Recent Focused Series »

Indo-European Origins
Siberia
Northern California
The Caucasus
Imaginary Geography
Home » Economic Geography, GeoNotes, World

Egypt and the World Diesel Price Map

Submitted by on April 4, 2013 – 8:45 pm 6 Comments |  
World Diesel Price MapThe price of fuel in Egypt, and especially that of diesel, has been featured in many recent news stories, owing to the perilous state of the Egyptian economy. As an April 1 article in Financial Times notes:

Egypt imports up to 70 per cent of its diesel, which it uses to fuel cars, farm equipment and power plants. In addition, it subsidises diesel to the tune of at least $1.5bn a month, draining the country’s already perilously low hard currency reserves. A spate of shortages in recent weeks has raised questions about Egypt’s ability to keep the lights on, feed its people and prop up its moribund economy in the coming months.

But Egypt is not the only country that subsidizes diesel. In fact, at US$ 0.32 per liter, diesel is expensive in Egypt compared to what it costs in some other countries. In Venezuela, Iran and Saudi Arabia, the corresponding figures are $0.013, $0.016 and $0.067 respectively. Those three countries, or course, are major oil exporters, unlike Egypt. Egypt is now a net importer of oil, although it does have abundant natural gas deposits. In no other net oil importer is the price of diesel even close to that found in Egypt. Although Sri Lanka appears on the map in the same color as Egypt, its diesel price is as at 0.66 US$ per liter.

As can be seen on the map, based on data from the World Economic Forum’s Travel and Tourism Competitiveness Report, diesel is generally expensive in the major industrialized countries and inexpensive in the major oil exporters. Oil-exporting Norway, however, has the world’s second highest price level, exceeded only by that of Turkey. Canada and especially the United States stand out for their relatively low prices. Prices vary greatly in Latin America and especially sub-Saharan Africa, which reflect governmental subsidies more than anything else.

I would like to post a world map of natural-gas prices, but I have not yet been able to find one, or the data necessary to construct my own.

 

Previous Post
«
Next Post
»

Subscribe For Updates

It would be a pleasure to have you back on GeoCurrents in the future. You can sign up for email updates or follow our RSS Feed, Facebook, or Twitter for notifications of each new post:
        

Commenting Guidelines: GeoCurrents is a forum for the respectful exchange of ideas, and loaded political commentary can detract from that. We ask that you as a reader keep this in mind when sharing your thoughts in the comments below.

  • BorisDenisov

    Belorussian price is lower than Russian for about more than a year

    • http://geocurrents.info Martin W. Lewis

      Thanks for the information. Unfortunately, the World Economic Forum has no data for Belarus.

  • Verpadoro

    The price in French Guyana is much higher than in mainland France. Do you
    isolate data from the mainland and overseas area ?

    Good article !

    • http://geocurrents.info Martin W. Lewis

      Interesting point. Unfortunately, the data source does not go below the country level, and hence French Guiana is tabulated like all other parts of France. In the United States as well, prices vary significantly from state to state as well.

      • Asya Pereltsvaig

        Indeed even within a state gas prices can be quite different. We have two Shell gas stations within couple of blocks from each other and our home, and the prices at those two stations can be different by up to 30%.

      • Asya Pereltsvaig

        Even prices within a state can be quite different: we have two gas stations not far from our home, within blocks of each other, and the prices between the two stations can be as different as 30%.