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Change in gasoline prices in Latin America H1 2020 - H1 2022, by country

Published by Statista Research Department, Jan 25, 2023
Gasoline prices increased worldwide in the first half of 2022, a consequence of the Russian invasion of Ukraine and the tightening of fossil fuels market. In Latin America, Panama reported the largest impact, with the average price per liter increasing by 65 percent between January and June 2022. Ecuador and Colombia were the only two countries displayed which registered a decline in prices.
An opposite trend was observed in 2020, when gasoline prices decreased in Latin American countries because of the travelling restrictions brought in by the COVID-19 pandemic.

Change in average gasoline price in selected countries in Latin America and the Caribbean from 1st half 2020 to 1st half 2022

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Release date

July 2022

Region

LAC

Survey time period

H1 2020 to H1 2022

Supplementary notes

In 2020 and 2021, the price change is calculated in comparison to the same period of the previous year. In 2022, the price change is calculated between January and June 2022.
Figures for 2020 were retrieved from a previous release of the publication.

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