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Crude oil prices

Trade IndicatorsMonthlyUS dollars

Latest
US$84.4
Aug 2026
On a year earlier
+26.5%
same period last year
Trend growth, 10 years
5% a year
least-squares fit, R² 0.27

The whole record

Loading chart…

Source: World Bank, via the Maldives Monetary Authority statistics database.

What the numbers say

Short term

The latest readings
  • The latest figure is US$84.4 for Aug 2026, up 5.8% from Jul 2026 and up 26.5% on the same month a year earlier.
  • The change on a year earlier averaged +20.0% over the last three months, against +51.0% in the three months before: the year-on-year pace has eased.

Long term

The record as a whole
  • Trend growth over the past 10 years is 5% a year (least-squares fit on the logarithm; R² 0.27, a loose fit: the series has not followed a steady path, and this rate says little).
  • Measured end to end, compound growth is 4.2% a year over five years and 6.5% a year over ten.
  • The record high was US$132.83 in Jul 2008; the latest is 36.5% below it.
  • Year-on-year growth has typically varied by about 34.1 percentage points (one standard deviation) over the past five years.

How to read this series

Commodity prices. The world price of crude oil in US dollars a barrel. Fuel is imported, so this feeds into the import bill, electricity and transport costs.

  • Recent periods are often revised as fuller data arrive. The version comparison below shows what MMA has changed since this site began keeping copies.

Terms such as percentage points, flows and stocks, and trend growth are explained in How to read the tracker.

Revisions

This site holds one version of this series so far, first stored on 6 Oct 2026. Each time MMA adds a period or revises a past figure, a new version is kept alongside the old one and the two are charted against each other here.

Stored versions of Crude oil prices
VersionStoredMMA updatedCoversAddedRevisedRemoved
1 (current)6 Oct 202628 Sep 2026Jan 1980 – Aug 2026———

Sorted by Version, descending.

All figures

Every period on record, newest first. Sort by any column, filter, copy the table or download it as CSV.

Every observation of Crude oil prices
Aug 2026US$84.4+26.5%
Jul 2026US$79.8+15.3%
Jun 2026US$81.7+18.2%
May 2026US$100.4+60.0%
Apr 2026US$103.9+57.7%
Mar 2026US$95.6+35.2%
Feb 2026US$68−7.9%
Jan 2026US$63.7−18.5%
Dec 2025US$60.88−15.8%
Nov 2025US$62.34−13.8%
Oct 2025US$63.04−14.8%
Sep 2025US$66.46−8.2%
Aug 2025US$66.72−14.6%
Jul 2025US$69.19−16.9%
Jun 2025US$69.15−14.8%
May 2025US$62.75−23.0%
Apr 2025US$65.91−25.1%
Mar 2025US$70.7−15.4%
Feb 2025US$73.82−8.4%
Jan 2025US$78.16+0.6%
Dec 2024US$72.31−4.5%
Nov 2024US$72.29−11.1%
Oct 2024US$73.97−17.0%
Sep 2024US$72.42−21.5%
Aug 2024US$78.12−7.8%
Jul 2024US$83.26+5.4%
Jun 2024US$81.21+10.8%
May 2024US$81.45+9.9%
Apr 2024US$88.01+6.7%
Mar 2024US$83.55+9.2%

Sorted by Period, descending.

About this series

Source
World Bank
Published by
MMA Statistics Database, series 3787
MMA table
External Sector › Trade Indicators
Coverage
Jan 1980 to Aug 2026 · 560 observations
MMA updated
28 Sep 2026
Last checked
22 Oct 2026

The analysis is calculated by Good Morning Maldives from the published figures; it describes the data and is not a forecast.