处于定期更新的状态，数据来源于World Bank，数据归类于全球数据库的委内瑞拉 – Table VE.World Bank.WDI：交通。

As of May 2022, the price of one liter of gasoline in Nicaragua represented around ** percent of the average daily income of individuals in the country, more than in any other Latin American country that year. On the other side of the spectrum, one liter of gasoline in Venezuela cost some *** percent of the average daily income in the country. This can be contextualized as relating to the fact that Venezuela accounts for the largest share of global oil reserves.