The current gasoline price in Switzerland is CHF 1.80 per liter or USD 2.06 per liter and was updated on 11-Mar-2024. For comparison, the average price of gasoline in the world is USD 1.24 per liter.
Switzerland
Gasoline prices
Current price
2.06
Measure
USD/Liter
Last update
2024-03-11
Data availability from
2014-03-31
Data frequency
Weekly
We show Octane-95 gasoline price data for Switzerland from 2014-03-31 to 2024-03-11. The average gasoline price during that period is CHF 1.59 per liter with a minimum of CHF 1.28 on 2016-02-29 and a maximum ofCHF 2.22 on 2022-06-27. Our data are obtained from official government sources, regulatory agencies, petroleum companies, and major media sources. We update the series for Switzerland every week.
Unleaded gas is still less expensive in Switzerland than in France. Diesel is less expensive in France than in Switzerland (no tax advantages for diesel vs regular gas in Switzerland).
World politics affects the price of gasoline. In addition to the war in Ukraine, which has been going on for more than two years, the conflict between Israel and Gaza, which began in October 2023, has exacerbated the petrol situation.
Switzerland ranks above other expensive countries such as Luxembourg and Hong Kong by being the second most expensive country in the world, according to Numbeo. With a gallon of milk costing about $6.50 in Geneva and gas reaching almost $5 a gallon, there is no hiding from high prices.
Since 2022, inflation and rising prices have put a strain on many people in Switzerland and are prompting changes in consumer behaviour that are likely to continue. This is apparent from a consumer survey commissioned by Deloitte.
Venezuela is the world's cheapest country to buy petrol, where amazingly it costs just 2 pence (GBP) a litre. This is because it's home to some of the biggest oil reserves in the world. But it's also a country where income is very low too.
The robust economy and highly skilled labor force of the nation support competitive salaries, which raise the general cost of living. Strong Currency: It is widely acknowledged that the Swiss Franc (CHF) is a strong and stable currency.
A lot of food in Swiss supermarkets comes from Switzerland (the Swiss are nationalistic about this). Labour is very expensive in Switzerland. Given that farming is labour intensive, food is expensive. Expensive labour is also the reason why restaurants are very expensive.
Why such high salaries in Switzerland and Iceland? Switzerland's high salaries are mainly driven by its banking and financial services sector. It also has much lower taxes compared to the rest of the EU and EEA, averaging around 20% to 35% for the 150,000 to 250,000 Swisss Francs bracket.
Petroleum prices are determined by market forces of supply and demand, not individual companies, and the price of crude oil is the primary determinant of the price we pay at the pump.
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