AIRINC Global Petrol Price Tracker

Americas, Middle East, Africa, and Asia Pacific

Petrol Prices
Are Rising

after a drastic fall

After crude futures turned negative in Q2, there seemed only one direction for prices to go – up! AIRINC’s quarterly comparison of petrol pump prices from Q2 to Q4 shows that prices in most researched countries increased, particularly our top five as ranked by percent increase: Zimbabwe, Suriname, Canada, Ethiopia, and Malaysia. For some, this is a cost-driven change; for others, this is a reflection of currency adjustments.

The pandemic has had a significant influence on global prices and the increases shown over the last two quarters have come from the reopening of economies and the easing of restrictions as COVID-19 cases dropped.

While this remained true at the time of data collection, the situation has changed – drastically in many locations – over recent weeks and new waves of lockdowns have been announced with more expected. Cases globally are rising, especially in the United States, India, Turkey, Germany, and Brazil.

Below, we look at how petrol pump prices in the Americas, Middle East, Africa, and Asia Pacific have been impacted. We collected pump prices for 77 countries in these regions and found that about 60% showed either an increase or no change from Q2 to Q4.

Global Petrol Prices

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*All percent change comparisons conducted in local currency. All prices presented in USD and converted using the exchange rate at the time of collection.

How high can they go?

These countries have shown the largest percent increase in petrol pump prices from Q2 to Q4:

2020 Petrol Prices % Change: Q2 to Q4

2020: Q4 Petrol Prices $/LITER

Least and Most Expensive Petrol Pump Prices in the 77 nations surveyed throughout the Americas, the Middle East, Africa, and Asia Pacific

Least Expensive

AIRINC-Petrol Prices-Q4 Petrol Prices-Lease Expensive

Most Expensive

country	price	currency	unit	change(6 months)	in USD/liters
American Samoa	2.9	USD	G	11.2%	0.77
Angola	160	AOA	L	0.0%	0.25
Antigua	12.5	XCD	G	0.0%	1.23
Argentina	58.29	ARS	L	4.1%	0.76
Aruba	1.845	AWG	L	-6.3%	1.04
Australia	1.174	AUD	L	0.0%	0.84
Bahamas	4.03	BSD	G	-8.2%	1.06
Bahrain	0.14	BHD	L	0.0%	0.37
Barbados	3.26	BBD	L	-8.7%	1.64
Belize	8.66	BZD	G	-13.1%	1.16
Benin	525	XOF	L	4.0%	0.94
Bermuda	1.91	BMD	L	-5.9%	1.91
Bolivia	3.74	BOB	L	0.0%	0.55
Botswana	8.1	BWP	L	-13.8%	0.71
Brazil	4.721	BRL	L	6.9%	0.84
Brunei	0.519	BND	L	0.0%	0.38
Cameroon	630	XAF	L	0.0%	1.13
Canada	1.018	CAD	L	31.4%	0.77
Cape Verde	101.5	CVE	L	8.8%	1.08
Cayman Islands	4.085	KYD	IMP G	-5.8%	1.09
Chad	518	XAF	L	3.6%	0.93
Chile	734	CLP	L	-11.2%	0.92
Colombia	8333	COP	G	-0.2%	0.57
Costa Rica	578	CRC	L	1.9%	0.96
Curacao	1.901	ANG	L	2.3%	1.07
Djibouti	295	DJF	L	-1.0%	1.66
Dominica	9.23	XCD	IMP G	-13.7%	0.75
Dominican Republic	197.95	DOP	G	26.7%	0.90
DRC	1995	CDF	L	-10.9%	1.02
El Salvador	2.495	USD	G	-1.8%	0.66
Eritrea	30	ERN	L	0.0%	2.00
Ethiopia	21.53	ETB	L	30.2%	0.58
Fiji	2.01	FJD	L	-3.9%	0.95
Gabon	605	XAF	L	0.0%	1.08
Ghana	4.77	GHS	L	10.8%	0.83
Grenada	13.35	XCD	IMP G	-5.3%	1.09
Guadeloupe	1.33	EUR	L	7.3%	1.56
Guatemala	20.46	GTQ	G	-2.2%	0.70
Indonesia	9075	IDR	L	-1.4%	0.62
Kenya	106.5	KES	L	-3.9%	0.98
Kuwait	0.085	KWD	L	0.0%	0.28
Lebanon	1225	LBP	L	4.3%	0.81
Lesotho	11.6	LSL	L	-5.7%	0.70
Malaysia	1.68	MYR	L	29.2%	0.40
Martinique	1.32	EUR	L	-8.3%	1.55
Mauritius	44	MUR	L	0.0%	1.11
Mexico	18.955	MXN	L	19.6%	0.89
Morocco	8.59	MAD	L	1.1%	0.93
Mozambique	64.22	MZN	L	-3.4%	0.90
Namibia	12.7	NAD	L	-2.7%	0.77
New Caledonia	121.05	XPF	L	-11.7%	1.19
Nicaragua	29.3	NIO	L	21.0%	0.84
NZ	1.944	NZD	L	2.7%	1.29
Oman	0.183	OMR	L	1.7%	0.48
Peru	12.24	PEN	G	-8.3%	0.90
Philippines	48.49	PHP	L	25.2%	1.00
PNG	2.862	PGK	L	-10.5%	0.84
Qatar	1.25	QAR	L	0.0%	0.34
Reunion	1.24	EUR	L	0.0%	1.46
Rwanda	966	RWF	L	-11.2%	0.99
Saudi Arabia	1.44	SAR	L	9.9%	0.38
Senegal	660	XOF	L	-0.8%	1.18
Seychelles	17.645	SCR	L	14.1%	0.98
Sierra Leone	7000	SLL	L	0.0%	0.71
Singapore	1.9535	SGD	L	-2.2%	1.44
South Africa	14.89	ZAR	L	8.2%	0.90
St. Kitts	9.84	XCD	IMP G	0.0%	0.80
St. Vincent	10.5	XCD	G	-12.3%	1.03
Suriname	10.88	SRD	L	68.7%	0.78
Tanzania	1852	TZS	L	-11.3%	0.80
Timor-Leste	0.845	USD	L	-5.6%	0.85
Turks and Caicos	4.9	USD	G	-2.4%	1.29
UAE	1.8	AED	L	0.0%	0.49
Uruguay	54.95	UYU	L	0.0%	1.29
USA	2.23	USD	G	3.2%	0.59
Zambia	17.62	ZMW	L	0.0%	0.88
Zimbabwe	97.62	ZWL	L	385.2%	1.22
AVERAGE				6.9%	0.93

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