How Gas Prices Compare Around The World

The increases have been particularly pronounced in emerging markets, with gasoline prices jumping by more than 50 percent in the Philippines and nearly as much in Nigeria (around 49 percent), with diesel rising even more steeply.

Advanced economies have also seen notable increases, with gasoline prices climbing by roughly 25 to 30 percent in the United States and Canada over the period, and diesel prices up by around 40 percent in both countries.

Across Europe, price hikes have been more moderate but still significant, with gasoline rising by around 17 percent in France and Germany, while diesel (more directly linked to global trade and transport) saw stronger increases of up to 30 percent.

In Asia, the picture is more mixed, with relatively limited increases in China, South Korea and Japan (from 2.5 to 10 percent for gasoline), reflecting in part the use of price controls and other government measures to cushion the impact of rising global oil prices.

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