Survey on fuel price increases due to the Iran, US, and Israel conflict

Hey everyone, I could use some help putting together a survey about what's happened since the conflict involving Iran, the US, and Israel started. There's a lot of chatter that many countries are feeling the pinch because fuel distribution is getting messed up in the Strait of Hormuz. I've heard some places have seen fuel prices spike by over 50% since this mess began. Rather than just relying on mainstream news, I'd love to hear from you guys directly. Let’s keep it simple: tell us what country you're in, what your fuel price was before the conflict kicked off, and what it's at now. Also, share your thoughts on whether you think the rise in fuel prices is impacting other prices in the market. For me, I'm in Indonesia. Before the war, I was paying Rp12,200 for RON95 fuel, and now, after a month of conflict, it’s Rp13,150. That’s an increase of about 6.05%, but honestly, the economy seems pretty stable here no major price hikes yet. Thanks a lot!

There are many people in this community who prefer to stay anonymous, that is one of those guiding principles and ideas behind bitcoin - a decentralized network allowing you to make trades online without third parties having your identity all the time, aka digital cash. Others might be willing to give you a general area, but you can find all this information in the news if you were really curious and went digging for it. I believe Australia is one of the worst effected, with 30%+ increases in some areas, while many parts of Europe have seen increases of 10-20%. It surprises me when people say they have seen increases less than that, especially from countries which are not known for producing lots of oil - because the remaining amounts are all under more competition and richer countries tend to be able to pay more at the expense of poorer countries. If that has not hit you yet, maybe your government is subsidizing it, hoping to avoid unrest and hoping the price will come down before the money runs out.

In the country that I live the price of all petroleum products has increased in price and it has been credited to this war. We are still battling to have a stable price especially in premium motor spirit which has been relatively high his the war broke out in the middle east. This is because the strait of Hormuz was close some times a go and this means that, there was no supply of this very important product which naturally takes up the price of fuel and gas. And by my observation this war impacted negatively on the rest of the world because, the price of oil per barrel was high too , this also implies that the price of fuel and other petroleum products will be higher. I just hope that with the opening of the strait of Hormuz the price of petroleum products will return back to normal over time.

Seriously, many countries are facing a rise in fuel prices, but what’s really surprising is that even the oil producing countries are having the same issue, which is quite confusing and alarming to me. I can understand it a bit for gas, but for countries that produce crude oil, you would expect things to be more stable. Maybe there are other factors involved, but I am not an economist, so I will leave that to the experts to explain. In my country, fuel prices also vary depending on how close you are to the supply areas. In some places, it’s around $1 per litre, while in others it’s slightly higher by a few cents. That’s if you make the conversion from my local currency.

It’s simple, some of this oil producing countries do not have their local refineries or they have refineries which cannot effectively refine crude oil completely and this means that they have to export crude oil out to be refined and then import same oil back into the country in different forms and this actually is affecting the price of the oil because the pump price is hike globally and the country gets back the oil in this price too. Another reason is that most of them lack good reserve which is not enough for the citizens themselves and also for other countries they might be supplying and we all know that when there is scarcity in anything or demand grows the price is hike, as most of the countries do not actually regulate their prices which is why most stations just fixes their own price and it’s causes hike in Demand

Unfortunately, oil is extremely volatile during wartime, especially coming from that region. I'm from Brazil, and I used to fill up my car with diesel at R$ 5.70 per liter, but now it's R$ 7.80... I believe these price hikes won't stop there. If this war lasts another two weeks, the price will definitely cross the R$ 10.00 mark. Sadly, in Brazil, everything depends on diesel. The country is continental in size and lacks the infrastructure to move production without relying on trucks and highways... it's a shame.

I’m from the PH, and gas prices where I live have increased by about 80% since the war broke out. It’s even higher in some provinces that rely on sea transport. If I’m not mistaken, the PH relies on the Middle East for around 90% of its total supply. The president has already declared an energy emergency, the first in Asia to do so. So far, other goods haven’t been affected much or increased significantly. Prices have mostly stayed the same, but I’m not sure how things will be in the coming months. We might feel the impact even more as time goes on.

Well, in Mars where I live there is no war (yet). SO I am paying the same price at it used to be. Jokes apart, there is not much effect on the fuel prices as far as I checked, maybe the price spiked up like 5% max due to the fear that price will hike and people were stacking the fuel in every possible way.

Another point is the currency won’t really make sense. Just know that the gas proces have now doubled. Not just gas prices but even everyday things like oil used for cooking has increased in price. Everything is so expensive these days. Electricity, transportation fees. It’s not the time to make unnecessary purchases

i think you guys should convert your prices to USD so we don't have to google how much the price in USD. i'm from Philippines the Gasoline use to be just $1/liter now its $1.80 and this vary in some city and some brands like Caltex is more than $2.10. what is to worry later on is if the strait Bab-el-Mandeb which is also the choke point of gas trade near Saudi will also be closed. this is where we gonna suffer. only now we found out we rely our energy from this region.

Every country in Eu has some sort of tracker to monitor the prices over different stations, most chains have also live tracking at specific gas stations https://fuelo.eu/ Anyhow, if we talk % Europe is the most shielded of all We already pay more than half of the gas prices due to taxes, so raw oil is actually not even 25% of the current price, so even if it doubles our price won't rise more than 25% , it needs to quadruple to $280 so that our prices would be double what they were. At at $280 per barrel, demand destruction will hit,  half of the world would stop using oil before that as they can't afford it.

I am from Nigeria, and in the state where I live in, petrol was sold within the range of N895 naira in our local currency for a litre, now it is sold around N1300 -N1600 depending on where you are buyiung a litre from. My view on this is that things will get worse because we heavily depend on petrol for our vehicles, and even to power our homes. we may see a litre sold for N2000 if this crisis deepens. The cost of transportation has already been affected, even supermarkets have changed the price of things because the cost of power is now more expensive, workers are being laid off just so that companies do not crumble.

The fuel price in my country was around 900 to 800 naira, but today as we speak the price is around 1,300 to 1,500 naira  depending on your location. My country is one country that is heavily dependent on fuel because most of our commercial activities is dependent on combustion engine, so since the price of fuel increase, it has literally affected our transport system which has as well snowballed to price increase on food and other commercial activities. But one of my major concern is the fact that even after the war will probably be have de-escalated, it is always difficult for price to go back to the normal way it used to.

The price of gasoline has not increased. As it was a little less than $1 per 1 liter on average by grade (octane number), so far it has remained. This is the price in dollars, to make it clear. Otherwise, prices are indicated here in some exotic currencies, and the price is completely unclear. It is necessary to indicate everything in dollars. By the way, 80% of this price is the state excise tax.

The curiosity is that almost all countries of the world had their people complaining of high cost of buying petroleum products during this Iran, Israel and US war. The other day, I watched a female social media influencer making video of the changes in pump price in the US. The story is not different from my end which is about 50% increase and still rising. This is beginning to affect transportation which is the first area that it touches and then price of goods will immediately start to jump, followed by services. This is the situation of the effect of the war. Like I will ask in surprise, why will this affect countries that are oil producing nations that also have refineries and refine their products and export some to other countries.

A 6 percent price increase in a month seems like a big change to me. When the war period has only been a month, many countries have already used up some of their reserves. That's why they said there was a 6% change. I think if the war lasts a long time, the energy sector will face a major threat. If the Straits remain closed to shipping for a long time, there will be serious disruptions in fuel transportation, which will result in a much higher fuel price. Also, because of the war, many oil companies are unable to refine, which creates a shortage.

I live in Ukraine. Gasoline prices at gas stations in Ukraine (in US dollars per liter of 95+ gasoline) - Before the start, approximately $1.44 per liter - Today, approximately $1.66 per liter Total price increase is approximately 15% However, prices are starting to drop slightly, plus there is a government cashback of about 0.25 cents per liter of gasoline, as well as bonus savings accounts where approximately 1–2.5% of the amount spent on gasoline is credited (from gas station chains)

Before a price of gas (fuel) is 930 naira within my state, but from the start of the war between US/Israel and Iran the gas price has moved from then to 1500 Naira (1.20 $) Nearly 40 percent increase within the shortest period of war, and of course every other thing has also increased on price due to the effects of war. But then, yesterday I went to purchase a gas (fuel) the price was around 1400 Naira in my State. This is to say there is a bit reduction in price.

This war has an effect on so many things, not only fuel. It has caused a hike in so many commodities in the market, which is due to the scarcity and fuel price hike was the reason for all. Before this war, in Nigeria, the price of gasoline(fuel) was sold around N900 naira per litre, but now some filling stations are selling around N1400 which is almost more than 50% increment from its previous price before; meaning in Nigeria, fuel price is approximately $1 per littre which is very bad for a petroleium producing country that supplies some countries with curde oil. Nevertheless, we hope the war come to an end soon because if this war keep going, it will affect so many things and will result to high inflation rate globally.

That would not be so bad if we take into account how much vehicles that use oil derivatives pollute the air and what this same air does to human health. Maybe only high oil prices will force (encourage) people to start using electric vehicles more, or at least reduce how much someone uses their vehicle.