Countries by Petrol Prices and GDP per capita

Source	www.globalpetrolprices.com
Date	27 Feb 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 $56-$57 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 $0.35-$0.36 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 1.10 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, 67 have price below 1 USD dollar. 67 have between $1.00-$1.50, 28 have between $1.50-$2.00 and two have over $2. Prices are as per the date 25th Feb 2019.

Venezuela has cheapest price just $0.1 per liter followed by Sudan ($0.13). Among top 10 cheapest, 4 countries are located in Africa and Asia continent each, one each in South America and Europe. Zimbabwe has costliest price of $3.34 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 four countries has less than one dollar. Azerbaijan has cheapest rate in Europe. Other three having below $1 are Russia, Belarus and Georgia. 20 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, 1 out of 24 in North America and 2 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	Sudan	0.13	792	6,092	87	Africa	1
3	Iran	0.29	5,222	18,007	45	Asia	1
4	Kuwait	0.34	31,916	91,187	3	Asia	2
5	Algeria	0.35	4,450	12,714	55	Africa	2
6	Nigeria	0.40	2,050	5,000	97	Africa	3
7	Turkmenistan	0.43	7,412	17,237	46	Asia	3
8	Qatar	0.43	67,818	116,928	2	Asia	4
9	Egypt	0.43	2,572	5,982	89	Africa	4
10	Azerbaijan	0.47	4,587	9,759	64	Europe	1
11	Kazakhstan	0.48	9,977	20,362	37	Asia	5
12	Ecuador	0.49	6,301	16,157	47	South America	2
13	Malaysia	0.50	10,704	20,195	38	Asia	6
14	Burma	0.50	1,354	2,184	118	Asia	7
15	UA Emirates	0.50	41,476	61,905	6	Asia	8
16	Angola	0.52	3,924	7,547	77	Africa	5
17	Bahrain	0.53	26,532	50,060	9	Asia	9
18	Saudi Arabia	0.54	23,187	42,938	12	Asia	11
19	Bolivia	0.54	3,719	6,888	82	South America	3
20	Oman	0.54	19,170	33,052	19	Asia	12
21	Uzbekistan	0.54	1,326	2,456	117	Asia	10
22	Kyrgyzstan	0.63	1,254	1,872	122	Asia	13
23	Iraq	0.63	5,793	9,196	70	Asia	14
24	Afghanistan	0.67	565	754	140	Asia	15
25	Pakistan	0.67	1,527	2,092	121	Asia	16
26	Indonesia	0.68	3,789	5,190	95	Asia	17
27	Russia	0.68	10,950	15,870	48	Europe	2
28	Tunisia	0.68	3,573	5,255	94	Africa	6
29	USA	0.71	62,518	80,151	5	North America	1
30	Ethiopia	0.72	891	1,329	130	Africa	7
31	Belarus	0.73	6,020	8,361	74	Europe	3
32	Panama	0.73	15,877	19,363	41	North America	2
33	Colombia	0.74	6,761	8,896	71	South America	4
34	Lebanon	0.75	12,454	14,315	51	Asia	18
35	Bhutan	0.76	3,211	3,345	107	Asia	20
36	Vietnam	0.76	2,553	2,805	113	Asia	19
37	Lesotho	0.77	1,466	1,466	128	Africa	8
38	Benin	0.78	923	942	136	Africa	9
39	Puerto Rico	0.78	32,004	38,100	16	North America	3
40	Haiti	0.80	874	1,079	132	North America	4
41	Guatemala	0.82	4,583	5,036	96	North America	5
42	El Salvador	0.83	4,041	4,490	103	North America	6
43	Sri Lanka	0.84	4,265	4,586	101	Asia	21
44	Sierra Leone	0.84	496	522	148	Africa	10
45	Tr.&Tobago	0.85	16,931	19,687	40	North America	7
46	Botswana	0.87	8,168	9,388	66	Africa	11
47	Dominica	0.87	6,860	7,885	75	North America	8
48	Namibia	0.87	5,924	5,983	88	Africa	12
49	Taiwan	0.89	25,534	27,164	28	Asia	22
50	Chad	0.89	890	988	134	Africa	13
51	Georgia	0.90	4,506	4,694	99	Europe	4
52	Liberia	0.90	663	737	141	Africa	14
53	Cambodia	0.92	1,485	1,500	127	Asia	23
54	Swaziland	0.92	4,093	4,498	102	Africa	15
55	Suriname	0.92	6,506	7,072	81	South America	5
56	Tanzania	0.92	1,090	1,048	133	Africa	16
57	Canada	0.93	46,733	45,817	10	North America	9
58	Nicaragua	0.94	2,127	2,106	120	North America	10
59	Togo	0.94	668	711	144	Africa	17
60	Honduras	0.95	2,829	2,720	115	North America	11
61	Costa Rica	0.96	12,095	10,427	61	North America	12
62	Philippines	0.97	3,099	3,009	110	Asia	24
63	Nepal	0.97	971	971	135	Asia	25
64	Kenya	0.98	1,865	1,622	126	Africa	18
65	South Africa	0.99	6,560	5,513	92	Africa	19
66	Fiji	0.99	5,877	5,544	91	Oceania	1
67	Australia	0.99	56,698	54,517	7	Oceania	2
68	Ghana	1.00	1,787	1,654	124	Africa	20
69	Mexico	1.00	9,614	9,334	68	North America	13
70	Ukraine	1.01	2,964	2,555	116	Europe	5
71	China	1.03	9,633	8,678	72	Asia	26
72	Ivory Coast	1.03	-	-	-	Africa	21
73	India	1.04	2,016	1,816	123	Asia	27
74	Guyana	1.04	4,649	4,226	104	South America	6
75	Guinea	1.04	865	794	139	Africa	22
76	Aruba	1.05	24,881	20,909	36	North America	14
77	Peru	1.05	7,118	6,531	85	South America	7
78	Argentina	1.05	10,667	9,440	65	South America	8
79	Bangladesh	1.06	1,736	1,623	125	Asia	28
80	Thailand	1.07	7,084	6,440	86	Asia	29
81	Brazil	1.07	9,127	7,420	78	South America	9
82	Morocco	1.07	3,355	2,773	114	Africa	23
83	Paraguay	1.08	5,934	5,394	93	South America	10
84	Cameroon	1.09	1,545	1,405	129	Africa	24
85	Moldova	1.10	3,227	2,933	111	Europe	6
86	Uganda	1.11	717	646	145	Africa	25
87	Mozambique	1.12	481	418	149	Africa	26
88	Bahamas	1.12	34,333	25,814	30	North America	15
89	Gabon	1.12	8,385	7,166	80	Africa	27
90	Burkina Faso	1.12	734	713	143	Africa	28
91	Bulgaria	1.13	9,080	6,879	83	Europe	7
92	Cape Verde	1.13	-	-	-	Africa	29
93	Grenada	1.14	11,032	8,552	73	North America	16
94	Domin. Rep.	1.14	7,891	6,688	84	North America	17
95	Saint Lucia	1.14	-	-	-	North America	18
96	Rwanda	1.15	800	625	146	Africa	30
97	Macedonia	1.15	5,953	4,801	98	Europe	8
98	Madagascar	1.16	475	416	150	Africa	31
99	Laos	1.16	2,690	2,118	119	Asia	30
100	Jamaica	1.18	5,393	4,214	105	North America	19
101	Chile	1.19	16,143	12,323	56	South America	11
102	South Korea	1.19	32,046	23,391	32	Asia	31
103	Malawi	1.19	349	273	152	Africa	32
104	Senegal	1.19	1,485	1,248	131	Africa	33
105	Turkey	1.21	8,716	7,263	79	Asia	32
106	Mali	1.22	892	725	142	Africa	34
107	Cuba	1.22	-	-	-	North America	20
108	Japan	1.22	40,106	29,708	23	Asia	33
109	Lithuania	1.23	18,857	13,968	52	Europe	9
110	Cayman Isl.	1.23	-	-	-	North America	21
111	Andorra	1.24	-	-	-	Europe	10
112	Poland	1.24	14,469	10,798	60	Europe	11
113	Hungary	1.25	16,016	12,042	57	Europe	12
114	Romania	1.27	12,189	9,234	69	Europe	13
115	Jordan	1.28	4,228	2,837	112	Asia	34
116	Cyprus	1.28	27,865	19,217	42	Europe	14
117	Bosnia & Herz.	1.29	5,704	4,194	106	Europe	15
118	Luxembourg	1.31	113,954	84,411	4	Europe	16
119	Burundi	1.32	307	248	153	Africa	35
120	Czech Rep.	1.32	23,085	15,812	49	Europe	17
121	Latvia	1.33	17,634	11,996	58	Europe	18
122	Austria	1.33	51,708	34,472	18	Europe	19
123	Belize	1.35	4,830	3,136	108	North America	22
124	Mauritius	1.36	11,015	7,649	76	Africa	36
125	Serbia	1.37	6,815	4,605	100	Europe	20
126	DR Congo	1.39	478	365	151	Africa	37
127	Montenegro	1.39	8,644	5,687	90	Europe	21
128	Spain	1.41	31,060	21,129	35	Europe	25
129	Slovenia	1.41	26,586	18,335	44	Europe	24
130	Estonia	1.41	22,417	14,651	50	Europe	23
131	Slovakia	1.41	19,642	12,755	54	Europe	22
132	Croatia	1.44	14,637	10,308	62	Europe	26
133	New Zealand	1.48	41,616	27,200	27	Oceania	3
134	C.A. Republic	1.49	-	-	-	North America	23
135	Switzerland	1.50	83,583	50,351	8	Europe	27
136	Germany	1.51	48,670	29,143	25	Europe	28
137	Singapore	1.51	61,230	38,753	15	Asia	35
138	Ireland	1.52	75,192	43,972	11	Europe	29
139	UK	1.53	42,261	25,927	29	Europe	30
140	Malta	1.53	30,555	19,713	39	Europe	31
141	Liechtenstein	1.54	-	-	-	Europe	32
142	Belgium	1.54	46,979	29,923	21	Europe	33
143	San Marino	1.55	50,904	29,768	22	Europe	34
144	Albania	1.57	5,261	3,131	109	Europe	35
145	Yemen	1.58	926	586	147	Asia	36
146	Finland	1.61	50,068	28,610	26	Europe	36
147	Portugal	1.64	23,176	13,474	53	Europe	37
148	Israel	1.64	41,180	23,005	34	Asia	37
149	Mayotte	1.65	-	-	-	Africa	38
150	Sweden	1.66	53,867	32,846	20	Europe	38
151	France	1.67	42,931	25,554	31	Europe	39
152	Uruguay	1.70	17,380	10,284	63	South America	12
153	Zambia	1.71	1,450	843	138	Africa	39
154	Italy	1.73	34,349	18,369	43	Europe	40
155	Greece	1.74	20,311	11,160	59	Europe	41
156	Denmark	1.74	61,227	35,391	17	Europe	42
157	Iceland	1.78	75,700	40,919	14	Europe	43
158	Barbados	1.78	18,366	9,370	67	North America	24
159	Netherlands	1.79	52,931	29,244	24	Europe	44
160	Norway	1.86	82,372	42,902	13	Europe	45
161	Wallis and Futuna Islands	1.89	-	-	-	Oceania	4
162	Monaco	1.98	-	-	-	Europe	46
163	Hong Kong	2.14	48,231	23,077	33	Asia	38
164	Zimbabwe	3.34	1,269	920	137	Africa	40