Petrol prices crashed by a fifth in some APAC countries but India recorded 1% rise, claims survey

Petrol prices across most of the Asia-Pacific (APAC) countries witnessed a steep fall of up to 19 per cent during first half of the year 2020, while in India, it rose by 1 per cent on year, a survey by global discount site Picodi.com showed.

As per the company’s Petrol Index report, petrol prices in the first half of 2020 were lower than 2019 in 11 out of 16 considered APAC countries, with the largest drop being noted in Malaysia (−19 per cent). It was followed by Vietnam (−18.4 per cent) and Thailand (−17.7 per cent).

China, the word’s second largest and the biggest economy in the APAC region, witnessed a 12.1 per cent year-on-year fall in petrol prices, while in Japan petrol slipped 5.5 per cent from a year ago, the data from the report showed.