Countries by Petrol Prices and GDP per capita

Source www.globalpetrolprices.com
Date25 June 2019

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.

Countries by Petrol Prices map
Countries by Petrol Prices map thumbnail
Countries by Petrol Prices
Petrol Prices in Top 100 Richest Countries
Petrol Prices in Top 100 Richest Countries thumbnail
In Richest Countries
RankCountry Petrol Prices ($)Per capita Income ($) per capita/petrol pricesContinent
RatioRank NameRank
1Venezuela0.013,300330,0361South America1
2Cuba0.09---North America1
3Sudan0.147925,65791Africa1
4Iran0.295,22218,00745Asia1
5Algeria0.354,45012,71456Africa2
6Kuwait0.3531,91691,1873Asia2
7Nigeria0.402,0505,12597Africa3
8Turkmenistan0.437,41217,23746Asia3
9Kazakhstan0.469,97721,69035Asia4
10Egypt0.462,5725,59292Africa4
11Angola0.473,9248,35075Africa5
12Azerbaijan0.474,5879,75965Europe1
13Ecuador0.496,30112,85954South America2
14Malaysia0.5010,70421,40737Asia5
15Zimbabwe0.531,2692,394118Africa6
16Bahrain0.5326,53250,0609Asia6
17Uzbekistan0.531,3262,502117Asia7
18Bolivia0.543,7196,88883South America3
19Qatar0.5567,818123,3062Asia8
20Saudi Arabia0.5623,18741,40513Asia9
21Oman0.5719,17033,63219Asia10
22Burma0.581,3542,335119Asia11
23Haiti0.628741,410131North America2
24Kyrgyzstan0.631,2541,991123Asia12
25Iraq0.635,7939,19669Asia13
26Afghanistan0.64565883139Asia14
27UA Emirates0.6641,47662,8436Asia15
28Tunisia0.723,5734,96398Africa7
29Pakistan0.721,5272,121122Asia16
30Indonesia0.733,7895,19094Asia17
31Russia0.7310,95015,00148Europe2
32Ethiopia0.758911,187134Africa8
33Colombia0.766,7618,89672South America4
34Bhutan0.783,2114,117107Asia18
35Sierra Leone0.79496628146Africa9
36USA0.7962,51879,1365North America3
37Panama0.8015,87719,84741North America4
38Liberia0.81663819141Africa10
39Belarus0.826,0207,34278Europe3
40Puerto Rico0.8432,00438,10016North America5
41Lebanon0.8412,45414,82649Asia19
42Tr.&Tobago0.8516,93119,91940North America6
43Botswana0.868,1689,49866Africa11
44Georgia0.874,5065,17995Europe4
45Dominica0.876,8607,88576North America7
46Vietnam0.882,5532,901114Asia20
47Swaziland0.894,0934,599101Africa12
48Guatemala0.894,5835,14996North America8
49Suriname0.896,5067,31080South America5
50Chad0.90890988136Africa13
51Namibia0.915,9246,50985Africa14
52El Salvador0.914,0414,441104North America9
53Taiwan0.9225,53427,75527Asia21
54Lesotho0.931,4661,576129Africa15
55Sri Lanka0.934,2654,586102Asia22
56Fiji0.935,8776,31986Oceania1
57Cambodia0.941,4851,580128Asia23
58Benin0.97923952138Africa16
59Togo0.98668682143Africa17
60Philippines0.993,0993,131110Asia24
61Nepal0.99971981137Asia25
62Nicaragua1.002,1272,127121North America10
63Australia1.0056,69856,6987Oceania2
64Ghana1.001,7871,787125Africa18
65Tanzania1.021,0901,069135Africa19
66Canada1.0346,73345,37211North America11
67Guinea1.04865832140Africa20
68Honduras1.042,8292,720115North America12
69China1.049,6339,26368Asia26
70India1.052,0161,920124Asia27
71Bangladesh1.051,7361,654126Asia28
72Moldova1.073,2273,016112Europe5
73Argentina1.0710,6679,96963South America6
74Guyana1.084,6494,304106South America7
75Mexico1.089,6148,90271North America13
76Paraguay1.085,9345,49493South America8
77Cameroon1.091,5451,417130Africa22
78Morocco1.093,3553,078111Africa23
79Ivory Coast1.09---Africa21
80Mozambique1.10481437149Africa24
81Malawi1.12349312152Africa25
82Madagascar1.12475424150Africa26
83Kenya1.131,8651,651127Africa27
84Burkina Faso1.14734644145Africa28
85South Africa1.146,5605,75490Africa29
86Saint Lucia1.14---North America14
87Thailand1.157,0846,16087Asia29
88Peru1.167,1186,13788South America9
89Aruba1.1624,88121,45036North America15
90Uganda1.16717619147Africa30
91Zambia1.161,4501,250132Africa31
92Ukraine1.162,9642,555116Europe6
93Brazil1.169,1277,86877South America10
94Costa Rica1.1712,09510,33861North America16
95Jamaica1.185,3934,571103North America17
96Domin. Rep.1.187,8916,68884North America18
97Turkey1.198,7167,32479Asia30
98Rwanda1.20800667144Africa32
99Senegal1.211,4851,228133Africa33
100Gabon1.218,3856,93082Africa34
101Laos1.242,6902,170120Asia31
102Macedonia1.245,9534,80199Europe7
103Mauritius1.2411,0158,88373Africa35
104Chile1.2416,14313,01953South America11
105Mali1.24892719142Africa36
106Grenada1.2511,0328,82674North America19
107Bulgaria1.279,0807,15081Europe8
108Cayman Isl.1.29---North America20
109South Korea1.3032,04624,65132Asia32
110Burundi1.31307234153Africa37
111Andorra1.31---Europe9
112Bahamas1.3134,33326,20829North America21
113Bosnia & Herz.1.325,7044,321105Europe10
114Japan1.3340,10630,15522Asia33
115Romania1.3312,1899,16570Europe13
116Lithuania1.3318,85714,17851Europe12
117Hungary1.3316,01612,04258Europe11
118Cape Verde1.34---Africa38
119Cyprus1.3627,86520,48939Europe14
120DR Congo1.36478352151Africa39
121Luxembourg1.37113,95483,1784Europe15
122Poland1.4014,46910,33562Europe16
123Austria1.4251,70836,41417Europe17
124Jordan1.424,2282,977113Asia34
125Latvia1.4517,63412,16257Europe18
126Slovenia1.4626,58618,21044Europe19
127Serbia1.466,8154,668100Europe20
128Montenegro1.478,6445,88089Europe21
129Croatia1.4714,6379,95764Europe22
130Czech Rep.1.4823,08515,59847Europe24
131Spain1.4831,06020,98638Europe23
132Belize1.514,8303,199108North America22
133New Zealand1.5241,61627,37928Oceania3
134Slovakia1.5319,64212,83855Europe25
135Estonia1.5422,41714,55650Europe26
136Malta1.5530,55519,71342Europe27
137Uruguay1.5617,38011,14159South America12
138Yemen1.58926586148Asia35
139Singapore1.5861,23038,75315Asia36
140Belgium1.5946,97929,54623Europe28
141Switzerland1.6383,58351,2788Europe29
142UK1.6342,26125,92730Europe30
143Ireland1.6575,19245,57110Europe31
144San Marino1.6650,90430,66521Europe32
145Albania1.665,2613,169109Europe33
146Germany1.6848,67028,97024Europe34
147Wallis and Futuna Islands1.69---Oceania4
148Portugal1.7023,17613,63352Europe35
149Liechtenstein1.70---Europe36
150Sweden1.7253,86731,31820Europe37
151France1.7342,93124,81531Europe38
152Finland1.7650,06828,44825Europe39
153Denmark1.7761,22734,59218Europe40
154Italy1.8134,34918,97743Europe41
155Israel1.8341,18022,50333Asia37
156Greece1.8320,31111,09960Europe42
157Mayotte1.84---Africa40
158Netherlands1.8852,93128,15526Europe43
159Iceland1.9175,70039,63314Europe44
160C.A. Republic1.91---North America23
161Monaco1.97---Europe45
162Norway1.9882,37241,60212Europe46
163Barbados1.9818,3669,27667North America24
164Hong Kong2.2148,23121,82434Asia38