Statistics and charts

Countries by Petrol Prices and GDP per capita

Source www.globalpetrolprices.com
Date10 Oct 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 $74-$75 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 $0.46-$0.47 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 164 countries/regions listed, 54 have price below 1 USD dollar. 69 have between $1.00-$1.50, 39 have between $1.50-$2.00 and two have over $2. Prices are as per the date 8th Oct 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 $2.21 followed by 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. Azerbaijan has cheapest rate in Europe. Other three having below $1 are Belarus, Russia and Georgia. 67.39% European countries has price above $1.5. This figure is 12.5% in South America, 10.53% in Asia, 8.33% in North America and 5% in Africa.

Countries by Petrol Prices map
RankCountry Petrol Prices ($)Per capita Income ($) per capita/petrol pricesContinent
RatioRank NameRank
1Venezuela0.016,684668,3961South America1
2Iran0.295,30518,29239Asia1
3Sudan0.341,4284,200100Africa1
4Kuwait0.3527,31978,0533Asia2
5Algeria0.354,29212,26452Africa2
6Ecuador0.396,09815,63744South America2
7Nigeria0.401,9944,98692Africa3
8Turkmenistan0.436,64315,44846Asia3
9Egypt0.432,5015,81685Africa4
10Azerbaijan0.474,1418,81067Europe1
11Kazakhstan0.488,84118,41937Asia4
12Uzbekistan0.521,4912,867109Asia5
13Angola0.534,4088,31670Africa5
14Malaysia0.539,81318,51536Asia6
15Bahrain0.5324,02945,3379Asia7
16Bolivia0.543,3536,21080South America3
17Saudi Arabia0.5421,12039,11212Asia8
18Qatar0.5860,804104,8352Asia9
19Tr.&Tobago0.5915,76926,72723North America1
20Oman0.6117,97329,46420Asia10
21Iraq0.635,0888,07671Asia11
22Kyrgyzstan0.671,1441,707123Asia12
23Belarus0.685,7608,47168Europe2
24Indonesia0.683,8765,70087Asia13
25UA Emirates0.6837,22654,7446Asia14
26Ethiopia0.688731,284128Africa6
27Russia0.6810,60815,60045Europe3
28Burma0.701,2641,806121Asia15
29Tunisia0.703,4964,99591Africa7
30Pakistan0.721,5412,140116Asia16
31Afghanistan0.75588784139Asia17
32Lesotho0.751,4251,900120Africa8
33Botswana0.767,87710,36459Africa9
34Colombia0.796,2737,94073South America4
35Haiti0.84784933131North America2
36USA0.8559,50170,0015North America3
37Puerto Rico0.8630,48835,45214North America4
38Dominica0.877,9219,10566North America5
39Swaziland0.873,9154,50095Africa10
40Namibia0.885,4136,15182Africa11
41Panama0.8815,08917,14741North America6
42Chad0.90810900132Africa12
43Liberia0.91729801137Africa13
44Bhutan0.932,9033,122107Asia18
45Suriname0.935,7466,17981South America5
46Lebanon0.9311,40912,26851Asia19
47Georgia0.944,0994,36096Europe4
48Sri Lanka0.944,0854,34598Asia20
49Sierra Leone0.95491517146Africa14
50Togo0.96611637143Africa15
51Nepal0.96834869133Asia21
52Guatemala0.964,4724,65894North America7
53Vietnam0.972,3542,426114Asia22
54Taiwan0.9924,57724,82529Asia23
55Benin1.00830830136Africa16
56El Salvador1.014,4004,35697North America8
57Fiji1.015,7405,68388Oceania1
58Argentina1.0414,46713,91048South America6
59Tanzania1.041,034994130Africa17
60Bangladesh1.051,6021,525125Asia24
61Burkina Faso1.05664632144Africa18
62Paraguay1.054,2604,057101South America7
63Cambodia1.081,3901,287127Asia25
64Uganda1.08699648142Africa19
65Ivory Coast1.08---Africa20
66Ghana1.091,6631,526124Africa21
67Guyana1.094,7104,32199South America8
68Peru1.106,7626,14783South America9
69Cameroon1.101,4011,273129Africa22
70Mexico1.109,3048,45869North America9
71Guinea1.10749681140Africa23
72Australia1.1155,70750,1877Oceania2
73Nicaragua1.112,2071,988119North America10
74Philippines1.122,9762,657111Asia26
75Honduras1.122,7662,470113North America11
76Moldova1.122,2802,035118Europe5
77China1.138,6437,64976Asia27
78Canada1.1445,07739,54211North America13
79India1.141,9831,739122Asia28
80Turkey1.1410,5129,22164Asia29
81Saint Lucia1.14---North America12
82South Africa1.156,1805,37490Africa24
83Mozambique1.15429373148Africa25
84Costa Rica1.1611,68510,07362North America14
85Gabon1.177,9726,81378Africa26
86Madagascar1.18448379147Africa27
87Ukraine1.182,5832,189115Europe6
88Thailand1.196,5915,53889Asia30
89Aruba1.20---North America15
90Morocco1.213,1512,604112Africa28
91Senegal1.211,038858134Africa29
92Laos1.222,5422,084117Asia31
93Burundi1.24312252152Africa30
94Mali1.25811649141Africa31
95Cuba1.25---North America16
96Rwanda1.25772617145Africa32
97Brazil1.269,8957,85375South America10
98Kenya1.261,7021,350126Africa33
99Domin. Rep.1.277,3755,80786North America17
100Malawi1.28324253151Africa34
101Bahamas1.2931,25524,22930North America18
102Chile1.3015,07011,59354South America11
103DR Congo1.30478368149Africa35
104Cayman Isl.1.30---North America19
105Grenada1.3010,3607,97072North America20
106Jamaica1.315,0483,853105North America21
107Bulgaria1.328,0646,10984Europe7
108Bosnia & Herz.1.335,1493,871104Europe8
109Japan1.3538,44028,47421Asia32
110Poland1.3613,82310,16460Europe9
111Cape Verde1.37---Africa36
112Lithuania1.3716,73012,21253Europe10
113Macedonia1.375,4743,996102Europe11
114Andorra1.41---Europe12
115Romania1.4210,7577,57577Europe13
116Mauritius1.449,7946,80179Africa37
117Hungary1.4515,53110,71157Europe14
118Zimbabwe1.471,176800138Africa38
119South Korea1.4829,89120,19735Asia33
120Luxembourg1.48105,80371,4894Europe15
121Jordan1.495,6783,810106Asia34
122Latvia1.5015,54710,36558Europe16
123Czech Rep.1.5020,15213,43549Europe17
124C.A. Republic1.51---North America22
125Serbia1.515,8993,907103Europe18
126Cyprus1.5224,97616,43243Europe19
127Austria1.5347,29030,90817Europe20
128Belize1.544,8063,121108North America23
129Spain1.5528,35918,29638Europe21
130Malta1.5627,25017,46840Europe22
131Montenegro1.587,6474,84093Europe24
132Slovenia1.5823,65414,97147Europe23
133Yemen1.58551349150Asia35
134Estonia1.5919,84012,47850Europe25
135Slovakia1.6217,66410,90456Europe26
136New Zealand1.6441,59325,36226Oceania3
137Singapore1.6557,71334,97816Asia36
138Croatia1.6613,1387,91574Europe27
139Uruguay1.6616,72210,07461South America12
140Albania1.674,5832,744110Europe28
141Switzerland1.6880,59147,9718Europe29
142Liechtenstein1.69---Europe30
143Belgium1.7143,58225,48725Europe31
144Ireland1.7270,63841,06910Europe32
145UK1.7239,73523,10231Europe33
146Germany1.7444,55025,60324Europe34
147San Marino1.7547,40627,08922Europe35
148Zambia1.761,480841135Africa39
149Sweden1.7853,21829,89818Europe36
150Mayotte1.79---Africa40
151Finland1.8246,01725,28427Europe37
152France1.8239,86921,90632Europe38
153Portugal1.8421,16111,50155Europe39
154Israel1.8740,25821,52933Asia37
155Italy1.8931,98416,92342Europe40
156Monaco1.89---Europe41
157Wallis and Futuna Islands1.89---Oceania4
158Denmark1.9056,44429,70719Europe42
159Greece1.9318,6379,65763Europe43
160Netherlands1.9448,34624,92028Europe44
161Barbados1.9417,8599,20665North America24
162Iceland1.9970,33235,34315Europe45
163Norway2.0674,94136,37913Europe46
164Hong Kong2.2146,10920,86434Asia38