Pump price for gasoline (US$ per liter) - South America
Definition: Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.
Description: The map below shows how Pump price for gasoline (US$ per liter) varies by country in South America. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the region is Uruguay, with a value of 1.80. The country with the lowest value in the region is Venezuela, with a value of 0.02.
Source: German Agency for International Cooperation (GIZ).
Statistical Concept and Methodology: Data on fuel prices are compiled by the German Agency for International Cooperation (GIZ), from its global network and other sources, including the Allgemeiner Deutscher Automobile Club (for Europe) and the Latin American Energy Organization (for Latin America). Local prices are converted to U.S. dollars using the exchange rate in the Financial Times international monetary table on the survey date. When multiple exchange rates exist, the market, parallel, or black market rate is used.
Aggregation method: Median