7 countries with CHEAPEST petrol rates in world
Petrol
Gasoline prices play a crucial role in global economies, and there are significant differences in prices across different nations. Wealthier countries generally have higher gasoline prices while less affluent nations, particularly those that are leading in oil production. Here are top 7 countries with lowest petrol prices rates.
Credit:
Pinterest
Iran (0.029 USD per litre)
Iran has massive oil reserves and heavily subsidizes gasoline for its citizens.
Credit:
X
Libya (0.031 USD per litre)
Libya is another oil-rich country with very low petrol prices.
Credit:
X
Venezuela (0.035 USD per litre)
Venezuela has the worlds largest proven oil reserves, but the countrys economic crisis significantly affects its ability to refine and distribute gasoline.
Credit:
X
Algeria (0.342 USD per litre)
Algeria is a major oil and gas producer in North Africa.
Credit:
X
Kuwait (0.342 USD per litre)
Kuwait is a small, oil-rich country on the Persian Gulf.
Credit:
X
Angola (0.362 USD per litre)
Angola is a major oil producer in Sub-Saharan Africa.
Credit:
X
Egypt (0.403 USD per litre)
Egypt is a North African country with a long history of oil production.
Credit:
X
View More Web Stories