Statistics and charts

Countries by Petrol Prices and GDP per capita

Source www.globalpetrolprices.com
Date10 Sep 2018

The biggest single component of retail gasoline prices is the cost of the crude oil used to produce the gasoline. Recently, that price has been $68-$70 a barrel. In the worldwide oil industry, an oil barrel is defined as 42 US gallons, which is about 159 litres. This calculates price of crude oil $0.43-$0.44 per litre. Taxes and subsidies, cost of refining and transporting, commission etc are included in retail price.

The average price of gasoline around the world is 1.16 U.S. Dollar per liter. As a general rule, richer countries have higher prices while poorer countries and the countries that produce and export oil have significantly lower prices. The differences in prices across countries are mainly due to the various taxes and subsidies for gasoline. All countries have access to the same petroleum prices of international markets but then decide to impose different taxes.

Out of 165 countries/regions listed, 57 have price below $1.00. 66 have between $1.00-$1.50, 39 have between $1.50-$2.00 and 3 have over 2 USD dollar. Prices are as per the date 10th Sep 2018.

Venezuela has cheapest price just $0.1 per liter followed by Iran ($0.29). Among top 10 cheapest, 4 countries are located in Africa continent, 3 in Asia, 2 are in South America and 1 in Europe. Hong Kong has costliest price of $2.19 followed by Norway and Iceland having petrol price over 2 dollar.

Qatar and USA are among top 10 richest economies but has low gasoline price below $1. Prices are high in European nations as only four countries has less than one dollar. Azerbaijan has cheapest rate in Europe. Other three having below $1 are Belarus, Russia and Georgia.

Countries by Petrol Prices map
RankCountry Petrol Prices ($)Per capita Income ($) per capita/petrol pricesContinent
RatioRank NameRank
1Venezuela0.016,684668,3961South America1
2Iran0.295,30519,64736Asia1
3Sudan0.341,4284,20098Africa1
4Kuwait0.3527,31978,0533Asia2
5Algeria0.354,29211,92353Africa2
6Ecuador0.396,09815,63744South America2
7Nigeria0.411,9944,86491Africa3
8Egypt0.432,5015,81685Africa4
9Turkmenistan0.436,64315,44845Asia3
10Azerbaijan0.474,1415,67287Europe1
11Kazakhstan0.478,84117,33540Asia4
12Bahrain0.5324,02945,3379Asia5
13Malaysia0.539,81318,17238Asia6
14Saudi Arabia0.5421,12039,11212Asia7
15Bolivia0.543,3536,21079South America3
16Uzbekistan0.551,4912,710111Asia8
17Angola0.564,4086,99676Africa5
18Burma0.561,2642,106116Asia9
19Qatar0.5860,804108,5792Asia10
20Oman0.5917,97330,98818Asia11
21Tr.&Tobago0.5915,76926,72723North America1
22Iraq0.635,0888,07670Asia12
23Belarus0.655,7608,34867Europe2
24Russia0.6510,60814,53247Europe3
25Kyrgyzstan0.661,1441,682123Asia13
26Indonesia0.673,8765,61788Asia14
27Ethiopia0.688731,284128Africa6
28UA Emirates0.6837,22655,5616Asia15
29Tunisia0.713,4964,85692Africa7
30Afghanistan0.74588774140Asia16
31Lesotho0.741,4251,697122Africa8
32Pakistan0.751,5411,976120Asia17
33Colombia0.766,2737,65074South America4
34Botswana0.767,8779,72561Africa9
35Puerto Rico0.8030,48837,18113North America2
36USA0.8359,50171,6884North America3
37Namibia0.835,4135,88484Africa10
38Haiti0.85784891133North America4
39Swaziland0.853,9154,036102Africa11
40Dominica0.877,9219,10564North America5
41Panama0.8815,08917,14741North America6
42Bhutan0.882,9033,122107Asia18
43Chad0.91810881135Africa12
44Liberia0.92729858136Africa13
45Sierra Leone0.92491473147Africa14
46Lebanon0.9211,40912,26852Asia19
47Suriname0.935,7466,17981South America5
48Benin0.93830883134Africa15
49Vietnam0.932,3542,531113Asia20
50Georgia0.944,0994,18299Europe4
51Nepal0.96834834138Asia21
52Argentina0.9614,46713,39548South America6
53Guatemala0.974,4724,56394North America7
54El Salvador0.974,4004,44495North America8
55Togo0.97611687141Africa16
56Sri Lanka0.994,0854,21197Asia22
57Taiwan0.9924,57724,57728Asia23
58Fiji1.025,7405,57389Oceania1
59Cambodia1.041,3901,349127Asia24
60South Africa1.046,1805,15090Africa17
61Tanzania1.041,034975132Africa18
62Philippines1.052,9762,918109Asia25
63Ghana1.061,6631,615124Africa19
64Burkina Faso1.06664620145Africa20
65Paraguay1.064,2603,944103South America7
66Bangladesh1.061,6021,511125Asia26
67Nicaragua1.062,2072,062118North America9
68Mexico1.079,3048,86166North America10
69Australia1.0755,70751,1087Oceania2
70Turkey1.0710,5128,21268Asia27
71Uganda1.08699642143Africa21
72Guyana1.084,7104,36196South America8
73Brazil1.099,8958,17869South America9
74Ivory Coast1.10---Africa22
75Peru1.106,7626,20480South America10
76Honduras1.102,7662,514114North America11
77China1.108,6437,78773Asia28
78Ukraine1.112,5832,370115Europe5
79Guinea1.11749681142Africa23
80Cameroon1.111,4011,251129Africa24
81Mauritania1.121,3181,166130Africa25
82Moldova1.132,2802,000119Europe6
83Saint Lucia1.14---North America13
84Canada1.1445,07739,19811North America12
85Kenya1.151,7021,493126Africa26
86Mozambique1.15429380150Africa27
87Thailand1.166,5915,88483Asia30
88India1.161,9831,709121Asia29
89Costa Rica1.1711,6859,81960North America14
90Gabon1.187,9726,69978Africa28
91Madagascar1.20448364151Africa29
92Morocco1.213,1512,583112Africa30
93DR Congo1.21478389149Africa31
94Aruba1.21---North America15
95Malawi1.22324265152Africa32
96Laos1.222,5422,067117Asia31
97Senegal1.231,038837137Africa33
98Cuba1.23---North America16
99Chile1.2415,07011,24755South America11
100Jamaica1.255,0484,038101North America17
101Rwanda1.26772608146Africa34
102Burundi1.27312248153Africa35
103Mali1.27811633144Africa36
104Domin. Rep.1.297,3755,76286North America18
105Bahamas1.3031,25523,85930North America19
106Cayman Isl.1.30---North America20
107Grenada1.3010,3607,90972North America21
108Bulgaria1.328,0646,06382Europe7
109Bosnia & Herz.1.325,1493,731106Europe8
110Japan1.3438,44028,68621Asia32
111Macedonia1.355,4744,055100Europe9
112Lithuania1.3616,73013,07050Europe10
113Cape Verde1.37---Africa37
114Poland1.3713,8239,94459Europe11
115Andorra1.40---Europe12
116Romania1.4310,7577,62975Europe13
117Mauritius1.449,7946,80177Africa38
118Hungary1.4515,53110,63857Europe14
119South Korea1.4529,89120,75835Asia33
120Zimbabwe1.471,176800139Africa39
121Luxembourg1.48105,80371,4895Europe15
122Zambia1.481,480986131Africa40
123Jordan1.495,6783,836105Asia34
124Serbia1.505,8993,881104Europe16
125Czech Rep.1.5120,15213,25849Europe17
126Latvia1.5115,54710,29658Europe18
127Austria1.5247,29031,52717Europe19
128C.A. Republic1.53---North America22
129Estonia1.5419,84012,80051Europe20
130Spain1.5428,35918,29637Europe21
131Cyprus1.5424,97616,21843Europe22
132Belize1.544,8063,121108North America23
133Slovenia1.5723,65415,06746Europe23
134Yemen1.58551393148Asia35
135Malta1.5827,25017,81139Europe24
136New Zealand1.5841,59326,15924Oceania3
137Montenegro1.607,6474,72093Europe25
138Singapore1.6357,71335,84715Asia36
139Croatia1.6413,1387,91571Europe26
140Albania1.644,5832,761110Europe27
141Slovakia1.6617,66410,90456Europe28
142Switzerland1.6980,59148,8438Europe29
143Ireland1.6970,63840,13510Europe30
144UK1.6939,73523,51231Europe31
145Belgium1.7043,58225,78825Europe32
146Uruguay1.7016,7229,34263South America12
147Liechtenstein1.72---Europe33
148Germany1.7344,55026,83722Europe34
149San Marino1.7647,40625,48726Europe35
150Sweden1.7853,21828,92320Europe36
151Finland1.8146,01725,28427Europe37
152Mayotte1.81---Africa41
153France1.8139,86922,02732Europe38
154Portugal1.8621,16111,37754Europe39
155Denmark1.8756,44429,24619Europe40
156Italy1.8931,98416,74642Europe41
157Monaco1.90---Europe42
158Israel1.9040,25821,99933Asia37
159Wallis and Futuna Islands1.90---Oceania4
160Greece1.9318,6379,60762Europe43
161Netherlands1.9548,34624,29429Europe44
162Barbados1.9517,8599,02065North America24
163Iceland2.0270,33232,56116Europe45
164Norway2.0474,94136,20314Europe46
165Hong Kong2.1946,10921,64734Asia38