List of Countries by Projected GDP

Source www.globalpetrolprices.com
Date21 Nov 2018

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 $54-$55 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 $0.33-$0.34 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 1.15 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, 55 have price below 1 USD dollar. 73 have between $1.00-$1.50, 35 have between $1.50-$2.00 and two have over $2. Prices are as per the date 19th Nov 2018.

Venezuela has cheapest price just $0.1 per liter followed by Sudan ($0.13). Among top 10 cheapest, 4 countries are located in Africa continent, 3 in Asia, 2 are in South America and 1 in Europe. Hong Kong has costliest price of $2.09 followed by Barbados and Narway.

Qatar and USA are among top 10 richest economies but has low gasoline price below $1. Even developed countries Australia and Canada has price just above $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. 52.17% European countries has price above $1.5. This figure is 8.33% in South America, 10.53% in Asia, 12.5% in North America and 5% in Africa.

Countries by Petrol Prices map
RankCountry Petrol Prices ($)Per capita Income ($) per capita/petrol pricesContinent
RatioRank NameRank
1Venezuela0.016,684668,3961South America1
2Sudan0.131,42810,98558Africa1
3Iran0.295,30518,29239Asia1
4Kuwait0.3527,31978,0534Asia2
5Algeria0.354,29212,26454Africa2
6Ecuador0.396,09815,63745South America2
7Nigeria0.411,9944,86496Africa3
8Egypt0.432,5015,81687Africa4
9Turkmenistan0.436,64315,44846Asia3
10Azerbaijan0.474,1418,81069Europe1
11Kazakhstan0.498,84118,04340Asia4
12Angola0.524,4088,47671Africa5
13Malaysia0.539,81318,51536Asia5
14Bahrain0.5324,02945,3379Asia6
15Saudi Arabia0.5421,12039,11212Asia7
16Bolivia0.543,3536,21083South America3
17Uzbekistan0.541,4912,761110Asia8
18Oman0.5817,97330,98820Asia10
19Qatar0.5860,804104,8352Asia9
20Burma0.621,2642,039119Asia11
21Iraq0.635,0888,07674Asia12
22Ethiopia0.678731,303128Africa6
23Kyrgyzstan0.671,1441,707122Asia13
24UA Emirates0.6737,22655,5616Asia14
25Tunisia0.683,4965,14292Africa7
26Russia0.6910,60815,37447Europe2
27Belarus0.725,7608,00077Europe3
28Indonesia0.733,8765,30990Asia15
29Pakistan0.731,5412,111117Asia16
30Afghanistan0.75588784139Asia17
31Colombia0.766,2738,25472South America4
32USA0.7859,50176,2835North America1
33Haiti0.81784968131North America2
34Panama0.8215,08918,40237North America3
35Puerto Rico0.8430,48836,29616North America4
36Tr.&Tobago0.8615,76918,33638North America5
37Botswana0.877,8779,05467Africa8
38Lebanon0.8711,40913,11449Asia18
39Dominica0.877,9219,10566North America6
40Liberia0.90729810138Africa9
41El Salvador0.904,4004,88995North America7
42Chad0.90810900132Africa10
43Swaziland0.913,9154,30299Africa11
44Guatemala0.914,4724,91494North America8
45Vietnam0.912,3542,586114Asia19
46Suriname0.925,7466,24682South America5
47Sri Lanka0.934,0854,39298Asia20
48Taiwan0.9424,57726,14528Asia21
49Togo0.94611650142Africa12
50Sierra Leone0.95491517146Africa13
51Bhutan0.962,9033,024108Asia22
52Georgia0.964,0994,269101Europe4
53Benin0.98830847136Africa14
54Cambodia0.991,3901,404127Asia23
55Namibia0.995,4135,46888Africa15
56Lesotho1.001,4251,425126Africa16
57Nepal1.00834834137Asia24
58Nicaragua1.012,2072,185116North America9
59Canada1.0245,07744,19410North America10
60Mexico1.039,3049,03368North America11
61Philippines1.032,9762,890109Asia25
62Burkina Faso1.03664644143Africa17
63Tanzania1.041,034994130Africa18
64Honduras1.042,7662,660112North America12
65Australia1.0455,70753,5657Oceania1
66Fiji1.065,7405,41589Oceania2
67Bangladesh1.071,6021,497124Asia26
68Ghana1.081,6631,540123Africa19
69Guinea1.09749688140Africa20
70Peru1.096,7626,20484South America6
71Cameroon1.101,4011,273129Africa21
72Guyana1.104,7104,282100South America7
73Thailand1.106,5915,99186Asia27
74Moldova1.102,2802,072118Europe5
75Ivory Coast1.10---Africa22
76Paraguay1.104,2603,872104South America8
77India1.111,9831,786121Asia28
78China1.118,6437,78778Asia29
79Uganda1.11699630144Africa23
80Argentina1.1314,46712,80251South America9
81Madagascar1.14448393147Africa24
82Saint Lucia1.14---North America13
83Mozambique1.15429373148Africa25
84Kenya1.151,7021,480125Africa26
85Ukraine1.162,5832,227115Europe6
86Costa Rica1.1611,68510,07362North America14
87Gabon1.177,9726,81379Africa27
88Domin. Rep.1.187,3756,25081North America15
89Aruba1.19---North America16
90South Africa1.196,1805,19391Africa28
91Senegal1.191,038872133Africa29
92Turkey1.2010,5128,76070Asia30
93Morocco1.213,1512,604113Africa30
94Cuba1.22---North America17
95Brazil1.239,8958,04575South America10
96Mali1.23811659141Africa31
97Burundi1.24312252152Africa32
98Macedonia1.245,4744,41597Europe7
99Laos1.272,5422,002120Asia31
100Jamaica1.285,0483,944103North America18
101Rwanda1.28772603145Africa33
102Malawi1.28324253151Africa34
103Grenada1.2910,3608,03176North America19
104Cayman Isl.1.30---North America20
105Chile1.3115,07011,50456South America11
106Andorra1.31---Europe8
107DR Congo1.31478365149Africa35
108Romania1.3210,7578,14973Europe9
109Bulgaria1.328,0646,10985Europe10
110Hungary1.3315,53111,67855Europe11
111Bahamas1.3331,25523,50031North America21
112Poland1.3413,82310,31560Europe12
113Luxembourg1.35105,80378,3733Europe13
114Japan1.3538,44028,47421Asia32
115Lithuania1.3516,73012,39352Europe14
116Bosnia & Herz.1.365,1493,786106Europe15
117South Korea1.3729,89121,81834Asia33
118Cape Verde1.37---Africa36
119Zimbabwe1.381,176852135Africa37
120Croatia1.4213,1389,25264Europe16
121Mauritius1.449,7946,80180Africa38
122Slovenia1.4523,65416,31344Europe17
123Cyprus1.4524,97617,22542Europe18
124Czech Rep.1.4620,15213,80348Europe19
125Spain1.4728,35919,29235Europe20
126Latvia1.4715,54710,57659Europe21
127Serbia1.485,8993,986102Europe22
128Jordan1.495,6783,810105Asia34
129Austria1.5047,29031,52719Europe23
130C.A. Republic1.51---North America22
131Montenegro1.527,6475,03193Europe24
132New Zealand1.5341,59327,18524Oceania3
133Estonia1.5319,84012,96750Europe25
134Slovakia1.5417,66411,47057Europe26
135Belize1.544,8063,121107North America23
136Malta1.5527,25017,58141Europe27
137Belgium1.5743,58227,75922Europe28
138Singapore1.5857,71336,52715Asia35
139Yemen1.58551349150Asia36
140UK1.6339,73524,37729Europe29
141Sweden1.6453,21832,45018Europe30
142Switzerland1.6680,59148,5498Europe31
143Germany1.6744,55026,67626Europe32
144France1.6839,86923,73230Europe33
145Albania1.684,5832,728111Europe34
146Uruguay1.6916,7229,89563South America12
147San Marino1.7147,40627,72323Europe36
148Ireland1.7170,63841,30911Europe35
149Zambia1.721,480860134Africa39
150Portugal1.7221,16112,30353Europe37
151Denmark1.7356,44432,62717Europe38
152Finland1.7546,01726,29527Europe39
153Liechtenstein1.76---Europe40
154Mayotte1.79---Africa40
155Israel1.7940,25822,49132Asia37
156Netherlands1.8148,34626,71025Europe41
157Greece1.8218,63710,24061Europe42
158Iceland1.8570,33238,01714Europe43
159Italy1.8731,98417,10443Europe44
160Monaco1.87---Europe45
161Wallis and Futuna Islands1.89---Oceania4
162Norway1.9274,94139,03213Europe46
163Barbados1.9617,8599,11265North America24
164Hong Kong2.0946,10922,06233Asia38