Q.4 2020

AIRINC Global Petrol Price Tracker

Americas, Middle East, Africa, and Asia Pacific

By Gerald Abbey

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

*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

Zimbabwe
Suriname
Canada
Ethiopia
Malaysia

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

Most Expensive

countrypricecurrencyunitchange(6 months)in USD/liters
American Samoa2.9USDG11.2%0.77
Angola160AOAL0.0%0.25
Antigua12.5XCDG0.0%1.23
Argentina58.29ARSL4.1%0.76
Aruba1.845AWGL-6.3%1.04
Australia1.174AUDL0.0%0.84
Bahamas4.03BSDG-8.2%1.06
Bahrain0.14BHDL0.0%0.37
Barbados3.26BBDL-8.7%1.64
Belize8.66BZDG-13.1%1.16
Benin525XOFL4.0%0.94
Bermuda1.91BMDL-5.9%1.91
Bolivia3.74BOBL0.0%0.55
Botswana8.1BWPL-13.8%0.71
Brazil4.721BRLL6.9%0.84
Brunei0.519BNDL0.0%0.38
Cameroon630XAFL0.0%1.13
Canada1.018CADL31.4%0.77
Cape Verde101.5CVEL8.8%1.08
Cayman Islands4.085KYDIMP G-5.8%1.09
Chad518XAFL3.6%0.93
Chile734CLPL-11.2%0.92
Colombia8333COPG-0.2%0.57
Costa Rica578CRCL1.9%0.96
Curacao1.901ANGL2.3%1.07
Djibouti295DJFL-1.0%1.66
Dominica9.23XCDIMP G-13.7%0.75
Dominican Republic197.95DOPG26.7%0.90
DRC1995CDFL-10.9%1.02
El Salvador2.495USDG-1.8%0.66
Eritrea30ERNL0.0%2.00
Ethiopia21.53ETBL30.2%0.58
Fiji2.01FJDL-3.9%0.95
Gabon605XAFL0.0%1.08
Ghana4.77GHSL10.8%0.83
Grenada13.35XCDIMP G-5.3%1.09
Guadeloupe1.33EURL7.3%1.56
Guatemala20.46GTQG-2.2%0.70
Indonesia9075IDRL-1.4%0.62
Kenya106.5KESL-3.9%0.98
Kuwait0.085KWDL0.0%0.28
Lebanon1225LBPL4.3%0.81
Lesotho11.6LSLL-5.7%0.70
Malaysia1.68MYRL29.2%0.40
Martinique1.32EURL-8.3%1.55
Mauritius44MURL0.0%1.11
Mexico18.955MXNL19.6%0.89
Morocco8.59MADL1.1%0.93
Mozambique64.22MZNL-3.4%0.90
Namibia12.7NADL-2.7%0.77
New Caledonia121.05XPFL-11.7%1.19
Nicaragua29.3NIOL21.0%0.84
NZ1.944NZDL2.7%1.29
Oman0.183OMRL1.7%0.48
Peru12.24PENG-8.3%0.90
Philippines48.49PHPL25.2%1.00
PNG2.862PGKL-10.5%0.84
Qatar1.25QARL0.0%0.34
Reunion1.24EURL0.0%1.46
Rwanda966RWFL-11.2%0.99
Saudi Arabia1.44SARL9.9%0.38
Senegal660XOFL-0.8%1.18
Seychelles17.645SCRL14.1%0.98
Sierra Leone7000SLLL0.0%0.71
Singapore1.9535SGDL-2.2%1.44
South Africa14.89ZARL8.2%0.90
St. Kitts9.84XCDIMP G0.0%0.80
St. Vincent10.5XCDG-12.3%1.03
Suriname10.88SRDL68.7%0.78
Tanzania1852TZSL-11.3%0.80
Timor-Leste0.845USDL-5.6%0.85
Turks and Caicos4.9USDG-2.4%1.29
UAE1.8AEDL0.0%0.49
Uruguay54.95UYUL0.0%1.29
USA2.23USDG3.2%0.59
Zambia17.62ZMWL0.0%0.88
Zimbabwe97.62ZWLL385.2%1.22
AVERAGE   6.9%0.93

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