Top 10: Cheapest Petrol Countries 2023
The average price of gasoline around the world is 1.33 U.S. Dollar per litre. However, there is substantial difference in these prices among countries. As a general rule, richer countries have higher prices while poorer countries and the countries that produce and export oil have significantly lower prices. One notable exception is the U.S. which is an economically advanced country but has low gas prices.
the Top 10 countries that pay the least amount of money for their petrol. Venezuela is the world's cheapest country to buy petrol, where amazingly it costs just 2 pence (GBP) a litre.
This is because it's home to some of the biggest oil reserves in the world. But it's also a country where income is very low too. You will also notice that oil-rich middle Eastern countries are amongst the cheapest places in the world to buy petrol.