Fuel prices are subject to change based on a variety of economic factors. Here's a look at some recent updates in different regions:
United States:
As of January 12, 2026, the U.S. average regular gasoline price was $2.779 per gallon. This is a decrease of $0.017 from the previous week and $0.264 lower than a year ago. The West Coast continues to have the highest prices, averaging $3.649 per gallon, while the Gulf Coast has the lowest at $2.375 per gallon. Prices vary significantly by state. For example, California's average is $3.978 per gallon, while Colorado's is $2.257 per gallon. City-level data shows Boston at $2.833, Chicago at $2.921, and Denver at $2.249. These figures come from the U.S. Energy Information Administration (EIA), which releases updated information weekly.
United Arab Emirates:
The UAE Fuel Price Committee has announced petrol prices for January 2026, which went into effect on January 1, 2026. Super 98 petrol costs AED 2.53 per liter, Special 95 petrol is AED 2.42 per liter, E-Plus 91 petrol is AED 2.34 per liter, and diesel is AED 2.55 per liter. These prices reflect a decrease compared to December 2025 rates. The fluctuation in petrol prices in the UAE is influenced by the global crude oil market, exchange rates, and government policies regarding subsidies.
Malawi:
In Malawi, a sharp increase in fuel prices has been announced, causing public concern. Petrol prices have risen from $2.02 to $2.86 per liter, a 41.6% increase, while diesel prices climbed from $2.02 to $2.85 per liter, up by 41.1%. The Malawi Energy Regulatory Authority (MERA) attributed the adjustments to the reintroduction of the Automatic Pricing Mechanism, which had been suspended for three years. This decision has faced criticism, with concerns raised about the impact on the cost of basic goods and services. Economist Velli Nyirongo suggests the increase is a market correction but warns of potential economic fragility if not accompanied by structural reforms.
Nigeria:
Nigeria is seeing efforts by domestic refiners to cut petrol imports. The Dangote refinery, a 650,000-barrels-per-day facility, has been ramping up production and distribution. Dangote has been working to keep petrol prices below N740 nationwide. In December, the refinery reduced gantry prices to ensure affordability and discourage importation, stating they were even willing to incur losses to achieve this. Despite increased domestic production, Nigeria still relies on imports for a significant portion of its petrol consumption.
