Gasoline Price Trends and Disparities Across Latin America

Gasoline prices across Latin America have seen significant divergence and volatility as of April 2026, driven by a surge in global crude oil prices. Brent crude has reached $110 per barrel, creating a sharp increase in costs for consumers in several regional markets while others maintain heavily subsidized pricing structures.

According to data from Global Petrol Prices as of April 6, 2026, Venezuela maintains the lowest gasoline price in Latin America at $0.035 per liter, despite the broader global increase in oil prices.

Regional Pricing Disparities

The pricing gap between countries in the region has become stark, with some reports indicating discrepancies of up to 60 times the price per liter between the cheapest and most expensive markets.

At the higher end of the spectrum, Uruguay recorded the highest price in the region at $2.025 per liter on April 6, 2026. Other countries with high costs include Barbados at $1.852 per liter and Belize at $1.649 per liter.

Mid-range pricing is observed in several other nations. Mexico’s price stood at $1.532 per liter, while Peru was recorded at $1.520 per liter. Brazil’s price was $1.314 per liter, and Colombia’s price was $1.112 per liter, according to the same April 6 data.

Impact of Global Oil Surges

The current price environment is heavily influenced by the rise of Brent crude to $110. This surge has prompted various government responses across the region, specifically in Brazil, Chile, Argentina, Colombia, and Mexico, as they manage the impact of rising costs on their domestic consumers.

The volatility is further compounded by geopolitical tensions, with reports noting fuel price trends following the start of the Iran war.

In addition to Latin American markets, the global trend of rising costs is evident in other regions. In the United States, reports from March 2026 indicated that gas prices in California jumped 50 cents in eight days, reaching $5.20.

Comparative Market Data

The following prices per liter in U.S. Dollars were recorded on April 6, 2026:

• Venezuela: $0.035
• Ecuador: $0.763
• Guyana: $0.929
• Bolivia: $1.008
• Colombia: $1.112
• Paraguay: $1.117
• El Salvador: $1.135
• Trinidad & Tobago: $1.142
• Grenada: $1.236
• Panama: $1.255
• Suriname: $1.290
• Cuba: $1.295
• Honduras: $1.302
• Brazil: $1.314
• Dominican Republic: $1.327
• Nicaragua: $1.334
• Jamaica: $1.359
• Costa Rica: $1.365
• Guatemala: $1.436
• Haiti: $1.461
• Bahamas: $1.464
• Argentina: $1.520
• Dominica: $1.532
• Mexico: $1.583
• Peru: $1.627
• Chile: $1.649
• Barbados: $1.852
• Belize: $1.921
• Uruguay: $2.025

The extreme low in Venezuela contrasts sharply with the higher costs seen in the Caribbean and Southern Cone, reflecting a wide range of national fuel policies and subsidy levels across the Latin American and Caribbean (LAC) region.