Record-high petrol prices now global
Fuel is one of the major contributing factors to the rising cost of living across the world as demand for fuel has surged ahead of supply. Escalated by the war in Ukraine, petrol prices have risen in all ranked locations, bar Bamako in Mali, averaging a 37% increase.
Most dramatically, Beirut, Lebanon saw a 1128% increase since last year, while Istanbul, Turkey experienced a 156% increase. Elsewhere in Europe, petrol prices have increased across the continent, with Tirana, Albania seeing the next largest increase at 46%. St Petersburg in Russia saw the smallest price increase in Europe, rising only 10% despite the sweeping sanctions in place – thanks to their domestic oil supply and refining capacity. Meanwhile, in London, motorists are paying 23% more for their petrol than last year – or £18.72 more for a 60 litre tank.
As car owners across the UK feel the dramatic cost increase at the pumps, the most expensive petrol in the world is in Hong Kong at £2.26 per litre – up 39p per litre from a year ago. This is compared to £1.69 in London and £0.93 in New York. On the other end of the scale, Luanda, Angola and Tehran, Iran report the cheapest petrol at 0.24p and 0.07p per litre respectively.
City Comparison: Cost of petrol per 1l
| Country | City | 2022 Price (GBP) |
| Hong Kong | Hong Kong | 2.26 |
| Israel | Tel Aviv | 2.14 |
| France | Paris | 1.81 |
| United Kingdom | London | 1.69 |
| Republic of Ireland | Dublin | 1.50 |
| USA | New York | 0.93 |
| Angola | Luanda | 0.24 |
| Iran | Tehran | 0.07 |
Information Source: Read More–>
ENERGY | ELECTRIC POWER | NATURAL GAS | OIL | CLIMATE | RENEWABLE | WIND | TRANSITION | LPG | OIL & GAS | SOLAR | ELECTRIC | BIOMASS | SUSTAINABILITY | OIL PRICE |
