Petrol price news
Here are the latest petrol price news updates:
Global Petrol Prices
- As of March 2023, the global average petrol price is around $2.35 per liter, according to the International Energy Agency (IEA).
- The price of petrol has been increasing globally due to various factors such as supply chain disruptions, high demand, and the ongoing COVID-19 pandemic.
Regional Petrol Prices
- United States: As of March 2023, the average petrol price in the US is around $2.75 per gallon, according to the US Energy Information Administration (EIA).
- Europe: The average petrol price in the European Union is around €1.35 per liter, according to the European Commission.
- India: The average petrol price in India is around ₹96.67 per liter, according to the Indian Oil Corporation Limited (IOCL).
- Australia: The average petrol price in Australia is around AU$1.55 per liter, according to the Australian Institute of Petroleum (AIP).
Recent Petrol Price Changes
- India: Petrol prices in India were increased by ₹3.41 per liter on March 22, 2023, due to a rise in global crude oil prices.
- United States: Petrol prices in the US have been increasing steadily since January 2023, with the average price rising by around 10 cents per gallon.
- Europe: Petrol prices in Europe have been relatively stable in recent weeks, with some countries experiencing small price increases.
Petrol Price Predictions
- IEA: The IEA predicts that global petrol prices will continue to rise in the short term due to supply chain disruptions and high demand.
- EIA: The EIA predicts that petrol prices in the US will continue to rise in the coming months due to increasing demand and supply chain constraints.
- Bank of America: Bank of America predicts that petrol prices will reach $3.50 per gallon in the US by the end of 2023 due to supply chain disruptions and high demand.
Please note that petrol prices can fluctuate rapidly and may be affected by various factors such as global events, economic conditions, and government policies. It's always a good idea to check current petrol prices in your area for the most up-to-date information.