Statistics and charts

Countries by Petrol Prices and GDP per capita

Source www.globalpetrolprices.com
Date03 Aug 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 1.17 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, 53 have price below $1.00. 72 have between $1.00-$1.50, 37 have between $1.50-$2.00 and 3 have over 2 USD dollar. Prices are as per the date 30th July 2018.

Venezuela has cheapest price just $0.1 per liter followed by Iran ($0.27). Among top 10 cheapest, 4 each countries are located in Asia and Africa continent and 2 are in South America. Iceland has costliest price of $2.16 followed by Hong Kong and Norway 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. Belarus has cheapest rate in Europe. Other three having below $1 are Azerbaijan, Russia and Georgia.

RankCountry Petrol Prices ($)Per capita Income ($) per capita/petrol pricesContinent
RatioRank NameRank
1Venezuela0.016,684668,3961South America1
2Iran0.275,30519,64736Asia1
3Sudan0.341,4284,20098Africa1
4Kuwait0.3527,31978,0533Asia2
5Algeria0.364,29211,92353Africa2
6Ecuador0.396,09815,63744South America2
7Nigeria0.411,9944,86491Africa3
8Egypt0.432,5015,81685Africa4
9Turkmenistan0.436,64315,44845Asia3
10Kazakhstan0.518,84117,33540Asia4
11Bahrain0.5324,02945,3379Asia5
12Saudi Arabia0.5421,12039,11212Asia6
13Malaysia0.549,81318,17238Asia7
14Bolivia0.543,3536,21079South America3
15Uzbekistan0.551,4912,710111Asia8
16Qatar0.5660,804108,5792Asia9
17Oman0.5817,97330,98818Asia10
18Tr.&Tobago0.5915,76926,72723North America1
19Burma0.601,2642,106116Asia11
20Iraq0.635,0888,07670Asia12
21Angola0.634,4086,99676Africa5
22UA Emirates0.6737,22655,5616Asia13
23Kyrgyzstan0.681,1441,682123Asia14
24Ethiopia0.688731,284128Africa6
25Indonesia0.693,8765,61788Asia15
26Belarus0.695,7608,34867Europe1
27Tunisia0.723,4964,85692Africa7
28Azerbaijan0.734,1415,67287Europe2
29Russia0.7310,60814,53247Europe3
30Afghanistan0.76588774140Asia16
31Pakistan0.781,5411,976120Asia17
32Botswana0.817,8779,72561Africa8
33Colombia0.826,2737,65074South America4
34Puerto Rico0.8230,48837,18113North America2
35USA0.8359,50171,6884North America3
36Lesotho0.841,4251,697122Africa9
37Liberia0.85729858136Africa10
38Dominica0.877,9219,10564North America4
39Haiti0.88784891133North America5
40Panama0.8815,08917,14741North America6
41Togo0.89611687141Africa11
42Namibia0.925,4135,88484Africa12
43Chad0.92810881135Africa13
44Vietnam0.932,3542,531113Asia20
45Lebanon0.9311,40912,26852Asia19
46Suriname0.935,7466,17981South America5
47Bhutan0.932,9033,122107Asia18
48Benin0.94830883134Africa14
49Sri Lanka0.974,0854,21197Asia21
50Swaziland0.973,9154,036102Africa15
51Georgia0.984,0994,18299Europe4
52Guatemala0.984,4724,56394North America7
53El Salvador0.994,4004,44495North America8
54Nepal1.00834834138Asia22
55Taiwan1.0024,57724,57728Asia23
56Philippines1.022,9762,918109Asia24
57Fiji1.035,7405,57389Oceania1
58Ghana1.031,6631,615124Africa16
59Cambodia1.031,3901,349127Asia25
60Sierra Leone1.04491473147Africa17
61Mexico1.059,3048,86166North America9
62Bangladesh1.061,6021,511125Asia26
63Tanzania1.061,034975132Africa18
64Burkina Faso1.07664620145Africa19
65Nicaragua1.072,2072,062118North America10
66Paraguay1.084,2603,944103South America6
67Guyana1.084,7104,36196South America7
68Argentina1.0814,46713,39548South America8
69Ivory Coast1.09---Africa21
70Uganda1.09699642143Africa20
71Peru1.096,7626,20480South America9
72Australia1.0955,70751,1087Oceania2
73Ukraine1.092,5832,370115Europe5
74Guinea1.10749681142Africa22
75Honduras1.102,7662,514114North America11
76China1.118,6437,78773Asia27
77Cameroon1.121,4011,251129Africa23
78Thailand1.126,5915,88483Asia28
79Mauritania1.131,3181,166130Africa24
80Mozambique1.13429380150Africa25
81Saint Lucia1.14---North America12
82Moldova1.142,2802,000119Europe6
83Kenya1.141,7021,493126Africa26
84Canada1.1545,07739,19811North America13
85India1.161,9831,709121Asia29
86Costa Rica1.1911,6859,81960North America14
87Aruba1.19---North America15
88Gabon1.197,9726,69978Africa27
89South Africa1.206,1805,15090Africa28
90Brazil1.219,8958,17869South America10
91Morocco1.223,1512,583112Africa29
92Malawi1.22324265152Africa30
93Laos1.232,5422,067117Asia30
94Madagascar1.23448364151Africa31
95DR Congo1.23478389149Africa32
96Senegal1.241,038837137Africa33
97Cuba1.24---North America16
98Jamaica1.255,0484,038101North America17
99Burundi1.26312248153Africa34
100Rwanda1.27772608146Africa35
101Lithuania1.2816,73013,07050Europe7
102Mali1.28811633144Africa36
103Domin. Rep.1.287,3755,76286North America18
104Turkey1.2810,5128,21268Asia31
105Cayman Isl.1.30---North America19
106Grenada1.3110,3607,90972North America20
107Bahamas1.3131,25523,85930North America21
108Bulgaria1.338,0646,06382Europe8
109Chile1.3415,07011,24755South America11
110Japan1.3438,44028,68621Asia32
111Macedonia1.355,4744,055100Europe9
112Bosnia & Herz.1.385,1493,731106Europe10
113Cape Verde1.38---Africa37
114Poland1.3913,8239,94459Europe11
115Yemen1.40551393148Asia33
116Andorra1.40---Europe12
117Romania1.4110,7577,62975Europe13
118Mauritius1.449,7946,80177Africa38
119South Korea1.4429,89120,75835Asia34
120Hungary1.4615,53110,63857Europe14
121Zimbabwe1.471,176800139Africa39
122Jordan1.485,6783,836105Asia35
123Luxembourg1.48105,80371,4895Europe15
124Austria1.5047,29031,52717Europe16
125Zambia1.501,480986131Africa40
126Latvia1.5115,54710,29658Europe17
127Serbia1.525,8993,881104Europe18
128Czech Rep.1.5220,15213,25849Europe19
129Malta1.5327,25017,81139Europe20
130Belize1.544,8063,121108North America22
131C.A. Republic1.54---North America23
132Cyprus1.5424,97616,21843Europe21
133Spain1.5528,35918,29637Europe22
134Estonia1.5519,84012,80051Europe23
135Slovenia1.5723,65415,06746Europe24
136New Zealand1.5941,59326,15924Oceania3
137Singapore1.6157,71335,84715Asia36
138Slovakia1.6217,66410,90456Europe25
139Montenegro1.627,6474,72093Europe26
140Switzerland1.6580,59148,8438Europe27
141Albania1.664,5832,761110Europe28
142Croatia1.6613,1387,91571Europe29
143Germany1.6644,55026,83722Europe30
144Belgium1.6943,58225,78825Europe31
145UK1.6939,73523,51231Europe32
146Liechtenstein1.71---Europe33
147Ireland1.7670,63840,13510Europe34
148Uruguay1.7916,7229,34263South America12
149France1.8139,86922,02732Europe35
150Finland1.8246,01725,28427Europe36
151Mayotte1.82---Africa41
152Wallis and Futuna Islands1.82---Oceania4
153Israel1.8340,25821,99933Asia37
154Sweden1.8453,21828,92320Europe37
155Portugal1.8621,16111,37754Europe38
156San Marino1.8647,40625,48726Europe39
157Italy1.9131,98416,74642Europe40
158Denmark1.9356,44429,24619Europe41
159Monaco1.93---Europe42
160Greece1.9418,6379,60762Europe43
161Barbados1.9817,8599,02065North America24
162Netherlands1.9948,34624,29429Europe44
163Norway2.0774,94136,20314Europe45
164Hong Kong2.1346,10921,64734Asia38
165Iceland2.1670,33232,56116Europe46