Katerina Swanson
As of 2016, the price of diesel fuel in Haiti was 0.62 USD per litre, which is a decrease from 0.94 USD in 2014. In Haitian Gourde, the price of diesel fuel is 163.79 per litre. The price of diesel fuel in Haiti has fluctuated over the years, with a record high of 1.03 USD in 2012 and a record low of 0.30 USD in 2002.
| Characteristics | Values |
|---|---|
| Price of diesel fuel in Haiti | 163.79 Haitian Gourde per litre |
| Diesel price in Haitian Gourde compared to world average | Higher |
| World average price of diesel | 154.17 Haitian Gourde |
| Yearly average price of diesel in USD from Dec 1998 to 2016 | 0.610 USD |
| Maximum price of diesel in USD | 1.030 USD in 2012 |
| Minimum price of diesel in USD | 0.300 USD in 2002 |
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What You'll Learn
Diesel price in Haitian Gourde per litre
As of 19 May 2025, the price of diesel fuel in Haiti is 163.79 Haitian Gourde per litre. This is higher than the average world price of diesel for this period, which stands at 154.17 Haitian Gourde per litre.
To provide some context on diesel prices in Haiti, the fuel prices refer to the pump prices of the most widely sold grade of diesel fuel. The data is reported yearly and is averaged at 0.610 USD from December 1998 to 2016, with 8 observations. The price of diesel fuel in USD per litre was recorded at 0.300 USD in 2002, reaching an all-time low. The price rose steadily over the years, reaching a peak of 1.030 USD in 2012. In 2014, the price was recorded at 0.940 USD, and in 2016, it decreased further to 0.620 USD.
The price of diesel fuel in Haiti, when expressed in Haitian Gourde, may be influenced by various factors such as the global oil market, the country's fuel taxation policies, and the exchange rate between the Haitian Gourde and the US Dollar. It is worth noting that Haiti has a regulated fuel market, which means that fuel prices do not change as frequently as in other countries. The prices for such countries are, therefore, updated on a monthly basis.
The diesel price in Haitian Gourde per litre is a critical indicator of the country's economic health and can impact various sectors, including transportation, agriculture, and industry. It also affects the cost of goods and services that rely on diesel-powered machinery or transportation. As such, the Haitian government and relevant authorities closely monitor fuel prices and may implement policies or regulations to stabilize or control them.
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Price comparison to other countries
The price of diesel fuel in Haiti is 163.79 Haitian Gourde per litre. This is higher than the average global price of diesel, which is 1.21 US dollars per litre.
A direct comparison of prices between different countries is challenging due to the constant fluctuation of fuel prices and the impact of various taxes and subsidies. However, here is a comparison of diesel prices in a few select countries as of November 2024:
Hong Kong
Hong Kong had one of the highest diesel prices in the world as of November 11, 2024, with drivers paying an average of 3.18 US dollars per litre. This price is more than three times higher than that of Mainland China.
Venezuela, Iran, and the United States
These countries tend to have lower diesel prices due to substantial domestic crude oil production and government subsidies. In Venezuela, diesel prices were even lower than 0.01 US dollars per litre.
United States
The United States, despite being an economically advanced country, has relatively low gas prices.
It is worth noting that Haiti's diesel prices are quoted in Haitian Gourde, which may make direct comparisons with prices quoted in US dollars or other currencies more challenging due to fluctuations in exchange rates.
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Price in USD per litre
The price of diesel fuel in Haiti was reported as 0.62 USD per litre in 2016, a decrease from 0.94 USD in 2014. The median price from December 1998 to 2016 was 0.61 USD. The price of diesel fuel in Haiti reached an all-time high of 1.03 USD in 2012 and a record low of 0.30 USD in 2002.
The price of diesel fuel in Haiti is reported in Haitian Gourde as 163.79 per litre. However, it is challenging to determine the exact price in USD per litre due to fluctuating exchange rates. As of May 19, 2025, the exchange rate for the Haitian Gourde to USD was approximately 115.50 Haitian Gourde to 1 USD.
The price of diesel fuel can vary over time due to various factors, including supply and demand, global economic conditions, and local market regulations. Haiti's fuel market is regulated, which means that prices do not change as frequently as in other countries. The cost of diesel fuel in Haiti is also influenced by the country's reliance on imported petroleum products and the fluctuations in the global price of crude oil.
The diesel fuel prices in Haiti are relatively lower compared to the global average. As of 2016, the world average diesel price was 0.87 USD per litre, while Haiti's average from 1998 to 2016 was 0.64 USD. This discrepancy could be attributed to various factors, including Haiti's economic situation, local taxation policies, and the availability of alternative energy sources.
It is worth noting that diesel fuel prices in Haiti may differ depending on the region and the specific supplier. Local taxes, distribution costs, and demand variations can impact the price at the pump. Additionally, the availability of alternative fuels, such as liquefied petroleum gas or renewable energy sources, can also influence diesel fuel prices in different parts of the country.
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Price change over time
The price of diesel fuel in Haiti has fluctuated over the years, with data from 1998 to 2016 showing an average of $0.64 per litre in US dollars. The cost of diesel fuel reached an all-time high in 2012 when it peaked at $1.03 per litre. This was a significant increase from the previous year's rate of $0.94 per litre.
However, in 2016, the price of diesel fuel in Haiti decreased to $0.62 per litre, which was a notable decline from the 2014 price. This price is lower than the world average for diesel fuel during the same period, which stood at $0.87 per litre across 160 countries.
Looking at the data, we can observe that the cost of diesel fuel in Haiti has not followed a consistent upward or downward trend. For instance, after the peak in 2012, prices dropped to $0.62 per litre in 2016, only to increase again slightly to $0.63 in 2017.
As of May 19, 2025, the price of diesel fuel in Haiti was recorded at 163.79 Haitian Gourde per litre, which is higher than the global average of 154.17 Haitian Gourde per litre during the same period. It's worth noting that the prices in Haiti are updated monthly due to its regulated fuel market, which means prices don't fluctuate as frequently as in other countries.
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Factors influencing fuel prices
As of May 19, 2025, the price of diesel fuel in Haiti was 163.79 Haitian Gourde per litre, compared to the global average of 154.17 Haitian Gourde. Several factors influence fuel prices in Haiti, and understanding these dynamics is crucial in comprehending the broader energy landscape in the country.
One significant factor influencing fuel prices in Haiti is the country's reliance on fuel imports. Haiti is heavily dependent on imported fuel to meet its energy demands. The cost of importing fuel can be affected by various factors, including the global price of crude oil, exchange rates, and transportation costs. Fluctuations in the international market can have a direct impact on the price of fuel in Haiti, as the country is a net importer.
The strength of the Haitian gourde, the country's currency, is another critical factor. The value of the gourde against major international currencies, particularly the US dollar, can influence the price of imported goods, including fuel. A weaker gourde can make imports more expensive, leading to higher fuel prices for consumers. Additionally, Haiti's fuel market is regulated, with the government fixing pump prices. This intervention can lead to a disconnect between local and international market prices, impacting the availability and affordability of fuel.
The presence of fuel subsidies and their subsequent removal can also significantly influence fuel prices in Haiti. In September 2022, the Haitian government removed three essential fuel subsidies, resulting in a 74.3% increase in retail fuel prices. This decision was made to address budgetary issues and fuel shortages, but it also contributed to social unrest and protests. The government's response to market price pressures and its willingness to intervene through subsidies or price adjustments can have a direct impact on fuel prices and broader social implications.
Lastly, Haiti's broader market challenges and infrastructure issues play a role in fuel pricing. Armed gangs frequently disrupt business transportation routes, leading to revenue losses and increased overhead costs for companies. The slow and inconsistent customs clearance processes can delay the availability of imported products, including fuel. Poor infrastructure, including challenges with port entry and a lack of reliable electricity and water, further compound the issues, impacting the distribution and pricing of fuel across the country.
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Frequently asked questions
As of 19 May 2025, the price of diesel fuel in Haiti is 163.79 Haitian Gourde per litre. This is equivalent to around US$1.49.
The price of diesel fuel in Haiti is slightly higher than the global average. As of the same date, the global average price of diesel was 154.17 Haitian Gourde per litre or US$1.40.
In 2016, the price of diesel fuel per litre in Haiti was US$0.62, which was a decline from US$0.94 in 2014.
The highest price of diesel fuel per litre in Haiti between 1998 and 2016 was US$1.03, which was recorded in 2012.
