To grasp the 'real price' of gasoline globally, one must distinguish between the **open market price** (without state intervention) and the **subsidized price** (where the government covers part of the cost).
As of today, **April 22, 2026**, the global market is under a lot of pressure due to tensions in the Middle East, which has pushed the price of Brent crude to levels between **$95 and $120**. This makes the 'real price' or international price much higher than in previous years.
Here’s the comparison of real vs. subsidized prices:
### 1. The "Real Price" (Without Subsidies)
This is the price you would pay in countries with free markets. It includes the cost of oil, refining, logistics, and taxes.
| Country | Market Type | Real Price (USD/Liter) |
|---|---|---|
| **Singapore** | Free Market | **$3.38** |
| **Hong Kong** | Free Market | **$3.25** |
| **Iceland / Norway** | Free Market | **$2.60 - $2.80** |
| **Spain / France** | Free Market | **$1.85 - $1.95** |
| **Uruguay** | Free Market (Parity Price) | **$2.05** |
| **U.S. (Average)** | Free Market | **$1.08** (approx. $4.10/gallon) |
### 2. Countries with Dual Pricing (Subsidized vs. Real)
Some countries keep prices artificially low for a portion of the population, but charge the "real" price to others or for excess consumption.
| Country | Subsidized Price (USD) | "Real" / International Price (USD) |
|---|---|---|
| **Venezuela** | **$0.035** (Patria Quota) | **$0.50** (International price at stations) |
| **Iran** | **$0.029** (Rationed) | **$0.65** (Local free price) |
| **Libya** | **$0.028** | Not applicable (Almost 100% subsidized) |
| **Indonesia** | **$0.64** (Pertalite) | **$0.98** (Pertamax / No subsidy) |
| **Egypt** | **$0.44** | **$0.75** (High octane gasoline) |
### 3. Why is the price so different?
If all countries buy oil at the same international price, the "real" difference you see at the pump is due to two factors:
1. **Taxes:** In Europe, more than **50% of the price** you pay is taxes to fund roads or green policies. That's why gasoline in Germany is much more expensive than in the U.S., even though both are wealthy countries.
2. **Subsidies (Public Spending):** Countries like Venezuela or Iran spend billions from their budget so citizens don't feel the impact of the international price.
### Current Scenario Summary (April 2026)
* **Global Real Average:** **$1.49 per liter**.
* **Trend:** Bullish. Due to the partial closure of maritime routes in the Strait of Hormuz, transportation costs have risen by **20%**, forcing countries like Vietnam or Mexico to reassess their subsidies because they can no longer cover them.
As you are **, you'll notice that while the subsidized price remains fixed in bolivars (or cents), the "Real" price of $0.50 sets the pace for cargo and product transport, which ultimately influences the prices
of the services you sell.
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