10 countries with cheapest petrol prices

[A.Rafay]

10. Algeria

Petrol price: $0.32/ltr
Algeria has proven oil reserves of 12.2 billion barrels of oil. The country gets more than 97 per cent of its export revenue from the oil sector. Algeria is one of the Africa's biggest oil producers, turning out an average of 1.2m barrels a day.

9.Oman

Petrol price: $0.32/ltr
Oman has proven oil reserves to the tune of 5.5 billion barrels of oil.

8.Egypt

Petrol price: $0.30/ltr
The petroleum industry plays a key role in the Egyptian economy. With 18.3 billion barrels of oil, Egypt has achieved its highest-ever proven oil reserves during the 2009-2010.

7.Qatar

Petrol price: $0.24/ltr
It has proven oil reserves of 15 billion barrels. Prior to the discovery of oil in Qatar, the small Arab emirates' economy was mainly built on fishing and pearl hunting. Now the country's national petroleum supplier accounts for 70pc of the government's revenue.

6.Kuwait

Petrol price: $0.22/ltr
Kuwait is the 10th largest oil producer in the world and its supply is thought to account for 10pc of global reserves. Nevertheless, the government subsidises both public transport and petrol.

5.Bahrain

Petrol price: $0.21/ltr
Compared with its Middle-Eastern neighbours, Bahrain has fairly limited oil supplies. However, 60pc of the country's economy is still rooted in petroleum refining, which has grown strongly over the past 10 years.

4.Turkmenistan

Petrol price: $0.19/ltr
Turkmenistan has the world's fourth largest reserves of natural gas within a singular national boundary. Every driver in the Turkic state is entitled to 120 litres of free petrol every month. If they exceed this, the pump price is only $0.19 a litre.

3.Libya

Petrol price: $0.14/ltr
Oil reserves in Libya are the largest in Africa and the eighth largest in the world with 46.4 billion barrels. When pumping at full capacity, Libya is the world's ninth largest oil producer.

 

[A.Rafay]

2.Saudi Arabia

Petrol price: $0.13/ltr
Saudi Arabia has the world's second largest oil reserves estimated to be 267 billion barrels. It is the largest exporter of petroleum in the world.

1.Venezuela

Petrol price: $0.03 a litre
Venezuela which has the cheapest rate for petrol, has the world's largest proven oil reserves. It beat Saudi Arabia's for the first time according to the Organization of Petroleum Exporting Countries. Some analysts place the overall cost to Venezuela's economy of maintaining such low petrol prices (through subsidies and loss of taxation) at around £13bn. That's more than double its education and health budgets.

 

[AUz]

Holy mother of god!

ALL Muslim nations except one? lmao

 

[American Pakistani]

How much for Pakistan?

 

[A.Rafay]

Holy mother of god!

ALL Muslim nations except one? lmao

After Algeria 11th is UAE at $0.498/litre And then 12th is Iran At $0.57/litre

How much for Pakistan?

$1.047 per Litre that is 101.42 rupees Pakistani.

 

[indushek]

When it says cheapest oil price does it mean per litre/gallon whatever the consideration there is and this definitely would be within the country? if so except Venezuela data other ones don't show the subsidies involved do they? also most of the oil producing nations aren't into refineries, so what happens on that front and the costs involved is another angle.

 

[blackops]

god damn blood sucking indian govt makes us pay 72 rs a litter

 

[indushek]

god damn blood sucking indian govt makes us pay 72 rs a litter

Well it is said that this price is also subsidized, don't how much unsubsidized would be ??

 

[Icewolf]

Most of these countries are deserts, portray them as such. Qatar is a gem, few areas of green rest is all desert wasteland

 

[aakash_2410]

Bloody hell! That's nothing!

Here in the UK we pay £1.35($2.2) per litre! Such a rip off!

 

[A.Rafay]

Most Expensive Gas in the World:

Asmara, Eritrea
Cost per gallon of regular gas: $9.58
Cost per gallon of premium gas: (Unavailable)

2nd Most Expensive: Oslo, Norway
Cost per gallon of regular gas: $9.33
Cost per gallon of premium gas: $9.69

3rd Most Expensive: Rome
Cost per gallon of regular gas: $8.51
Cost per gallon of premium gas: $8.71

4th Most Expensive: Copenhagen, Denmark
Cost per gallon of regular gas: $8.48
Cost per gallon of premium gas: $8.77

5th Most Expensive: Monte Carlo, Monaco
Cost per gallon of regular gas: $8.46
Cost per gallon of premium gas: $8.55

6th Most Expensive: London
Cost per gallon of regular gas: $8.12
Cost per gallon of premium gas: $8.35

7th Most Expensive: Paris
Cost per gallon of regular gas: $8.06
Cost per gallon of premium gas: $8.56

8th Most Expensive: Hong Kong
Cost per gallon of regular gas: $7.85
Cost per gallon of premium gas: $8.30

9th Most Expensive: Berlin
Cost per gallon of regular gas: $7.76
Cost per gallon of premium gas: $8.34

10th Most Expensive: Tokyo
Cost per gallon of regular gas: $6.59
Cost per gallon of premium gas: $7.15

10 Places Where a Gallon of Gas Is More Expensive Than in the U.S. - Yahoo! Finance

^^^ From yahoo news! Not my own analysis.

 

[aakash_2410]

Most Expensive Gas in the World:

6th Most Expensive: London
Cost per gallon of regular gas: $8.12
Cost per gallon of premium gas: $8.35

10 Places Where a Gallon of Gas Is More Expensive Than in the U.S. - Yahoo! Finance

^^^ From yahoo news! Not my own analysis.

But these are prices per gallon (4.5 litres) So per litre it would be about 1.6-7 which is right for London.

 

[khanboy007]

so if I live in either of these countries

Algeria
Oman
Egypt
Qatar
Kuwait
Bahrain
Turkmenistan
Libya
Saudi Arabia
Venezuela

i can bathe with Petrol instead of water coz its dirt cheap compared to a bottle of water

 

[Surenas]

Where is Iran?

 

[Syrian Lion]

All of these country have a lot of oil... however they still have not manage to become a "superpower"... i wonder why??
Hint: west controls them,,, but for one nation which is on the top of the list Venezuela