According to our data set of 161 countries, gasoline is more expensive than diesel fuel in 84% of all countries. On average, diesel is 9,84% cheaper but the difference varies considerably across countries as well as within countries over time. Here we discuss several factors contributing to the price spread. Both gasoline and diesel fuel are produced from crude oil and therefore the cost of crude oil is the main factor influencing gasoline and diesel prices. However, fuel prices also reflect refining costs, taxes, and distribution and marketing costs. Additionally,…
Read MoreUnderstanding the price gap between gasoline and diesel fuel
