Countries by Petrol Prices

Source www.globalpetrolprices.com
Date18 Feb 2021

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
USD ($)EURO (€)INR (₹) NameRank
1Venezuela0.020.021.45South America1
2Iran0.060.054.50Asia1
3Angola0.250.2017.82Africa1
4Algeria0.350.2925.15Africa2
5Kuwait0.350.2925.26Asia2
6Sudan0.380.3127.53Africa3
7Kazakhstan0.410.3429.70Asia3
8Qatar0.410.3429.96Asia4
9Turkmenistan0.430.3531.13Asia5
10Nigeria0.440.3631.61Africa4
11Ecuador0.460.3833.77South America2
12Kyrgyzstan0.470.3934.35Asia6
13Malaysia0.490.4035.34Asia7
14United Arab Emirates0.490.4035.64Asia8
15Iraq0.520.4237.42Asia9
16Saudi Arabia0.520.4337.61Asia10
17Oman0.530.4338.16Asia11
18Bahrain0.530.4438.58Asia12
19Ethiopia0.540.4439.08Africa5
20Bolivia0.540.4539.39South America3
21Egypt0.550.4539.63Africa6
22Azerbaijan0.590.4942.78Europe1
23Afghanistan0.600.4943.34Asia13
24Dominica0.600.4943.54North America1
25Colombia0.630.5245.77South America4
26Syria0.650.5447.37Asia14
27Russia0.650.5447.40Europe2
28Indonesia0.660.5447.71Asia15
29Burma0.670.5548.38Asia16
30Bhutan0.680.5649.56Asia17
31Pakistan0.700.5851.14Asia18
32Belarus0.710.5951.60Europe3
33Tunisia0.720.5952.41Africa7
34Botswana0.720.5952.42Africa8
35Haiti0.730.6053.19North America2
36Panama0.740.6153.44North America3
37Uzbekistan0.750.6154.21Asia19
38USA0.750.6254.65North America4
39Vietnam0.760.6355.29Asia20
40Liberia0.770.6355.66Africa9
41Georgia0.770.6456.12Europe4
42Puerto Rico0.770.6456.14North America5
43Togo0.790.6557.21Africa10
44Namibia0.800.6657.87Africa11
45Tanzania0.820.6759.24Africa12
46Suriname0.820.6859.75South America5
47Sri Lanka0.830.6860.26Asia21
48Mozambique0.830.6860.41Africa13
49El Salvador0.830.6960.46North America6
50Guatemala0.830.6960.54North America7
51Sierra Leone0.830.6960.55Africa14
52Lesotho0.840.6961.28Africa15
53Trinidad & Tobago0.850.7061.68North America8
54Guyana0.860.7162.46South America6
55Guinea0.880.7263.65Africa16
56Brazil0.900.7465.45South America7
57Argentina0.900.7465.54South America8
58Paraguay0.900.7465.56South America9
59Ghana0.910.7566.09Africa17
60Swaziland0.910.7566.32Africa18
61Benin0.940.7767.98Africa19
62Taiwan0.950.7868.78Asia22
63Nepal0.950.7868.98Asia23
64Cambodia0.960.7969.55Asia24
65Chad0.960.7969.73Africa20
66Nicaragua0.960.7969.83North America9
67Ukraine0.970.8070.31Europe5
68Zambia0.970.8070.56Africa21
69Lebanon0.980.8171.27Asia25
70Honduras0.980.8171.27North America10
71Fiji0.980.8171.50Oceania1
72Peru0.990.8271.99South America10
73Costa Rica0.990.8272.31North America11
74Rwanda1.000.8272.35Africa22
75Australia1.000.8372.97Oceania2
76Seychelles1.000.8372.98Africa23
77DR Congo1.010.8373.31Africa24
78Mexico1.010.8473.68North America12
79Jamaica1.020.8474.18North America13
80Moldova1.030.8574.72Europe6
81China1.030.8574.74Asia26
82Bahamas1.040.8675.69North America14
83Bangladesh1.050.8776.41Asia27
84Turkey1.050.8776.58Europe7
85Morocco1.050.8776.67Africa25
86Laos1.060.8776.91Asia28
87South Africa1.060.8877.21Africa26
88Dominican Republic1.070.8877.47North America15
89Curacao1.070.8877.53North America16
90Canada1.070.8877.82North America17
91Kenya1.070.8877.88Africa27
92Saint Lucia1.070.8878.03North America18
93Malawi1.080.8978.35Africa28
94Philippines1.080.8978.64Asia29
95Uganda1.080.8978.76Africa29
96Aruba1.090.9079.31North America19
97Madagascar1.090.9079.55Africa30
98Thailand1.110.9180.42Asia30
99Mauritius1.110.9180.44Africa31
100Ivory Coast1.110.9280.77Africa32
101Burkina Faso1.120.9281.45Africa33
102Gabon1.120.9281.45Africa34
103Cayman Islands1.120.9381.71North America20
104Grenada1.130.9382.04North America21
105Chile1.150.9583.81South America11
106Bulgaria1.160.9584.16Europe8
107Cameroon1.170.9684.81Africa35
108Cuba1.200.9987.26North America22
109Cape Verde1.211.0088.17Africa36
110Bosnia & Herz.1.221.0088.50Europe9
111Burundi1.241.0289.89Africa37
112Mali1.241.0290.33Africa38
113Northern Macedonia1.251.0390.98Europe10
114Zimbabwe1.261.0491.47Africa39
115India1.261.0491.76Asia31
116Poland1.271.0592.24Europe11
117Romania1.271.0592.39Europe12
118Uruguay1.291.0693.76South America12
119South Korea1.301.0794.23Asia32
120Belize1.301.0794.38North America23
121Japan1.301.0794.75Asia33
122Andorra1.311.0895.31Europe13
123Slovenia1.331.1096.81Europe14
124Jordan1.331.1096.93Asia34
125Cyprus1.351.1197.87Europe15
126Czech Republic1.361.1298.58Europe16
127Hungary1.361.1299.12Europe17
128Austria1.401.15101.49Europe18
129Albania1.431.17103.64Europe19
130Lithuania1.431.18104.05Europe20
131Senegal1.441.18104.33Africa40
132Luxembourg1.451.20105.72Europe21
133Serbia1.461.20105.85Europe22
134Montenegro1.491.23108.55Europe23
135Latvia1.521.25110.22Europe24
136Spain1.521.25110.37Europe25
137Yemen1.521.25110.38Asia35
138Croatia1.521.26110.74Europe26
139Wallis and Futuna1.541.27112.28Oceania3
140Slovakia1.561.29113.58Europe27
141Estonia1.591.31115.52Europe28
142Singapore1.591.31115.85Asia36
143New Zealand1.601.32116.12Oceania4
144Belgium1.621.33117.64Europe29
145Ireland1.621.33117.67Europe30
146Malta1.631.34118.25Europe31
147Switzerland1.641.35119.01Europe32
148Germany1.641.35119.22Europe33
149Liechtenstein1.661.37121.01Europe34
150San Marino1.681.38121.78Europe35
151Barbados1.681.39122.25North America24
152United Kingdom1.701.40123.28Europe36
153Mayotte1.741.43126.20Africa41
154France1.761.45128.23Europe37
155Iceland1.791.48130.20Europe38
156Portugal1.811.49131.67Europe39
157Sweden1.821.50132.20Europe40
158Italy1.821.50132.39Europe41
159Israel1.831.51132.98Asia37
160Monaco1.841.51133.43Europe42
161Denmark1.851.53134.58Europe43
162Finland1.851.53134.84Europe44
163Greece1.871.54135.64Europe45
164Norway1.971.63143.41Europe46
165Netherlands2.031.67147.38Europe47
166Central African Rep.2.041.68148.08Africa42
167Hong Kong2.401.98174.38Asia38

Petrol prices and GDP per capita

Rank Country Gasoline/Petrol Prices ($) Per capita Income ($) per capita/petrol prices
RatioRank
1Venezuela0.021,7391,1963
2Iran0.067,2571,6132
3Angola0.252,02111376
4Algeria0.353,33113267
5Kuwait0.3522,2528817
6Sudan0.3873527122
7Kazakhstan0.418,78229635
8Qatar0.4152,7511,7611
9Turkmenistan0.438,07425942
10Nigeria0.442,1496898
11Ecuador0.465,31615758
12Kyrgyzstan0.471,14833118
13Malaysia0.4910,19228836
14United Arab Emirates0.4931,9488976
15Iraq0.524,43811973
16Saudi Arabia0.5219,58752114
17Oman0.5314,42337825
18Bahrain0.5322,87859311
19Ethiopia0.5497425126
20Bolivia0.543,3228487
21Egypt0.553,5619084
22Azerbaijan0.594,1259681
23Afghanistan0.6049912140
24Dominica0.607,70917751
25Colombia0.635,20711475
26Syria0.65---
27Russia0.659,97221048
28Indonesia0.664,0388586
29Burma0.671,33328121
30Bhutan0.683,4316997
31Pakistan0.701,26025125
32Belarus0.716,13411972
33Tunisia0.723,29563101
34Botswana0.726,55812570
35Haiti0.7373214137
36Panama0.7414,09026438
37Uzbekistan0.751,76333117
38USA0.7563,0511,1544
39Vietnam0.763,49863103
40Liberia0.7765412139
41Georgia0.774,4057889
42Puerto Rico0.7730,11353613
43Togo0.7969012141
44Namibia0.804,0527094
45Tanzania0.821,10619131
46Suriname0.824,1997096
47Sri Lanka0.833,69861104
48Mozambique0.834558149
49El Salvador0.833,82163102
50Guatemala0.834,2407095
51Sierra Leone0.835189146
52Lesotho0.8492415135
53Trinidad & Tobago0.8516,19726339
54Guyana0.868,64913864
55Guinea0.881,01916133
56Brazil0.906,4509980
57Argentina0.908,43312968
58Paraguay0.904,9097590
59Ghana0.912,18833120
60Swaziland0.913,41551108
61Benin0.941,25919130
62Taiwan0.9526,91039122
63Nepal0.951,11616134
64Cambodia0.961,57223128
65Chad0.966409148
66Nicaragua0.961,83226124
67Ukraine0.973,42549109
68Zambia0.971,00114136
69Lebanon0.982,74539115
70Honduras0.982,41234116
71Fiji0.984,37161106
72Peru0.995,8458188
73Costa Rica0.9911,62916157
74Rwanda1.0082311143
75Australia1.0051,8857118
76Seychelles1.0012,32316952
77DR Congo1.014576150
78Mexico1.018,06911078
79Jamaica1.025,2217093
80Moldova1.034,26857107
81China1.0310,83914562
82Bahamas1.0430,02739721
83Bangladesh1.051,88825127
84Turkey1.057,71510179
85Morocco1.053,12141113
86Laos1.062,56733119
87South Africa1.064,73661105
88Dominican Republic1.077,4459682
89Curacao1.07---
90Canada1.0742,08054112
91Kenya1.072,07527123
92Saint Lucia1.07---
93Malawi1.083995153
94Philippines1.083,37343111
95Uganda1.0891512142
96Aruba1.0920,31025643
97Madagascar1.095156152
98Thailand1.117,2959183
99Mauritius1.118,95111177
100Ivory Coast1.11---
101Burkina Faso1.127699147
102Gabon1.127,1858885
103Cayman Islands1.12---
104Grenada1.139,82412071
105Chile1.1512,61215061
106Bulgaria1.169,82611774
107Cameroon1.171,49318132
108Cuba1.20---
109Cape Verde1.21---
110Bosnia & Herz.1.225,76265100
111Burundi1.242643155
112Mali1.2489910145
113Northern Macedonia1.256,0196699
114Zimbabwe1.2692210144
115India1.261,87720129
116Poland1.2715,30416653
117Romania1.2712,81313963
118Uruguay1.2915,33216455
119South Korea1.3030,64432531
120Belize1.303,73440114
121Japan1.3039,04841220
122Andorra1.31---
123Slovenia1.3325,03925940
124Jordan1.334,17443112
125Cyprus1.3526,24026837
126Czech Republic1.3622,62723047
127Hungary1.3615,37315560
128Austria1.4048,63447916
129Albania1.434,89847110
130Lithuania1.4319,88319150
131Senegal1.441,45514138
132Luxembourg1.45109,6021,0375
133Serbia1.467,4977192
134Montenegro1.497,9337391
135Latvia1.5217,23015659
136Spain1.5226,83224344
137Yemen1.526456151
138Croatia1.5214,03312769
139Wallis and Futuna1.54---
140Slovakia1.5618,66916454
141Estonia1.5922,98619949
142Singapore1.5958,48450515
143New Zealand1.6038,67533330
144Belgium1.6243,81437226
145Ireland1.6279,66967710
146Malta1.6328,46924145
147Switzerland1.6481,8676889
148Germany1.6445,46638123
149Liechtenstein1.66---
150San Marino1.6841,68334229
151Barbados1.6816,08213266
152United Kingdom1.7039,22931832
153Mayotte1.74---
154France1.7639,25730634
155Iceland1.7957,18943918
156Portugal1.8121,60816456
157Sweden1.8250,33938124
158Italy1.8230,65723246
159Israel1.8341,56031333
160Monaco1.84---
161Denmark1.8558,43943419
162Finland1.8548,46135927
163Greece1.8718,16813465
164Norway1.9767,98947417
165Netherlands2.0351,29034828
166Central African Rep.2.044803154
167Hong Kong2.4045,17625941