The cheapest gasoline in the world is sold in Venezuela, where the cost of a liter of fuel is much cheaper than bottled water. This allows us to say a study of experts who covered more than 60 countries, showing the average price per liter of 95th gasoline in 2016.
The rating includes 10 countries with the cheapest gasoline in the world. The cost of the oil product is indicated in US dollars.
10
Pakistan Price 1 liter 0,69 $
Pakistan opens the top ten countries with the cheapest gasoline in the world. The price per liter of fuel in the country is $ 0.69.Pakistan is considered one of the poorest countries in the world. The economy of Pakistan is based on the export of oil and gas, which explains the relatively low cost of fuel.
9
Indonesia Price 1 liter 0.59 $
Indonesia is one of the cheapest countries with low gasoline prices. The cost of a liter of fuel in the state is $ 0.59.The basis of the economy of Indonesia is the extraction and processing of oil and gas, which played a role in setting fuel prices.
8
Russia Price 1 liter 0.59 $
Russia , as statistics show, is not selling the most expensive gasoline in the world. The cost per liter of AI 95 on average is $ 0.59.In Russia, unlike most European countries, the dynamics of gasoline prices traditionally runs counter to the dynamics of the price of oil. For the year, the cost of fuel increased by almost 5%, which, however, did not prevent the state from taking the second place among the countries of Europe at gasoline prices. As follows from the rating results, as of early 2016, together with other countries of the Customs Union, fuel in Russia remains the cheapest in the European part of the world. But, taking into account the population's incomes, gasoline in Russia is the least affordable in Europe. On the level of availability of fuel, Russia is on the 33rd place. A liter of fuel costs 2.35% of the average income per day, which, according to the agency, is 1386 rubles. A year the Russian spends 2.41% of his salary on gasoline on average, this is one of the highest rates in the world.
7
Nigeria Price 1 liter 0,46 $
Nigeria has the cheapest gasoline in the world. For a liter of fuel, a local resident spends about 0.46 US dollars. This is because 75% of Nigeria's government revenues are provided by oil and used to subsidize extremely cheap gasoline.
6
UAE Price 1 liter 0,45 $
UAE sells very cheap gasoline with a cost per liter of $ 0.45.Judging by the general information, the cost of oil production costs about 2-5 dollars per barrel. And while it should be noted that this is a good "dark" brand oil, and not "light or light" WTI oil. Considering such prime cost and quality of extracted "black gold", by itself it is possible to sell it at low prices and to process it into gasoline is profitable. In addition, the state is the 7th largest oil reserves in the world. The 17th place in the world is occupied by the UAE in natural gas reserves. Thanks to the economic policy of the Government of the United Arab Emirates, the country has very low gasoline prices.
5
Malaysia Price 1 liter 0,41 $
Malaysia is among the top ten states with the lowest prices for fuel. The cost of a liter of gasoline does not exceed 0.41 dollars per liter. The small prices for fuel are explained by their own rather large reserves of oil.
4
Kuwait Price 1 liter 0,35 $
Kuwait is the country where one of the cheapest gasoline in the world is sold. The cost of a liter of fuel here is on average $ 0.35.Kuwait is considered one of the richest small states in the world with huge oil reserves. It ranks 5th in terms of oil reserves on a global scale. For all of Kuwait's revenues, 95 percent is the sale of oil. The Arab state ranks 11th in the world as the richest country.
3
Iran Price 1 liter 0,34 $
In Iran sells one of the cheapest gasolines in the world. As you know, there is a lot of oil in Iran, that's why in eight years they sit here on scooters, and go to the store only by cars. In a word, an extremely motorized country. For diesel fuel, local people have to pay scanty amounts of $ 0.34 per liter. Gas stations are not found often here, and DTs can be found far from every gas station, the columns with it are taken out for the territory."Heavy fuel" refuel only trucks and buses, cars work exclusively on gasoline.
2
Saudi Arabia Price 1 liter 0,24 $
Saudi Arabia has the cheapest gasoline, both among Arab countries and in the world. On average, the price per liter of fuel here is 0.24 US dollars. This state is the largest exporter of oil in the world. The budget of Saudi Arabia is 70 percent of oil revenues. Due to this, the state authorities can not impose large taxes on the producers of gasoline and diesel fuel.
In the face of constant price increases in the market, the King of Saudi Arabia regularly reduces the cost of gasoline inside the country, helping the residents to save significantly.
1
Venezuela Price 1 liter 0,01 $
Venezuela delivers to the market the cheapest gasoline in the world with an average cost of 0.01 US dollars per liter. For 17 years, the price of gasoline in the country has not risen, while in many countries they have grown 4-5 times. The government of this country artificially supports such a low cost of gasoline. Even in certain conflict situations, everything is decided in favor of citizens who believe that if the country produces oil in large quantities, then the price of gasoline should be cheap. At the gas station, drivers sometimes give more tips than they pay for a full tank. Everyone in Venezuela has his own car and drives it daily.
What affects the cost of gasoline in the world
The cost of fuel depends on a number of factors. Many countries do not have their own oil fields and must buy it on the market. The price of gasoline is also affected by financial crises, tax increases, as well as the presence or absence of own enterprises for processing oil products.
In some countries, low fuel prices have developed historically, and if they increase, mass protests among the population are inevitable. In Iran, for example, even imposed restrictions on the sale of fuel due to the fact that people bought gasoline inside the country cheaply and took him abroad to sell more expensive.
Much depends also on the domestic policy of the state. For example, Norway is also an exporter of oil and oil products, but gasoline prices in the country are the highest in Europe - $ 2.60 per liter. The high cost of fuel in this state is associated with a high standard of living for citizens.
