World Energy Prices
High-quality data on end-use energy prices
The IEA’s World Energy Prices database provides users with high-quality annual data on end-use prices for most countries in the world, based on official sources and calculated using transparent and documented methodologies. The database includes annual energy prices data for more than 100 countries, for gasoline, diesel, electricity and other products. It complements the IEA's historical quarterly data for Energy Prices and Taxes of OECD member countries.
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Sample data: global fuel prices
In 2017, the global average price of gasoline was 0.86 US dollar per litre (USD/l), a 2% increase compared to the previous year.
Prices varied greatly across countries: from 0.24 USD/l in Saudi Arabia to over six times that amount in Norway (1.77 USD/l). Both of these countries are crude oil exporters, and the price difference between them is mainly determined by national policy decisions. Government policy - in the form of taxes and/or subsidies – strongly influences how prices at the pump vary around the world.In general, European consumers pay the highest gasoline prices, generally reflecting high taxes on fuels. At the other end of the spectrum, the lowest prices are found among countries that subsidise liquid fuels.
Gasoline prices in USD per litre
Mid-grade gasoline in 2017 unless otherwise specified
In recent years, automotive diesel and gasoline prices have tracked movements in crude oil prices. Global pump prices are, on average, significantly higher than the underlying crude spot prices as they also reflect transformation, transport and marketing costs, as well as taxes levied on fuel sales.
At a global level, gasoline is less expensive than automotive diesel despite being more expensive in most individual countries, as the global average for gasoline is more influenced than that of diesel by the lower price levels of the United States.
At a regional level, pump prices track movements in crude markets more closely in the United States than in the European Union – largely reflecting taxation structure. For example, in Europe most taxes are levied on a per volume basis while in the United States, taxes are usually ad valorem (proportional to the value). Specific policy effects also decouple trends in product prices from those of crude, for example for the countries where automotive diesel prices have increased the most over a period when crude prices recorded a 45% drop.
For automotive diesel, the three largest price increases were seen in Saudi Arabia, Bahrain and Algeria, all linked to policy developments rather than movements in commodity prices, as the countries reduced their fuel subsidies through successive increases in prices at the pump. Despite the high increases in relative terms, prices for automotive diesel in these countries were still among the lowest in the world as of 2017.