The war between the United States and Iran, which began at the end of February, triggered a sharp increase in the price of oil worldwide and, consequently, in its refined products.
Since the sharp increase at the end of March was applied in Chile and up to today, the price of 93-octane gasoline has risen by $419, while the price of diesel has increased by $675.
Thus, the average price of 93-octane gasoline in the Metropolitan Region is $1,575, while at the national level it stands at $1,617.
Diesel, meanwhile, has an average price of $1,594 in the Metropolitan Region and a national average of $1,626.
Despite this sharp increase and the historic price levels, in comparison with countries of the Organisation for Economic Co-operation and Development (OECD), Chile ranks eighth (out of a total of 38) among the bloc's countries with the lowest gasoline prices. Meanwhile, the price of diesel is the fifth lowest in the bloc.
Considering the list of 170 countries recorded by GlobalPetrolPrice, gasoline in Chile appears right in the middle, in 87th place and around the linear world average of US$1.66 per liter. Meanwhile, for diesel, Chile appears in 74th place, around 10% below the average and 30% cheaper than the OECD average.
In South America, Chile is the third country with the highest prices, surpassed only by Peru and Uruguay, both countries...
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The war between the United States and Iran, which began in late February, triggered a sharp increase in the global price of oil and, consequently, in its refined products. Since the steep hike applied in Chile at the end of March and up to today, the price of 93-octane gasoline has risen $419, while the price of diesel has increased $675. As a result, the average price of 93-octane gasoline in the Metropolitan Region is $1,575, while at the national level it stands at $1,617. Diesel, meanwhile, has an average price of $1,594 in the Metropolitan Region and a national average of $1,626. Despite this sharp increase and the historic price levels, in comparison with countries of the Organisation for Economic Co-operation and Development (OECD), Chile ranks eighth (out of a total of 38) among the bloc's countries with the lowest gasoline prices. Meanwhile, the price of diesel is the fifth lowest in the bloc. Considering the list of 170 countries recorded by GlobalPetrolPrice, gasoline in Chile appears right in the middle, in 87th place and around the global linear average of US$1.66 per liter. Meanwhile, for diesel Chile appears in 74th place, around 10% below the average and 30% cheaper than the OECD average. In South America, Chile is the third country with the highest prices, surpassed only by Peru and Uruguay, both net importers like Chile. According to the GlobalPetrolPrice portal, the increase in diesel in Chile since the war began is about 25 percentage points higher than the OECD median (34.8%) and that of South America (34.6%). Meanwhile, the country with the smallest increase in the OECD is a producer country, Colombia, with an increase of 3.1% for diesel, followed by Mexico, with 2.6%. At the top of the list, the countries with the largest increases are New Zealand, with an increase of 69.7%, and the United States, with 60.9%. NEWSLETTER Pulso PM Monday to Friday, 12:30 PM The most relevant news on markets, companies and business: timely information, context and content to make better decisions. By subscribing you are accepting the Terms and Conditions and Privacy Policies of La Tercera.