Global monthly energy price index 2023

The global fuel energy price index stood at 202.89 index points in October 2023, up from 100 in the base year 2016. Figures increased six-fold between summer 2020 and summer 2022 as a result of an ongoing energy supply shortage that was exacerbated by the Russia-Ukraine war. The decrease noted in October was due to mild weather and reduced demand outlooks as recession fears loomed. The fuel energy index includes prices for crude oil, natural gas, coal, and propane.

Monthly fuel energy price index worldwide from January 2020 to October 2023

Characteristic	Price index (2016=100)
Oct '23	202.89
Sep '23	204.55
Aug '23	188.22
Jul '23	174.98
Jun '23	165.82
May '23	169.23
Apr '23	192.37
Mar '23	186.02
Feb '23	201.72
Jan '23	223.27
Dec '22	258.5
Nov '22	256.86
Oct '22	259.86
Sep '22	330.15
Aug '22	376.41
Jul '22	343.81
Jun '22	328.12
May '22	306.67
Apr '22	300.53
Mar '22	331.78
Feb '22	260.05
Jan '22	241.38
Dec '21	239.99
Nov '21	235.68
Oct '21	256.46
Sep '21	212.88
Aug '21	183.81
Jul '21	181.35
Jun '21	170.9
May '21	154.56
Apr '21	143.19
Mar '21	142.14
Feb '21	137.66
Jan '21	138.45
Dec '20	118.49
Nov '20	100.9
Oct '20	95.4
Sep '20	91.3
Aug '20	93.23
Jul '20	86.42
Jun '20	82.4
May '20	68.01
Apr '20	55.89
Mar '20	72.99
Feb '20	109.29
Jan '20	126.14

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Release date

November 2023

More information

Region

Worldwide

Survey time period

January 2020 to October 2023

Supplementary notes

Index use as base 2016 = 100.
Includes crude oil, natural gas, coal price and propane indices.

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