Countries by Petrol Prices

Source	www.globalpetrolprices.com
Date	18 Feb 2021

Top Statistics

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United States vs China by population

World GDP per capita

The cost of crude oil is the largest component of the retail price of gasoline or petrol. Recently, the price of WTI crude oil has been $60-$61 a barrel. In the worldwide oil industry, an oil barrel is defined as 42 U.S. gallons, which is about 159 liters. This calculates the price of crude oil to $0.38-$0.39 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 1.08 U.S. Dollars 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 167 countries/regions listed, 73 have a price below 1 USD dollar. Sixty-one have between $1.00-$1.50, 30 have between $1.50-$2.00, and three have over $2. Prices are as per the date 15 Feb 2021.

Venezuela has the cheapest price, just $0.02 per liter, followed by Iran ($0.06). Among the top ten cheapest, five countries are located in Asia, four in Africa, and one in South America. Hong Kong has the most expensive price of $2.40, followed by Central African Rep. and the Netherlands.

Qatar and the USA are among the top 10 richest economies but has low gasoline price below $1. Even developed countries Australia and Canada, have a price close to $1. Prices are high in European nations as only five countries have less than one dollar. Azerbaijan has the lowest rate in Europe. 42 out of 47 European countries have a price above $1. This figure is 13 out of 38 in Asia, 20 out of 42 in Africa, 13 out of 23 in North America, 2 out of 12 in South America and 3 out of 4 in Oceania.

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Petrol prices in USD, EURO and INR
Rank	Country	Gasoline/Petrol Prices per liter			Continent
Rank	Country	USD ($)	EURO (€)	INR (₹)	Name	Rank
1	Venezuela	0.02	0.02	1.45	South America	1
2	Iran	0.06	0.05	4.50	Asia	1
3	Angola	0.25	0.20	17.82	Africa	1
4	Algeria	0.35	0.29	25.15	Africa	2
5	Kuwait	0.35	0.29	25.26	Asia	2
6	Sudan	0.38	0.31	27.53	Africa	3
7	Kazakhstan	0.41	0.34	29.70	Asia	3
8	Qatar	0.41	0.34	29.96	Asia	4
9	Turkmenistan	0.43	0.35	31.13	Asia	5
10	Nigeria	0.44	0.36	31.61	Africa	4
11	Ecuador	0.46	0.38	33.77	South America	2
12	Kyrgyzstan	0.47	0.39	34.35	Asia	6
13	Malaysia	0.49	0.40	35.34	Asia	7
14	United Arab Emirates	0.49	0.40	35.64	Asia	8
15	Iraq	0.52	0.42	37.42	Asia	9
16	Saudi Arabia	0.52	0.43	37.61	Asia	10
17	Oman	0.53	0.43	38.16	Asia	11
18	Bahrain	0.53	0.44	38.58	Asia	12
19	Ethiopia	0.54	0.44	39.08	Africa	5
20	Bolivia	0.54	0.45	39.39	South America	3
21	Egypt	0.55	0.45	39.63	Africa	6
22	Azerbaijan	0.59	0.49	42.78	Europe	1
23	Afghanistan	0.60	0.49	43.34	Asia	13
24	Dominica	0.60	0.49	43.54	North America	1
25	Colombia	0.63	0.52	45.77	South America	4
26	Syria	0.65	0.54	47.37	Asia	14
27	Russia	0.65	0.54	47.40	Europe	2
28	Indonesia	0.66	0.54	47.71	Asia	15
29	Burma	0.67	0.55	48.38	Asia	16
30	Bhutan	0.68	0.56	49.56	Asia	17
31	Pakistan	0.70	0.58	51.14	Asia	18
32	Belarus	0.71	0.59	51.60	Europe	3
33	Tunisia	0.72	0.59	52.41	Africa	7
34	Botswana	0.72	0.59	52.42	Africa	8
35	Haiti	0.73	0.60	53.19	North America	2
36	Panama	0.74	0.61	53.44	North America	3
37	Uzbekistan	0.75	0.61	54.21	Asia	19
38	USA	0.75	0.62	54.65	North America	4
39	Vietnam	0.76	0.63	55.29	Asia	20
40	Liberia	0.77	0.63	55.66	Africa	9
41	Georgia	0.77	0.64	56.12	Europe	4
42	Puerto Rico	0.77	0.64	56.14	North America	5
43	Togo	0.79	0.65	57.21	Africa	10
44	Namibia	0.80	0.66	57.87	Africa	11
45	Tanzania	0.82	0.67	59.24	Africa	12
46	Suriname	0.82	0.68	59.75	South America	5
47	Sri Lanka	0.83	0.68	60.26	Asia	21
48	Mozambique	0.83	0.68	60.41	Africa	13
49	El Salvador	0.83	0.69	60.46	North America	6
50	Guatemala	0.83	0.69	60.54	North America	7
51	Sierra Leone	0.83	0.69	60.55	Africa	14
52	Lesotho	0.84	0.69	61.28	Africa	15
53	Trinidad & Tobago	0.85	0.70	61.68	North America	8
54	Guyana	0.86	0.71	62.46	South America	6
55	Guinea	0.88	0.72	63.65	Africa	16
56	Brazil	0.90	0.74	65.45	South America	7
57	Argentina	0.90	0.74	65.54	South America	8
58	Paraguay	0.90	0.74	65.56	South America	9
59	Ghana	0.91	0.75	66.09	Africa	17
60	Swaziland	0.91	0.75	66.32	Africa	18
61	Benin	0.94	0.77	67.98	Africa	19
62	Taiwan	0.95	0.78	68.78	Asia	22
63	Nepal	0.95	0.78	68.98	Asia	23
64	Cambodia	0.96	0.79	69.55	Asia	24
65	Chad	0.96	0.79	69.73	Africa	20
66	Nicaragua	0.96	0.79	69.83	North America	9
67	Ukraine	0.97	0.80	70.31	Europe	5
68	Zambia	0.97	0.80	70.56	Africa	21
69	Lebanon	0.98	0.81	71.27	Asia	25
70	Honduras	0.98	0.81	71.27	North America	10
71	Fiji	0.98	0.81	71.50	Oceania	1
72	Peru	0.99	0.82	71.99	South America	10
73	Costa Rica	0.99	0.82	72.31	North America	11
74	Rwanda	1.00	0.82	72.35	Africa	22
75	Australia	1.00	0.83	72.97	Oceania	2
76	Seychelles	1.00	0.83	72.98	Africa	23
77	DR Congo	1.01	0.83	73.31	Africa	24
78	Mexico	1.01	0.84	73.68	North America	12
79	Jamaica	1.02	0.84	74.18	North America	13
80	Moldova	1.03	0.85	74.72	Europe	6
81	China	1.03	0.85	74.74	Asia	26
82	Bahamas	1.04	0.86	75.69	North America	14
83	Bangladesh	1.05	0.87	76.41	Asia	27
84	Turkey	1.05	0.87	76.58	Europe	7
85	Morocco	1.05	0.87	76.67	Africa	25
86	Laos	1.06	0.87	76.91	Asia	28
87	South Africa	1.06	0.88	77.21	Africa	26
88	Dominican Republic	1.07	0.88	77.47	North America	15
89	Curacao	1.07	0.88	77.53	North America	16
90	Canada	1.07	0.88	77.82	North America	17
91	Kenya	1.07	0.88	77.88	Africa	27
92	Saint Lucia	1.07	0.88	78.03	North America	18
93	Malawi	1.08	0.89	78.35	Africa	28
94	Philippines	1.08	0.89	78.64	Asia	29
95	Uganda	1.08	0.89	78.76	Africa	29
96	Aruba	1.09	0.90	79.31	North America	19
97	Madagascar	1.09	0.90	79.55	Africa	30
98	Thailand	1.11	0.91	80.42	Asia	30
99	Mauritius	1.11	0.91	80.44	Africa	31
100	Ivory Coast	1.11	0.92	80.77	Africa	32
101	Burkina Faso	1.12	0.92	81.45	Africa	33
102	Gabon	1.12	0.92	81.45	Africa	34
103	Cayman Islands	1.12	0.93	81.71	North America	20
104	Grenada	1.13	0.93	82.04	North America	21
105	Chile	1.15	0.95	83.81	South America	11
106	Bulgaria	1.16	0.95	84.16	Europe	8
107	Cameroon	1.17	0.96	84.81	Africa	35
108	Cuba	1.20	0.99	87.26	North America	22
109	Cape Verde	1.21	1.00	88.17	Africa	36
110	Bosnia & Herz.	1.22	1.00	88.50	Europe	9
111	Burundi	1.24	1.02	89.89	Africa	37
112	Mali	1.24	1.02	90.33	Africa	38
113	Northern Macedonia	1.25	1.03	90.98	Europe	10
114	Zimbabwe	1.26	1.04	91.47	Africa	39
115	India	1.26	1.04	91.76	Asia	31
116	Poland	1.27	1.05	92.24	Europe	11
117	Romania	1.27	1.05	92.39	Europe	12
118	Uruguay	1.29	1.06	93.76	South America	12
119	South Korea	1.30	1.07	94.23	Asia	32
120	Belize	1.30	1.07	94.38	North America	23
121	Japan	1.30	1.07	94.75	Asia	33
122	Andorra	1.31	1.08	95.31	Europe	13
123	Slovenia	1.33	1.10	96.81	Europe	14
124	Jordan	1.33	1.10	96.93	Asia	34
125	Cyprus	1.35	1.11	97.87	Europe	15
126	Czech Republic	1.36	1.12	98.58	Europe	16
127	Hungary	1.36	1.12	99.12	Europe	17
128	Austria	1.40	1.15	101.49	Europe	18
129	Albania	1.43	1.17	103.64	Europe	19
130	Lithuania	1.43	1.18	104.05	Europe	20
131	Senegal	1.44	1.18	104.33	Africa	40
132	Luxembourg	1.45	1.20	105.72	Europe	21
133	Serbia	1.46	1.20	105.85	Europe	22
134	Montenegro	1.49	1.23	108.55	Europe	23
135	Latvia	1.52	1.25	110.22	Europe	24
136	Spain	1.52	1.25	110.37	Europe	25
137	Yemen	1.52	1.25	110.38	Asia	35
138	Croatia	1.52	1.26	110.74	Europe	26
139	Wallis and Futuna	1.54	1.27	112.28	Oceania	3
140	Slovakia	1.56	1.29	113.58	Europe	27
141	Estonia	1.59	1.31	115.52	Europe	28
142	Singapore	1.59	1.31	115.85	Asia	36
143	New Zealand	1.60	1.32	116.12	Oceania	4
144	Belgium	1.62	1.33	117.64	Europe	29
145	Ireland	1.62	1.33	117.67	Europe	30
146	Malta	1.63	1.34	118.25	Europe	31
147	Switzerland	1.64	1.35	119.01	Europe	32
148	Germany	1.64	1.35	119.22	Europe	33
149	Liechtenstein	1.66	1.37	121.01	Europe	34
150	San Marino	1.68	1.38	121.78	Europe	35
151	Barbados	1.68	1.39	122.25	North America	24
152	United Kingdom	1.70	1.40	123.28	Europe	36
153	Mayotte	1.74	1.43	126.20	Africa	41
154	France	1.76	1.45	128.23	Europe	37
155	Iceland	1.79	1.48	130.20	Europe	38
156	Portugal	1.81	1.49	131.67	Europe	39
157	Sweden	1.82	1.50	132.20	Europe	40
158	Italy	1.82	1.50	132.39	Europe	41
159	Israel	1.83	1.51	132.98	Asia	37
160	Monaco	1.84	1.51	133.43	Europe	42
161	Denmark	1.85	1.53	134.58	Europe	43
162	Finland	1.85	1.53	134.84	Europe	44
163	Greece	1.87	1.54	135.64	Europe	45
164	Norway	1.97	1.63	143.41	Europe	46
165	Netherlands	2.03	1.67	147.38	Europe	47
166	Central African Rep.	2.04	1.68	148.08	Africa	42
167	Hong Kong	2.40	1.98	174.38	Asia	38

Petrol prices and GDP per capita
Rank	Country	Gasoline/Petrol Prices ($)	Per capita Income ($)	per capita/petrol prices
Rank	Country	Gasoline/Petrol Prices ($)	Per capita Income ($)	Ratio	Rank
1	Venezuela	0.02	1,739	1,196	3
2	Iran	0.06	7,257	1,613	2
3	Angola	0.25	2,021	113	76
4	Algeria	0.35	3,331	132	67
5	Kuwait	0.35	22,252	881	7
6	Sudan	0.38	735	27	122
7	Kazakhstan	0.41	8,782	296	35
8	Qatar	0.41	52,751	1,761	1
9	Turkmenistan	0.43	8,074	259	42
10	Nigeria	0.44	2,149	68	98
11	Ecuador	0.46	5,316	157	58
12	Kyrgyzstan	0.47	1,148	33	118
13	Malaysia	0.49	10,192	288	36
14	United Arab Emirates	0.49	31,948	897	6
15	Iraq	0.52	4,438	119	73
16	Saudi Arabia	0.52	19,587	521	14
17	Oman	0.53	14,423	378	25
18	Bahrain	0.53	22,878	593	11
19	Ethiopia	0.54	974	25	126
20	Bolivia	0.54	3,322	84	87
21	Egypt	0.55	3,561	90	84
22	Azerbaijan	0.59	4,125	96	81
23	Afghanistan	0.60	499	12	140
24	Dominica	0.60	7,709	177	51
25	Colombia	0.63	5,207	114	75
26	Syria	0.65	-	-	-
27	Russia	0.65	9,972	210	48
28	Indonesia	0.66	4,038	85	86
29	Burma	0.67	1,333	28	121
30	Bhutan	0.68	3,431	69	97
31	Pakistan	0.70	1,260	25	125
32	Belarus	0.71	6,134	119	72
33	Tunisia	0.72	3,295	63	101
34	Botswana	0.72	6,558	125	70
35	Haiti	0.73	732	14	137
36	Panama	0.74	14,090	264	38
37	Uzbekistan	0.75	1,763	33	117
38	USA	0.75	63,051	1,154	4
39	Vietnam	0.76	3,498	63	103
40	Liberia	0.77	654	12	139
41	Georgia	0.77	4,405	78	89
42	Puerto Rico	0.77	30,113	536	13
43	Togo	0.79	690	12	141
44	Namibia	0.80	4,052	70	94
45	Tanzania	0.82	1,106	19	131
46	Suriname	0.82	4,199	70	96
47	Sri Lanka	0.83	3,698	61	104
48	Mozambique	0.83	455	8	149
49	El Salvador	0.83	3,821	63	102
50	Guatemala	0.83	4,240	70	95
51	Sierra Leone	0.83	518	9	146
52	Lesotho	0.84	924	15	135
53	Trinidad & Tobago	0.85	16,197	263	39
54	Guyana	0.86	8,649	138	64
55	Guinea	0.88	1,019	16	133
56	Brazil	0.90	6,450	99	80
57	Argentina	0.90	8,433	129	68
58	Paraguay	0.90	4,909	75	90
59	Ghana	0.91	2,188	33	120
60	Swaziland	0.91	3,415	51	108
61	Benin	0.94	1,259	19	130
62	Taiwan	0.95	26,910	391	22
63	Nepal	0.95	1,116	16	134
64	Cambodia	0.96	1,572	23	128
65	Chad	0.96	640	9	148
66	Nicaragua	0.96	1,832	26	124
67	Ukraine	0.97	3,425	49	109
68	Zambia	0.97	1,001	14	136
69	Lebanon	0.98	2,745	39	115
70	Honduras	0.98	2,412	34	116
71	Fiji	0.98	4,371	61	106
72	Peru	0.99	5,845	81	88
73	Costa Rica	0.99	11,629	161	57
74	Rwanda	1.00	823	11	143
75	Australia	1.00	51,885	711	8
76	Seychelles	1.00	12,323	169	52
77	DR Congo	1.01	457	6	150
78	Mexico	1.01	8,069	110	78
79	Jamaica	1.02	5,221	70	93
80	Moldova	1.03	4,268	57	107
81	China	1.03	10,839	145	62
82	Bahamas	1.04	30,027	397	21
83	Bangladesh	1.05	1,888	25	127
84	Turkey	1.05	7,715	101	79
85	Morocco	1.05	3,121	41	113
86	Laos	1.06	2,567	33	119
87	South Africa	1.06	4,736	61	105
88	Dominican Republic	1.07	7,445	96	82
89	Curacao	1.07	-	-	-
90	Canada	1.07	42,080	541	12
91	Kenya	1.07	2,075	27	123
92	Saint Lucia	1.07	-	-	-
93	Malawi	1.08	399	5	153
94	Philippines	1.08	3,373	43	111
95	Uganda	1.08	915	12	142
96	Aruba	1.09	20,310	256	43
97	Madagascar	1.09	515	6	152
98	Thailand	1.11	7,295	91	83
99	Mauritius	1.11	8,951	111	77
100	Ivory Coast	1.11	-	-	-
101	Burkina Faso	1.12	769	9	147
102	Gabon	1.12	7,185	88	85
103	Cayman Islands	1.12	-	-	-
104	Grenada	1.13	9,824	120	71
105	Chile	1.15	12,612	150	61
106	Bulgaria	1.16	9,826	117	74
107	Cameroon	1.17	1,493	18	132
108	Cuba	1.20	-	-	-
109	Cape Verde	1.21	-	-	-
110	Bosnia & Herz.	1.22	5,762	65	100
111	Burundi	1.24	264	3	155
112	Mali	1.24	899	10	145
113	Northern Macedonia	1.25	6,019	66	99
114	Zimbabwe	1.26	922	10	144
115	India	1.26	1,877	20	129
116	Poland	1.27	15,304	166	53
117	Romania	1.27	12,813	139	63
118	Uruguay	1.29	15,332	164	55
119	South Korea	1.30	30,644	325	31
120	Belize	1.30	3,734	40	114
121	Japan	1.30	39,048	412	20
122	Andorra	1.31	-	-	-
123	Slovenia	1.33	25,039	259	40
124	Jordan	1.33	4,174	43	112
125	Cyprus	1.35	26,240	268	37
126	Czech Republic	1.36	22,627	230	47
127	Hungary	1.36	15,373	155	60
128	Austria	1.40	48,634	479	16
129	Albania	1.43	4,898	47	110
130	Lithuania	1.43	19,883	191	50
131	Senegal	1.44	1,455	14	138
132	Luxembourg	1.45	109,602	1,037	5
133	Serbia	1.46	7,497	71	92
134	Montenegro	1.49	7,933	73	91
135	Latvia	1.52	17,230	156	59
136	Spain	1.52	26,832	243	44
137	Yemen	1.52	645	6	151
138	Croatia	1.52	14,033	127	69
139	Wallis and Futuna	1.54	-	-	-
140	Slovakia	1.56	18,669	164	54
141	Estonia	1.59	22,986	199	49
142	Singapore	1.59	58,484	505	15
143	New Zealand	1.60	38,675	333	30
144	Belgium	1.62	43,814	372	26
145	Ireland	1.62	79,669	677	10
146	Malta	1.63	28,469	241	45
147	Switzerland	1.64	81,867	688	9
148	Germany	1.64	45,466	381	23
149	Liechtenstein	1.66	-	-	-
150	San Marino	1.68	41,683	342	29
151	Barbados	1.68	16,082	132	66
152	United Kingdom	1.70	39,229	318	32
153	Mayotte	1.74	-	-	-
154	France	1.76	39,257	306	34
155	Iceland	1.79	57,189	439	18
156	Portugal	1.81	21,608	164	56
157	Sweden	1.82	50,339	381	24
158	Italy	1.82	30,657	232	46
159	Israel	1.83	41,560	313	33
160	Monaco	1.84	-	-	-
161	Denmark	1.85	58,439	434	19
162	Finland	1.85	48,461	359	27
163	Greece	1.87	18,168	134	65
164	Norway	1.97	67,989	474	17
165	Netherlands	2.03	51,290	348	28
166	Central African Rep.	2.04	480	3	154
167	Hong Kong	2.40	45,176	259	41