Petrol prices rise in 145 countries six months into US-Israel war on Iran
This digest was compiled by AI from multiple sources — links to the originals are below.
Petrol prices have risen in at least 145 countries since the US and Israel launched their war on Iran on February 28. The increase, tracked by GlobalPetrolPrices across 170 countries and territories, has added to the burden on consumers worldwide. Myanmar recorded the steepest rise at 56 percent, while 25 mostly oil-producing countries saw prices unchanged or lower.
Key Facts
- Petrol prices rose in at least 145 countries between February 23 and August 17, according to GlobalPetrolPrices data covering 170 countries and territories.
- Myanmar recorded the largest increase at 56 percent, from $0.77 to $1.20 per litre of 95-octane fuel.
- The US national average for a gallon of regular petrol rose 39 percent to $4.09, according to AAA Fuel Prices.
- In the US, $50 worth of fuel now covers about 536 km, down from 718 km before the war — a 25 percent reduction in driving distance.
- Bhutan, Cuba, the UAE and Nigeria recorded price increases of 55, 51, 50 and 48 percent respectively.
Global Price Increases
At least 145 countries reported higher petrol prices in the six months after the US and Israel launched their war on Iran on February 28. The figures come from GlobalPetrolPrices, which tracks fuel prices in 170 countries and territories. Myanmar saw the steepest rise, with 95-octane fuel climbing 56 percent from $0.77 per litre on February 23 to $1.20 on August 17. Bhutan followed with a 55 percent increase, Cuba with 51 percent, the UAE with 50 percent and Nigeria with 48 percent. In 25 other countries, most of them oil producers with heavily subsidised fuel, prices remained unchanged or fell by single digits.
US Consumer Impact
Before the war, the US national average for a gallon of regular petrol was $2.94; it now costs $4.09, a 39 percent increase, according to AAA Fuel Prices. The extra cost directly affects how far people can travel: $50 worth of fuel in the US could take a family sedan roughly 718 km before the war, but now covers about 536 km. That is 183 km less, a 25 percent reduction in driving distance, with the gap varying depending on location, car and fuel grade.
Oil and Food Prices
Oil prices and food prices move in lockstep, with energy prices affecting every stage of the food supply chain, from fertilisers to transport. Economist David McWilliams told Al Jazeera that transport is the lifeblood of the global economy, linking logistics, supply chains and energy. In lower-income countries, where populations spend a far greater share of earnings on food and import large quantities of grain and fertiliser, rising oil prices could rapidly translate into food shortages. Oil and gas are also raw materials for thousands of everyday products, including plastics, synthetic fabrics, water bottles, food packaging, phone casings and medical syringes.
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Petrol prices rise in 145 countries six months into US-Israel war on Iran
