Countries by Petrol Prices and GDP per capita

Source	www.globalpetrolprices.com
Date	25 June 2019

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The biggest single component of retail gasoline prices is the cost of the crude oil used to produce the gasoline. Recently, that price of WTI crude oil has been $64-$65 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 $0.40-$0.41 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 1.12 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, 61 have price below 1 USD dollar. 70 have between $1.00-$1.50, 32 have between $1.50-$2.00 and one have over $2. Prices are as per the date 24th June 2019.

Venezuela has cheapest price just $0.01 per liter followed by Cuba ($0.09). Among top 10 cheapest, 4 countries are located in Africa and Asia continent each, one each in South America and North America. Hong Kong has costliest price of $2.21 followed by Barbados and Norway.

Qatar and USA are among top 10 richest economies but has low gasoline price below $1. Even developed countries Australia, and Canada has price around of $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 Russia, Belarus and Georgia. 22 out of 46 European countries has price above $1.5. This figure is 1 out of 12 for South America, 4 out of 38 in Asia, 3 out of 24 in North America and 4 out of 40 in in Africa.

Rank	Country	Petrol Prices ($)	Per capita Income ($)	per capita/petrol prices		Continent
Rank	Country	Petrol Prices ($)	Per capita Income ($)	Ratio	Rank	Name	Rank
1	Venezuela	0.01	3,300	330,036	1	South America	1
2	Cuba	0.09	-	-	-	North America	1
3	Sudan	0.14	792	5,657	91	Africa	1
4	Iran	0.29	5,222	18,007	45	Asia	1
5	Algeria	0.35	4,450	12,714	56	Africa	2
6	Kuwait	0.35	31,916	91,187	3	Asia	2
7	Nigeria	0.40	2,050	5,125	97	Africa	3
8	Turkmenistan	0.43	7,412	17,237	46	Asia	3
9	Kazakhstan	0.46	9,977	21,690	35	Asia	4
10	Egypt	0.46	2,572	5,592	92	Africa	4
11	Angola	0.47	3,924	8,350	75	Africa	5
12	Azerbaijan	0.47	4,587	9,759	65	Europe	1
13	Ecuador	0.49	6,301	12,859	54	South America	2
14	Malaysia	0.50	10,704	21,407	37	Asia	5
15	Zimbabwe	0.53	1,269	2,394	118	Africa	6
16	Bahrain	0.53	26,532	50,060	9	Asia	6
17	Uzbekistan	0.53	1,326	2,502	117	Asia	7
18	Bolivia	0.54	3,719	6,888	83	South America	3
19	Qatar	0.55	67,818	123,306	2	Asia	8
20	Saudi Arabia	0.56	23,187	41,405	13	Asia	9
21	Oman	0.57	19,170	33,632	19	Asia	10
22	Burma	0.58	1,354	2,335	119	Asia	11
23	Haiti	0.62	874	1,410	131	North America	2
24	Kyrgyzstan	0.63	1,254	1,991	123	Asia	12
25	Iraq	0.63	5,793	9,196	69	Asia	13
26	Afghanistan	0.64	565	883	139	Asia	14
27	UA Emirates	0.66	41,476	62,843	6	Asia	15
28	Tunisia	0.72	3,573	4,963	98	Africa	7
29	Pakistan	0.72	1,527	2,121	122	Asia	16
30	Indonesia	0.73	3,789	5,190	94	Asia	17
31	Russia	0.73	10,950	15,001	48	Europe	2
32	Ethiopia	0.75	891	1,187	134	Africa	8
33	Colombia	0.76	6,761	8,896	72	South America	4
34	Bhutan	0.78	3,211	4,117	107	Asia	18
35	Sierra Leone	0.79	496	628	146	Africa	9
36	USA	0.79	62,518	79,136	5	North America	3
37	Panama	0.80	15,877	19,847	41	North America	4
38	Liberia	0.81	663	819	141	Africa	10
39	Belarus	0.82	6,020	7,342	78	Europe	3
40	Puerto Rico	0.84	32,004	38,100	16	North America	5
41	Lebanon	0.84	12,454	14,826	49	Asia	19
42	Tr.&Tobago	0.85	16,931	19,919	40	North America	6
43	Botswana	0.86	8,168	9,498	66	Africa	11
44	Georgia	0.87	4,506	5,179	95	Europe	4
45	Dominica	0.87	6,860	7,885	76	North America	7
46	Vietnam	0.88	2,553	2,901	114	Asia	20
47	Swaziland	0.89	4,093	4,599	101	Africa	12
48	Guatemala	0.89	4,583	5,149	96	North America	8
49	Suriname	0.89	6,506	7,310	80	South America	5
50	Chad	0.90	890	988	136	Africa	13
51	Namibia	0.91	5,924	6,509	85	Africa	14
52	El Salvador	0.91	4,041	4,441	104	North America	9
53	Taiwan	0.92	25,534	27,755	27	Asia	21
54	Lesotho	0.93	1,466	1,576	129	Africa	15
55	Sri Lanka	0.93	4,265	4,586	102	Asia	22
56	Fiji	0.93	5,877	6,319	86	Oceania	1
57	Cambodia	0.94	1,485	1,580	128	Asia	23
58	Benin	0.97	923	952	138	Africa	16
59	Togo	0.98	668	682	143	Africa	17
60	Philippines	0.99	3,099	3,131	110	Asia	24
61	Nepal	0.99	971	981	137	Asia	25
62	Nicaragua	1.00	2,127	2,127	121	North America	10
63	Australia	1.00	56,698	56,698	7	Oceania	2
64	Ghana	1.00	1,787	1,787	125	Africa	18
65	Tanzania	1.02	1,090	1,069	135	Africa	19
66	Canada	1.03	46,733	45,372	11	North America	11
67	Guinea	1.04	865	832	140	Africa	20
68	Honduras	1.04	2,829	2,720	115	North America	12
69	China	1.04	9,633	9,263	68	Asia	26
70	India	1.05	2,016	1,920	124	Asia	27
71	Bangladesh	1.05	1,736	1,654	126	Asia	28
72	Moldova	1.07	3,227	3,016	112	Europe	5
73	Argentina	1.07	10,667	9,969	63	South America	6
74	Guyana	1.08	4,649	4,304	106	South America	7
75	Mexico	1.08	9,614	8,902	71	North America	13
76	Paraguay	1.08	5,934	5,494	93	South America	8
77	Cameroon	1.09	1,545	1,417	130	Africa	22
78	Morocco	1.09	3,355	3,078	111	Africa	23
79	Ivory Coast	1.09	-	-	-	Africa	21
80	Mozambique	1.10	481	437	149	Africa	24
81	Malawi	1.12	349	312	152	Africa	25
82	Madagascar	1.12	475	424	150	Africa	26
83	Kenya	1.13	1,865	1,651	127	Africa	27
84	Burkina Faso	1.14	734	644	145	Africa	28
85	South Africa	1.14	6,560	5,754	90	Africa	29
86	Saint Lucia	1.14	-	-	-	North America	14
87	Thailand	1.15	7,084	6,160	87	Asia	29
88	Peru	1.16	7,118	6,137	88	South America	9
89	Aruba	1.16	24,881	21,450	36	North America	15
90	Uganda	1.16	717	619	147	Africa	30
91	Zambia	1.16	1,450	1,250	132	Africa	31
92	Ukraine	1.16	2,964	2,555	116	Europe	6
93	Brazil	1.16	9,127	7,868	77	South America	10
94	Costa Rica	1.17	12,095	10,338	61	North America	16
95	Jamaica	1.18	5,393	4,571	103	North America	17
96	Domin. Rep.	1.18	7,891	6,688	84	North America	18
97	Turkey	1.19	8,716	7,324	79	Asia	30
98	Rwanda	1.20	800	667	144	Africa	32
99	Senegal	1.21	1,485	1,228	133	Africa	33
100	Gabon	1.21	8,385	6,930	82	Africa	34
101	Laos	1.24	2,690	2,170	120	Asia	31
102	Macedonia	1.24	5,953	4,801	99	Europe	7
103	Mauritius	1.24	11,015	8,883	73	Africa	35
104	Chile	1.24	16,143	13,019	53	South America	11
105	Mali	1.24	892	719	142	Africa	36
106	Grenada	1.25	11,032	8,826	74	North America	19
107	Bulgaria	1.27	9,080	7,150	81	Europe	8
108	Cayman Isl.	1.29	-	-	-	North America	20
109	South Korea	1.30	32,046	24,651	32	Asia	32
110	Burundi	1.31	307	234	153	Africa	37
111	Andorra	1.31	-	-	-	Europe	9
112	Bahamas	1.31	34,333	26,208	29	North America	21
113	Bosnia & Herz.	1.32	5,704	4,321	105	Europe	10
114	Japan	1.33	40,106	30,155	22	Asia	33
115	Romania	1.33	12,189	9,165	70	Europe	13
116	Lithuania	1.33	18,857	14,178	51	Europe	12
117	Hungary	1.33	16,016	12,042	58	Europe	11
118	Cape Verde	1.34	-	-	-	Africa	38
119	Cyprus	1.36	27,865	20,489	39	Europe	14
120	DR Congo	1.36	478	352	151	Africa	39
121	Luxembourg	1.37	113,954	83,178	4	Europe	15
122	Poland	1.40	14,469	10,335	62	Europe	16
123	Austria	1.42	51,708	36,414	17	Europe	17
124	Jordan	1.42	4,228	2,977	113	Asia	34
125	Latvia	1.45	17,634	12,162	57	Europe	18
126	Slovenia	1.46	26,586	18,210	44	Europe	19
127	Serbia	1.46	6,815	4,668	100	Europe	20
128	Montenegro	1.47	8,644	5,880	89	Europe	21
129	Croatia	1.47	14,637	9,957	64	Europe	22
130	Czech Rep.	1.48	23,085	15,598	47	Europe	24
131	Spain	1.48	31,060	20,986	38	Europe	23
132	Belize	1.51	4,830	3,199	108	North America	22
133	New Zealand	1.52	41,616	27,379	28	Oceania	3
134	Slovakia	1.53	19,642	12,838	55	Europe	25
135	Estonia	1.54	22,417	14,556	50	Europe	26
136	Malta	1.55	30,555	19,713	42	Europe	27
137	Uruguay	1.56	17,380	11,141	59	South America	12
138	Yemen	1.58	926	586	148	Asia	35
139	Singapore	1.58	61,230	38,753	15	Asia	36
140	Belgium	1.59	46,979	29,546	23	Europe	28
141	Switzerland	1.63	83,583	51,278	8	Europe	29
142	UK	1.63	42,261	25,927	30	Europe	30
143	Ireland	1.65	75,192	45,571	10	Europe	31
144	San Marino	1.66	50,904	30,665	21	Europe	32
145	Albania	1.66	5,261	3,169	109	Europe	33
146	Germany	1.68	48,670	28,970	24	Europe	34
147	Wallis and Futuna Islands	1.69	-	-	-	Oceania	4
148	Portugal	1.70	23,176	13,633	52	Europe	35
149	Liechtenstein	1.70	-	-	-	Europe	36
150	Sweden	1.72	53,867	31,318	20	Europe	37
151	France	1.73	42,931	24,815	31	Europe	38
152	Finland	1.76	50,068	28,448	25	Europe	39
153	Denmark	1.77	61,227	34,592	18	Europe	40
154	Italy	1.81	34,349	18,977	43	Europe	41
155	Israel	1.83	41,180	22,503	33	Asia	37
156	Greece	1.83	20,311	11,099	60	Europe	42
157	Mayotte	1.84	-	-	-	Africa	40
158	Netherlands	1.88	52,931	28,155	26	Europe	43
159	Iceland	1.91	75,700	39,633	14	Europe	44
160	C.A. Republic	1.91	-	-	-	North America	23
161	Monaco	1.97	-	-	-	Europe	45
162	Norway	1.98	82,372	41,602	12	Europe	46
163	Barbados	1.98	18,366	9,276	67	North America	24
164	Hong Kong	2.21	48,231	21,824	34	Asia	38