Peru gasoline prices surge 40.6% YoY as oil tops $105 on Middle East tensions

Peru's national average gasoline price hit S/5.78 per liter in October, a 40.6% year-on-year increase, with retail disparities of up to S/4.51 per gallon in Lima. The rise is driven by global oil prices exceeding $105 per barrel amid Middle East tensions, which continue to pressure energy markets. The development signals sustained inflationary pressure on Peruvian consumers and underscores the region's exposure to energy price shocks.