Gasoline prices rise nearly 10 cents per liter in Aruba starting today, following global increases in crude oil prices linked to escalating geopolitical tensions in the Middle East.
According to authorities, the rise in fuel prices comes as international oil markets respond to the growing conflict involving the United States, Israel, and Iran, which has pushed the price of crude oil sharply upward.
The price of West Texas Intermediate (WTI) crude oil recently surpassed $100 per barrel, opening the week at approximately $104.61 per barrel, representing an increase of around 36 percent compared to previous weeks. Although the price later dropped slightly, closing at about $94 per barrel, it remains significantly higher than earlier levels.
As a result of the global oil market surge, gasoline prices rise nearly 10 cents per liter in Aruba, reflecting the island’s dependence on imported fuel.
New Fuel Prices in Aruba
The Minister of Finance, Economic Affairs, and Primary Sector announced the updated fuel prices, which came into effect on March 11, 2026.
The new prices are as follows:
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Unleaded Premium gasoline: increased by 9.8 cents, now 223.4 cents per liter
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Ultra Low Sulphur Diesel (ULS): increased by 8.5 cents, now 201.4 cents per liter
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Kerosene: increased by 10.7 cents, now 192.3 cents per liter
All prices include the applicable BBO, BAZV, and BAVP taxes.
Global Impact on Fuel Prices
The increase in Aruba follows a pattern seen in other regions where fuel prices have also been affected by the surge in crude oil costs.
In Europe, the United States, and several Caribbean countries, gasoline prices have also increased due to the same market pressures.
However, some countries have implemented measures to soften the impact on consumers.
For example, the Dominican Republic has maintained fuel subsidies since 2022. As long as crude oil prices remain between $85 and $115 per barrel, the government continues to support fuel costs so drivers pay stable prices.
Similarly, in Jamaica, the state-owned company Petrojam announced that the recent crude oil increase will have limited impact on local drivers. The country’s pricing framework allows refineries to absorb part of the price fluctuation and reduce the effect on consumers.
Aruba Faces Higher Costs Without Refinery
Unlike some countries, Aruba does not currently operate a refinery, meaning that fuel such as gasoline, diesel, and kerosene must be imported. This increases the cost of transportation and makes the island more vulnerable to global oil price changes.
Because of this reliance on imported fuel, international market fluctuations often translate directly into local price adjustments.
Although the increase is significant, some observers noted that the rise could have been even higher, with some expecting gasoline prices to increase by 18 cents or more.
For now, the nearly 10-cent increase per liter is considered manageable, though motorists may need to drive more efficiently to reduce fuel expenses in the coming weeks.
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