- Fuel prices in Hong Kong rank as the highest globally, at $3.07 per liter in 2025.
- Several European cities rank among the world’s most expensive for gasoline, driven by energy supply shocks.
- Riyadh, Saudi Arabia has seen the fastest price increase since 2020 across 69 cities analyzed, with fuel costs up nearly 49%.
Since 2020, gas prices have risen in the double-digits across many urban centers globally.
As the war in Ukraine led to supply shocks, gas prices have jumped over 40% in Budapest, Vienna, and Zurich—among the hardest hit in Europe. Meanwhile, Cairo and Bangkok saw prices decline, making them global outliers.
This graphic shows the price of gas across major global cities in 2025, based on data from Deutsche Bank.
How Have Gas Prices Changed Since 2020?
Below, we show the price of one liter of gas in U.S. dollars, along with its cumulative five-year change across 69 cities:
Hong Kong’s reliance on imported gas, compounded by high rent costs for fuel stations are among the key factors driving up prices. Over the past five years, prices have jumped by more than a third.
Zurich, Amsterdam, and Geneva follow next in line, each with costs above $2.25 per liter. Wars in the Middle East and Ukraine have pushed up prices, rising 40.1% in Zurich and 37.4% in Geneva since 2020.
In contrast, American fuel prices remain comparatively low thanks to its significant oil production. San Francisco is the nation’s most expensive city, where prices climbed from $0.97 to $1.30 per liter in five years. New York has also seen steady increases, rising from $0.70 in 2020 to $0.94 in 2025.
As we can see, Cairo has the cheapest fuel across 69 countries analyzed, at just $0.32 per liter, largely due to government subsidies and the country’s high domestic production volumes.
 Credit: Visual Capitalist
