Petrol and Diesel Fuel Prices in South America

Lowest
country
Venezuela
€0.03
per litre
South America Average
€0.91
per litre
*Average Fuel Price based on the previous 12 months data
Highest
country
Uruguay
€1.66
per litre
Data Collected 05-10-2024
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Petrol and Diesel Averages 2016 - 2022

South America consists of 12 states, Argentina, Bolivis, Brazil, Chile, Columbia, Ecuador, Guyana, Paraguay, Perus, Suriname, Uruguay and Venezuela.
 
The two countries in South America which produce the most oil are Venezuela and Brazil with Venzuela being the countrys biggest producer and producing more than Saudi Arabia.   It is not much of a surprise then to see the Worlds cheapest fuel to purchase is in Venezuela.

Although it is home to some of the largest reserves of oil it is a country with a very low income.  There have been several increases in the price of fuel since 2020 in Venezuela when a policy which had been in place for 10 years freezing the price of fuel was rolled back.  The policy had been put in place to guarantee fuel distribution and production in the country by the then President Nicola Maduro.

 
Fast Facts - 05-10-2024
South America
Venezuela - €0.03/lt
Uruguay - €1.66/lt
€0.90/lt
€-0.03
0.96,0.74,0.91,0.93,1.03,1.04,1.05,1.05,1.06,1.07,1.09,1.07
Lowest
€0.03/lt
Venezuela
Highest
€1.66/lt
Uruguay
South America
Average
price
since 2017
€0.90/lt
12 month
change
€-0.03


Lowest Petrol Pump Price in South America

#CountryPriceGraph12 Month ChangeHistory
1Venezuela€0.03 
€0.00
0.030.03,0.03,0.03,0.03,0.03,0.03,0.03,0.03,0.03,0.03,0.03,0.030.03
2Bolivia€0.49 
€0.01
0.500.50,0.50,0.50,0.50,0.50,0.50,0.50,0.50,0.50,0.49,0.49,0.500.50
3Ecuador€0.62 
€0.04
0.590.59,0.58,0.59,0.58,0.60,0.61,0.61,0.66,0.66,0.66,0.62,0.620.62
4Paraguay€0.81 
€0.01
0.800.80,0.78,0.79,0.77,0.83,0.83,0.82,0.81,0.84,0.81,0.81,0.810.81
5Colombia€0.90 
€-0.03
0.900.90,0.94,0.95,0.95,1.00,0.97,0.95,0.93,0.91,0.88,0.90,0.850.85
6Guyana€0.94 
€0.00
0.950.95,0.94,0.96,0.94,0.95,0.96,0.96,0.95,0.94,0.93,0.94,0.940.94
7Peru€1.00 
€-0.28
1.291.29,1.24,1.18,1.21,1.24,1.24,1.17,1.18,1.17,1.06,1.00,1.011.01
8Brazil€1.01 
€-0.08
1.051.05,1.04,1.04,1.06,1.05,1.07,1.01,0.99,0.98,0.98,1.01,0.970.97
9Suriname€1.07 
€0.10
0.950.95,1.03,1.05,1.11,1.21,1.16,1.11,1.13,1.20,1.19,1.07,1.051.05
10Argentina€1.09 
€0.11
0.960.96,0.74,0.91,0.93,1.03,1.04,1.05,1.05,1.06,1.07,1.09,1.071.07
11Chile€1.28 
€-0.14
1.371.37,1.28,1.25,1.27,1.33,1.41,1.38,1.32,1.28,1.28,1.28,1.241.24
12Uruguay€1.66 
€-0.14
1.781.78,1.75,1.79,1.80,1.82,1.89,1.85,1.79,1.75,1.74,1.66,1.661.66


Lowest Diesel Pump Price in South America

#CountryPriceGraph12 Month ChangeHistory
1Venezuela€0.00 
€0.00
0.000.00,0.00,0.00,0.00,0.00,0.00,0.00,0.00,0.00,0.00,0.00,0.000.00
2Ecuador€0.43 
€0.02
0.430.43,0.42,0.43,0.42,0.44,0.48,0.44,0.44,0.43,0.43,0.43,0.440.44
3Bolivia€0.49 
€0.00
0.500.50,0.49,0.50,0.49,0.50,0.54,0.50,0.50,0.49,0.49,0.49,0.490.49
4Colombia€0.57 
€-0.01
0.560.56,0.56,0.57,0.57,0.60,0.65,0.57,0.56,0.55,0.64,0.57,0.540.54
5Peru€0.82 
€-0.23
1.001.00,0.95,0.93,1.01,1.00,1.09,0.93,0.93,0.93,0.85,0.82,0.820.82
6Paraguay€0.87 
€-0.08
0.940.94,0.91,0.93,0.91,0.97,1.05,0.96,0.91,0.90,0.87,0.87,0.840.84
7Chile€0.94 
€-0.18
1.091.09,1.05,0.99,1.00,1.04,1.12,1.03,1.00,0.96,0.94,0.94,0.920.92
8Brazil€0.99 
€-0.19
1.121.12,1.10,1.09,1.08,1.08,1.17,1.01,0.99,0.95,0.95,0.99,0.940.94
9Suriname€1.08 
€-0.07
1.041.04,1.01,1.11,1.09,1.10,1.20,1.09,1.15,1.19,1.18,1.08,1.041.04
10Argentina€1.09 
€0.05
1.071.07,0.81,1.00,1.03,1.11,1.21,1.11,1.13,1.14,1.13,1.09,1.121.12
11Guyana€1.09 
€0.01
1.111.11,1.09,1.11,1.09,1.10,1.20,1.11,1.11,1.09,1.08,1.09,1.101.10
12Uruguay€1.10 
€-0.28
1.351.35,1.29,1.28,1.29,1.30,1.42,1.25,1.21,1.18,1.18,1.10,1.101.10