Countries by Petrol Prices and GDP per capita

Source www.globalpetrolprices.com
Date27 Feb 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 $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.

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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.

Countries by Petrol Prices map
RankCountry Petrol Prices ($)Per capita Income ($) per capita/petrol pricesContinent
RatioRank NameRank
1Venezuela0.013,300330,0361South America1
2Sudan0.137926,09287Africa1
3Iran0.295,22218,00745Asia1
4Kuwait0.3431,91691,1873Asia2
5Algeria0.354,45012,71455Africa2
6Nigeria0.402,0505,00097Africa3
7Turkmenistan0.437,41217,23746Asia3
8Qatar0.4367,818116,9282Asia4
9Egypt0.432,5725,98289Africa4
10Azerbaijan0.474,5879,75964Europe1
11Kazakhstan0.489,97720,36237Asia5
12Ecuador0.496,30116,15747South America2
13Malaysia0.5010,70420,19538Asia6
14Burma0.501,3542,184118Asia7
15UA Emirates0.5041,47661,9056Asia8
16Angola0.523,9247,54777Africa5
17Bahrain0.5326,53250,0609Asia9
18Saudi Arabia0.5423,18742,93812Asia11
19Bolivia0.543,7196,88882South America3
20Oman0.5419,17033,05219Asia12
21Uzbekistan0.541,3262,456117Asia10
22Kyrgyzstan0.631,2541,872122Asia13
23Iraq0.635,7939,19670Asia14
24Afghanistan0.67565754140Asia15
25Pakistan0.671,5272,092121Asia16
26Indonesia0.683,7895,19095Asia17
27Russia0.6810,95015,87048Europe2
28Tunisia0.683,5735,25594Africa6
29USA0.7162,51880,1515North America1
30Ethiopia0.728911,329130Africa7
31Belarus0.736,0208,36174Europe3
32Panama0.7315,87719,36341North America2
33Colombia0.746,7618,89671South America4
34Lebanon0.7512,45414,31551Asia18
35Bhutan0.763,2113,345107Asia20
36Vietnam0.762,5532,805113Asia19
37Lesotho0.771,4661,466128Africa8
38Benin0.78923942136Africa9
39Puerto Rico0.7832,00438,10016North America3
40Haiti0.808741,079132North America4
41Guatemala0.824,5835,03696North America5
42El Salvador0.834,0414,490103North America6
43Sri Lanka0.844,2654,586101Asia21
44Sierra Leone0.84496522148Africa10
45Tr.&Tobago0.8516,93119,68740North America7
46Botswana0.878,1689,38866Africa11
47Dominica0.876,8607,88575North America8
48Namibia0.875,9245,98388Africa12
49Taiwan0.8925,53427,16428Asia22
50Chad0.89890988134Africa13
51Georgia0.904,5064,69499Europe4
52Liberia0.90663737141Africa14
53Cambodia0.921,4851,500127Asia23
54Swaziland0.924,0934,498102Africa15
55Suriname0.926,5067,07281South America5
56Tanzania0.921,0901,048133Africa16
57Canada0.9346,73345,81710North America9
58Nicaragua0.942,1272,106120North America10
59Togo0.94668711144Africa17
60Honduras0.952,8292,720115North America11
61Costa Rica0.9612,09510,42761North America12
62Philippines0.973,0993,009110Asia24
63Nepal0.97971971135Asia25
64Kenya0.981,8651,622126Africa18
65South Africa0.996,5605,51392Africa19
66Fiji0.995,8775,54491Oceania1
67Australia0.9956,69854,5177Oceania2
68Ghana1.001,7871,654124Africa20
69Mexico1.009,6149,33468North America13
70Ukraine1.012,9642,555116Europe5
71China1.039,6338,67872Asia26
72Ivory Coast1.03---Africa21
73India1.042,0161,816123Asia27
74Guyana1.044,6494,226104South America6
75Guinea1.04865794139Africa22
76Aruba1.0524,88120,90936North America14
77Peru1.057,1186,53185South America7
78Argentina1.0510,6679,44065South America8
79Bangladesh1.061,7361,623125Asia28
80Thailand1.077,0846,44086Asia29
81Brazil1.079,1277,42078South America9
82Morocco1.073,3552,773114Africa23
83Paraguay1.085,9345,39493South America10
84Cameroon1.091,5451,405129Africa24
85Moldova1.103,2272,933111Europe6
86Uganda1.11717646145Africa25
87Mozambique1.12481418149Africa26
88Bahamas1.1234,33325,81430North America15
89Gabon1.128,3857,16680Africa27
90Burkina Faso1.12734713143Africa28
91Bulgaria1.139,0806,87983Europe7
92Cape Verde1.13---Africa29
93Grenada1.1411,0328,55273North America16
94Domin. Rep.1.147,8916,68884North America17
95Saint Lucia1.14---North America18
96Rwanda1.15800625146Africa30
97Macedonia1.155,9534,80198Europe8
98Madagascar1.16475416150Africa31
99Laos1.162,6902,118119Asia30
100Jamaica1.185,3934,214105North America19
101Chile1.1916,14312,32356South America11
102South Korea1.1932,04623,39132Asia31
103Malawi1.19349273152Africa32
104Senegal1.191,4851,248131Africa33
105Turkey1.218,7167,26379Asia32
106Mali1.22892725142Africa34
107Cuba1.22---North America20
108Japan1.2240,10629,70823Asia33
109Lithuania1.2318,85713,96852Europe9
110Cayman Isl.1.23---North America21
111Andorra1.24---Europe10
112Poland1.2414,46910,79860Europe11
113Hungary1.2516,01612,04257Europe12
114Romania1.2712,1899,23469Europe13
115Jordan1.284,2282,837112Asia34
116Cyprus1.2827,86519,21742Europe14
117Bosnia & Herz.1.295,7044,194106Europe15
118Luxembourg1.31113,95484,4114Europe16
119Burundi1.32307248153Africa35
120Czech Rep.1.3223,08515,81249Europe17
121Latvia1.3317,63411,99658Europe18
122Austria1.3351,70834,47218Europe19
123Belize1.354,8303,136108North America22
124Mauritius1.3611,0157,64976Africa36
125Serbia1.376,8154,605100Europe20
126DR Congo1.39478365151Africa37
127Montenegro1.398,6445,68790Europe21
128Spain1.4131,06021,12935Europe25
129Slovenia1.4126,58618,33544Europe24
130Estonia1.4122,41714,65150Europe23
131Slovakia1.4119,64212,75554Europe22
132Croatia1.4414,63710,30862Europe26
133New Zealand1.4841,61627,20027Oceania3
134C.A. Republic1.49---North America23
135Switzerland1.5083,58350,3518Europe27
136Germany1.5148,67029,14325Europe28
137Singapore1.5161,23038,75315Asia35
138Ireland1.5275,19243,97211Europe29
139UK1.5342,26125,92729Europe30
140Malta1.5330,55519,71339Europe31
141Liechtenstein1.54---Europe32
142Belgium1.5446,97929,92321Europe33
143San Marino1.5550,90429,76822Europe34
144Albania1.575,2613,131109Europe35
145Yemen1.58926586147Asia36
146Finland1.6150,06828,61026Europe36
147Portugal1.6423,17613,47453Europe37
148Israel1.6441,18023,00534Asia37
149Mayotte1.65---Africa38
150Sweden1.6653,86732,84620Europe38
151France1.6742,93125,55431Europe39
152Uruguay1.7017,38010,28463South America12
153Zambia1.711,450843138Africa39
154Italy1.7334,34918,36943Europe40
155Greece1.7420,31111,16059Europe41
156Denmark1.7461,22735,39117Europe42
157Iceland1.7875,70040,91914Europe43
158Barbados1.7818,3669,37067North America24
159Netherlands1.7952,93129,24424Europe44
160Norway1.8682,37242,90213Europe45
161Wallis and Futuna Islands1.89---Oceania4
162Monaco1.98---Europe46
163Hong Kong2.1448,23123,07733Asia38
164Zimbabwe3.341,269920137Africa40