Countries by Petrol Prices

Source www.globalpetrolprices.com
Date03 Jul 2020

The biggest single component of retail gasoline or petrol prices is the cost of the crude oil used to produce the gasoline. Recently, that price of WTI crude oil has been $39-$40 a barrel. In the worldwide oil industry, an oil barrel is defined as 42 US gallons, which is about 159 liters. This calculates price of crude oil $0.24-$0.25 per liter. Taxes and subsidies, cost of refining and transporting, commission etc are included in retail price.

The average price of gasoline around the world is 0.97 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 the 164 countries/regions listed, 93 have price below 1 USD dollar. 53 have between $1.00-$1.50, 16 have between $1.50-$2.00 and two have over $2. Prices are as per the date 29 Jun 2020.

Venezuela has the cheapest price just $0.02 per liter followed by Iran ($0.07). Among the top ten cheapest, five countries are located in Asia continent, four in Africa and one in South America. Zimbabwe has the most expensive price of $2.86 followed by Hong Kong.

Qatar and USA are among top 10 richest economies but has low gasoline price below $1. Even developed countries Australia and Canada has price below $1. Prices are high in European nations as only 8 countries have less than one dollar. Azerbaijan has the lowest rate in Europe. 35 out of 47 European countries has price above $1. This figure is 9 out of 37 in Asia, 14 out of 41 in Africa, 6 out of 23 in North America, 1 out of 12 in South America and 2 out of 4 in Oceania.

Petrol prices in USD, EURO and INR
Rank Country Gasoline/Petrol Prices per liter Continent
USD ($)EURO (€)INR (₹) NameRank
1Venezuela0.020.021.51South America1
2Iran0.070.075.52Asia1
3Sudan0.140.1210.51Africa1
4Angola0.280.2520.86Africa2
5Saudi Arabia0.290.2621.73Asia2
6Qatar0.290.2621.77Asia3
7Nigeria0.330.3025.23Africa3
8Kuwait0.340.3025.75Asia4
9Algeria0.360.3226.90Africa4
10Malaysia0.390.3529.80Asia5
11Kazakhstan0.430.3832.20Asia6
12Turkmenistan0.430.3832.28Asia7
13Pakistan0.440.3933.42Asia8
14Afghanistan0.450.4034.11Asia9
15Ecuador0.460.4134.89South America2
16Azerbaijan0.470.4235.52Europe1
17Kyrgyzstan0.490.4336.65Asia10
18United Arab Emirates0.490.4436.99Asia11
19Burma0.500.4437.48Asia12
20Oman0.500.4437.64Asia13
21Egypt0.530.4739.75Africa5
22Bahrain0.530.4739.98Asia14
23Haiti0.540.4840.48North America1
24Bolivia0.540.4840.65South America3
25Colombia0.560.5042.13South America4
26Lesotho0.580.5244.15Africa6
27Panama0.620.5546.69North America2
28Georgia0.620.5546.82Europe2
29Iraq0.630.5647.24Asia15
30Ethiopia0.630.5647.61Africa7
31Puerto Rico0.630.5647.70North America3
32Indonesia0.640.5748.15Asia16
33Uzbekistan0.640.5748.59Asia17
34Vietnam0.650.5849.15Asia18
35Tanzania0.660.5849.49Africa8
36Bhutan0.660.5849.56Asia19
37Botswana0.660.5949.69Africa9
38Russia0.660.5949.96Europe3
39USA0.660.5950.12North America4
40Tunisia0.690.6152.05Africa11
41Guyana0.690.6252.20South America5
42Swaziland0.690.6252.24Africa10
43Namibia0.700.6252.46Africa12
44El Salvador0.710.6353.57North America5
45Sierra Leone0.720.6454.22Africa13
46Togo0.730.6554.95Africa14
47Belarus0.740.6655.69Europe4
48Guatemala0.740.6656.03North America6
49Brazil0.740.6656.18South America6
50Liberia0.750.6656.24Africa15
51South Africa0.760.6757.07Africa16
52Fiji0.770.6857.82Oceania1
53Lebanon0.770.6958.43Asia20
54Nepal0.790.7059.75Asia21
55Taiwan0.800.7160.24Asia22
56Ghana0.800.7160.36Africa17
57Argentina0.810.7261.23South America7
58Cambodia0.810.7261.40Asia23
59Mexico0.810.7261.41North America7
60Ukraine0.820.7361.81Europe5
61Australia0.820.7362.03Oceania2
62Honduras0.840.7563.25North America8
63Bahamas0.850.7563.88North America9
64Trinidad & Tobago0.850.7563.93North America10
65Nicaragua0.850.7563.95North America11
66China0.850.7664.49Asia24
67Kenya0.860.7664.70Africa18
68Sri Lanka0.860.7765.00Asia25
69Benin0.870.7765.30Africa19
70Dominica0.870.7865.76North America12
71Suriname0.870.7865.95South America8
72Chad0.890.7966.98Africa20
73Paraguay0.890.7967.02South America9
74Laos0.890.7967.27Asia26
75Canada0.890.7967.29North America13
76Aruba0.890.7967.30North America14
77Peru0.900.8068.20South America10
78Moldova0.910.8168.37Europe6
79Cape Verde0.910.8168.54Africa21
80Turkey0.910.8168.55Europe7
81Mozambique0.920.8169.10Africa22
82Morocco0.920.8269.43Africa23
83Dominican Republic0.920.8269.62North America15
84Thailand0.920.8269.76Asia27
85Guinea0.930.8370.12Africa24
86Malawi0.930.8370.31Africa25
87Saint Lucia0.940.8370.66North America16
88Philippines0.950.8471.40Asia28
89Bulgaria0.960.8572.51Europe8
90Zambia0.970.8673.23Africa26
91Jamaica0.980.8774.09North America17
92Chile0.980.8874.24South America11
93Ivory Coast0.990.8875.00Africa27
94Costa Rica1.000.8975.21North America18
95Rwanda1.010.9075.93Africa28
96DR Congo1.020.9176.93Africa29
97Grenada1.020.9176.97North America19
98Bosnia & Herz.1.030.9177.41Europe9
99Romania1.030.9277.67Europe10
100Gabon1.040.9278.23Africa30
101Bangladesh1.040.9378.86Asia29
102Burkina Faso1.050.9378.87Africa32
103Madagascar1.050.9479.60Africa31
104Poland1.060.9479.82Europe11
105Uganda1.060.9479.84Africa33
106Belize1.070.9681.10North America20
107Cameroon1.080.9681.46Africa34
108Lithuania1.090.9782.28Europe12
109Mauritius1.100.9882.76Africa35
110Northern Macedonia1.100.9883.29Europe13
111India1.100.9883.34Asia30
112Slovenia1.121.0084.83Europe14
113South Korea1.121.0084.84Asia31
114Cayman Islands1.121.0084.87North America21
115Andorra1.131.0185.51Europe15
116Hungary1.141.0186.00Europe16
117Czech Republic1.141.0286.24Europe17
118Jordan1.161.0387.29Asia32
119Austria1.181.0588.90Europe18
120Japan1.181.0588.91Asia33
121Yemen1.181.0588.95Asia34
122Luxembourg1.201.0790.34Europe19
123Cuba1.201.0790.57North America22
124Cyprus1.201.0790.94Europe20
125Serbia1.221.0891.98Europe21
126Mali1.221.0992.45Africa36
127Burundi1.241.1093.74Africa37
128Montenegro1.251.1194.16Europe22
129Latvia1.261.1295.09Europe23
130Spain1.291.1597.17Europe24
131Croatia1.291.1597.43Europe25
132Slovakia1.301.1698.06Europe26
133New Zealand1.301.1698.13Oceania3
134Uruguay1.311.1698.58South America12
135Senegal1.331.18100.21Africa38
136Estonia1.351.20101.63Europe27
137United Kingdom1.361.21102.47Europe28
138San Marino1.381.23104.26Europe29
139Barbados1.381.23104.27North America23
140Ireland1.381.23104.34Europe30
141Switzerland1.391.24104.87Europe31
142Liechtenstein1.391.24104.96Europe32
143Singapore1.401.24105.50Asia35
144Belgium1.451.29109.68Europe33
145Germany1.461.30110.19Europe34
146Mayotte1.491.33112.82Africa39
147Malta1.511.34113.67Europe37
148France1.511.34113.84Europe36
149Sweden1.511.35114.14Europe35
150Finland1.521.35114.60Europe38
151Albania1.531.36115.23Europe39
152Monaco1.531.36115.54Europe40
153Portugal1.551.38116.89Europe41
154Israel1.571.40118.73Asia36
155Iceland1.581.41119.39Europe42
156Italy1.591.41119.68Europe43
157Denmark1.591.42120.27Europe44
158Greece1.611.43121.39Europe45
159Wallis and Futuna1.651.47124.80Oceania4
160Norway1.671.49126.29Europe46
161Netherlands1.751.56132.33Europe47
162Central African Rep.1.881.68142.23Africa40
163Hong Kong2.241.99168.86Asia37
164Zimbabwe2.862.55216.22Africa41
Petrol prices and GDP per capita
Rank Country Gasoline/Petrol Prices ($) Per capita Income ($) per capita/petrol prices
RatioRank
1Venezuela0.022,548127,3882
2Iran0.075,50678,6607
3Sudan0.147145,102105
4Angola0.283,03810,85073
5Saudi Arabia0.2922,86578,8456
6Qatar0.2969,688240,3021
7Nigeria0.332,2226,73393
8Kuwait0.3429,26786,0795
9Algeria0.363,98011,05672
10Malaysia0.3911,13728,55633
11Kazakhstan0.439,13921,25442
12Turkmenistan0.437,81618,17747
13Pakistan0.441,3883,155116
14Afghanistan0.455131,140136
15Ecuador0.466,24913,58657
16Azerbaijan0.474,6899,97775
17Kyrgyzstan0.491,2932,639121
18United Arab Emirates0.4937,75077,0418
19Burma0.501,2452,489122
20Oman0.5017,79135,58221
21Egypt0.533,0475,74899
22Bahrain0.5325,27347,68514
23Haiti0.547841,452131
24Bolivia0.543,6716,79892
25Colombia0.566,50811,62269
26Lesotho0.581,3392,308124
27Panama0.6216,24526,20237
28Georgia0.624,2896,91891
29Iraq0.635,7389,10980
30Ethiopia0.639531,513130
31Puerto Rico0.6331,53850,06113
32Indonesia0.644,1646,50694
33Uzbekistan0.641,8322,862119
34Vietnam0.652,7404,215110
35Tanzania0.661,1051,674129
36Bhutan0.663,4235,186104
37Botswana0.667,85911,90866
38Russia0.6611,16316,91350
39USA0.6665,11298,6543
40Tunisia0.693,2874,764106
41Guyana0.695,2527,61288
42Swaziland0.694,1776,05398
43Namibia0.705,8428,34683
44El Salvador0.714,0085,645100
45Sierra Leone0.72547759144
46Togo0.73671920141
47Belarus0.746,6048,92481
48Guatemala0.744,6176,23996
49Brazil0.748,79711,88867
50Liberia0.75704938140
51South Africa0.766,1008,02785
52Fiji0.776,3808,28584
53Lebanon0.779,65512,53960
54Nepal0.791,0481,326135
55Taiwan0.8024,82831,03529
56Ghana0.802,2232,779120
57Argentina0.819,88812,20763
58Cambodia0.811,6212,001126
59Mexico0.8110,11812,49261
60Ukraine0.823,5924,381109
61Australia0.8253,82565,6409
62Honduras0.842,5483,034117
63Bahamas0.8533,26139,13119
64Trinidad & Tobago0.8516,36619,25446
65Nicaragua0.851,9192,258125
66China0.8510,09911,88168
67Kenya0.861,9982,323123
68Sri Lanka0.863,9474,589108
69Benin0.871,2171,398133
70Dominica0.878,3819,63378
71Suriname0.876,3117,25489
72Chad0.89861968139
73Paraguay0.895,6926,39695
74Laos0.892,6703,000118
75Canada0.8946,21351,92512
76Aruba0.8925,97629,18732
77Peru0.907,0477,83086
78Moldova0.913,3003,626113
79Cape Verde0.91---
80Turkey0.918,9589,84477
81Mozambique0.92484527148
82Morocco0.923,3453,636112
83Dominican Republic0.928,6299,38079
84Thailand0.927,7928,47082
85Guinea0.939811,055138
86Malawi0.93371399151
87Saint Lucia0.94---
88Philippines0.953,2943,468115
89Bulgaria0.969,5189,91576
90Zambia0.971,3071,347134
91Jamaica0.985,4615,572102
92Chile0.9815,39915,71451
93Ivory Coast0.99---
94Costa Rica1.0012,01512,01565
95Rwanda1.01825817142
96DR Congo1.02501491149
97Grenada1.0211,38111,15871
98Bosnia & Herz.1.035,7425,575101
99Romania1.0312,48312,11964
100Gabon1.048,1127,80087
101Bangladesh1.041,9061,832128
102Burkina Faso1.05718684147
103Madagascar1.05464442150
104Poland1.0614,90214,05856
105Uganda1.06770726146
106Belize1.074,9254,603107
107Cameroon1.081,5151,402132
108Lithuania1.0919,26717,67648
109Mauritius1.1011,36110,32874
110Northern Macedonia1.106,0965,542103
111India1.102,1721,974127
112Slovenia1.1226,17023,36638
113South Korea1.1231,43128,06334
114Cayman Islands1.12---
115Andorra1.13---
116Hungary1.1417,46315,31952
117Czech Republic1.1423,21420,36344
118Jordan1.164,3873,782111
119Austria1.1850,02342,39218
120Japan1.1840,84734,61622
121Yemen1.18943799143
122Luxembourg1.20113,19694,3304
123Cuba1.20---
124Cyprus1.2027,72023,10040
125Serbia1.227,3986,06497
126Mali1.22924758145
127Burundi1.24310250153
128Montenegro1.258,7046,96390
129Latvia1.2618,17214,42255
130Spain1.2929,96123,22639
131Croatia1.2914,95011,58970
132Slovakia1.3019,54815,03753
133New Zealand1.3040,63431,25727
134Uruguay1.3117,02912,99959
135Senegal1.331,4281,074137
136Estonia1.3523,52417,42549
137United Kingdom1.3641,03030,16930
138San Marino1.3847,28034,26123
139Barbados1.3818,06913,09458
140Ireland1.3877,77156,35611
141Switzerland1.3983,71760,22810
142Liechtenstein1.39---
143Singapore1.4063,98745,70516
144Belgium1.4545,17631,15628
145Germany1.4646,56431,89326
146Mayotte1.49---
147Malta1.5130,65020,29845
148France1.5141,76127,65635
149Sweden1.5151,24233,93524
150Finland1.5248,86932,15025
151Albania1.535,3733,512114
152Monaco1.53---
153Portugal1.5523,03114,85954
154Israel1.5742,82327,27636
155Iceland1.5867,03742,42917
156Italy1.5932,94720,72143
157Denmark1.5959,79537,60720
158Greece1.6119,97412,40662
159Wallis and Futuna1.65---
160Norway1.6777,97546,69215
161Netherlands1.7552,36829,92431
162Central African Rep.1.88448238154
163Hong Kong2.2449,33422,02441
164Zimbabwe2.86860301152