Petrol Price Per Litre $ Around the World

Source: World Bank

This shows the price of petrol per litre around the world. Varying in price from $0.02 a litre in Venezuela to Eritrea with a price of $3.33. Generally Western European economies have the highest price of petrol due to higher petrol tax.

Out of 217 countries listed by the world bank.

Most expensive place to buy petrol in the world

Eritrea $3.33
Norway $2.27
Netherlands $2.15

The UK is the 12th most expensive country at – $1.92
The US is one of the cheapest countries – ranked 199/217 on list – $0.76

The cheapest places to buy petrol

Venezuela – $0.02
Saudi Arabia – 0.16
Kuwait – 0.22

Reasons for variation in the price of petrol around the world

Oil producer/importer. Countries which produce oil Saudi Arabia, Venezuela and Kuwait unsurprisingly have the cheapest prices. The one exception is Norway – which despite being a major oil producer has one of the highest prices. By contrast, countries which import oil and petrol have higher prices.
Tax levels. In the UK fuel duty is £0.5795 per litre. In addition, VAT is charged at 20%. Approx 60% of the fuel price motorists pay in the UK is tax. This compares to China which has no fuel tax. Malaysia has even had a fuel subsidy.
Wage costs and renting. The other significant cost for petrol is the rent for a petrol station and wages of workers. Wages and costs in Western Europe are higher than in the developing world – explaining part of the price differential.

Petrol consumption per capita

petrol-consumption-per-capita

The US has the highest petrol (gasoline) consumption in the world by quite a long way. This is due to

US has one of the world’s highest living standards,
A transport system geared towards the motorist, long distance car journeys are more common with extensive highway network and more limited public transport systems.
Relatively low price compared to countries with similar living standards.

As China experiences economic growth, its per capita consumption is likely to grow rapidly.

Most Expensive Places to Buy Petrol in the World

1	Eritrea	3.33
2	Norway	2.27
3	Netherlands	2.15
4	Italy	2.14
5	Hong Kong	2.06
6	Turkey	2.06
7	Denmark	2.01
8	Monaco	2.00
9	Greece	1.98
10	South Sudan	1.98
11	United Kingdom	1.92
12	Ireland	1.92
13	Belgium	1.90
14	Finland	1.89
15	Portugal	1.89
16	Israel	1.88
17	Iceland	1.85
18	Sweden	1.82
19	Barbados	1.81
20	Germany	1.80
21	Malta	1.80
22	Uruguay	1.80
23	Euro area	1.79
24	France	1.79
25	Malawi	1.78
26	Slovenia	1.78
27	European Union	1.77
28	OECD members	1.77
29	West Bank and Gaza	1.77
30	Slovak Republic	1.77
31	Albania	1.76
32	Switzerland	1.74
33	Liechtenstein	1.74
34	New Zealand	1.71
35	Senegal	1.7
36	Central African Republic	1.69
37	Post-demographic dividend	1.69
38	Congo, Dem. Rep.	1.68
39	Zambia	1.68
40	Czech Republic	1.67
41	High income	1.67
42	Croatia	1.66
43	Mauritius	1.65
44	Spain	1.63
45	Maldives	1.63
46	Cyprus	1.61
47	Austria	1.6
48	Europe & Central Asia	1.6
49	Montenegro	1.6
50	Paraguay	1.59
51	Romania	1.59
52	Central Europe and the Baltics	1.58
53	Hungary	1.58
54	Singapore	1.58
55	Lithuania	1.57
56	Cabo Verde	1.56
57	Zimbabwe	1.56
58	Korea, Rep.	1.55
59	Mozambique	1.55
60	Serbia	1.55
61	Kosovo	1.54
62	Burundi	1.53
63	Mauritania	1.53
64	Argentina	1.52
65	Chile	1.52
66	Luxembourg	1.52
67	Andorra	1.51
68	Bosnia and Herzegovina	1.51
69	Bulgaria	1.49
70	Macedonia, FYR	1.49
71	Latvia	1.48
72	Mali	1.47
73	Estonia	1.46
74	Peru	1.46
75	Guinea	1.45
76	Costa Rica	1.44
77	Marshall Islands	1.44
78	Cote d’Ivoire	1.42
79	Poland	1.42
80	Djibouti	1.41
81	Dominican Republic	1.41
82	Rwanda	1.41
83	Burkina Faso	1.4
84	Cuba	1.4
85	Lao PDR	1.4
86	Uganda	1.4
87	Low income	1.385
88	Japan	1.38
89	Morocco	1.38
90	Belize	1.37
91	Gambia, The	1.37
92	Other small states	1.37
93	Fragile and conflict affected situations	1.365
94	Papua New Guinea	1.36
95	Madagascar	1.35
96	Pre-demographic dividend	1.35
97	Fiji	1.34
98	Cambodia	1.34
99	Least developed countries: UN classification	1.34
100	World	1.34
101	IDA only	1.33
102	Sub-Saharan Africa (excluding high income)	1.32
103	Sub-Saharan Africa	1.32
104	Small states	1.32
105	Europe & Central Asia (IDA & IBRD countries)	1.32
106	Tajikistan	1.32
107	Sub-Saharan Africa (IDA & IBRD countries)	1.32
108	Europe & Central Asia (excluding high income)	1.31
109	Nepal	1.31
110	Armenia	1.3
111	Bangladesh	1.3
112	IDA total	1.3
113	St. Lucia	1.3
114	Caribbean small states	1.29
115	Heavily indebted poor countries (HIPC)	1.29
116	Suriname	1.29
117	Thailand	1.29
118	Tanzania	1.29
119	Upper middle income	1.28
120	Brazil	1.27
121	Jordan	1.27
122	Sri Lanka	1.27
123	Late-demographic dividend	1.27
124	Togo	1.25
125	Cameroon	1.24
126	Georgia	1.24
127	IDA & IBRD total	1.24
128	Australia	1.23
129	East Asia & Pacific	1.23
130	Azerbaijan	1.21
131	IDA blend	1.21
132	Kenya	1.21
133	Low & middle income	1.21
134	Moldova	1.21
135	Honduras	1.2
136	Latin America & Caribbean	1.2
137	Latin America & the Caribbean (IDA & IBRD countries)	1.19
138	South Africa	1.19
139	Middle income	1.185
140	South Asia	1.185
141	South Asia (IDA & IBRD)	1.185
142	Latin America & Caribbean (excluding high income)	1.18
143	Nicaragua	1.18
144	Canada	1.17
145	China	1.17
146	East Asia & Pacific (excluding high income)	1.17
147	IBRD only	1.17
148	East Asia & Pacific (IDA & IBRD countries)	1.17
149	Timor-Leste	1.17
150	Ukraine	1.17
151	Haiti	1.16
152	Lower middle income	1.155
153	Guyana	1.15
154	Early-demographic dividend	1.14
155	Jamaica	1.14
156	Myanmar	1.14
157	Swaziland	1.14
158	Congo, Rep.	1.13
159	El Salvador	1.12
160	India	1.1
161	Niger	1.09
162	Colombia	1.08
163	Namibia	1.08
164	Afghanistan	1.07
165	Belarus	1.06
166	Botswana	1.06
167	Ghana	1.06
168	Bahamas, The	1.05
169	Philippines	1.05
170	Bhutan	1.04
171	Sierra Leone	1.04
172	Vietnam	1.04
173	Benin	1.03
174	Lesotho	1.03
175	Mexico	1.03
176	Gabon	1.02
177	Uzbekistan	1.02
178	Guatemala	1.01
179	Mongolia	1.01
180	Ethiopia	0.99
181	North America	0.965
182	Lebanon	0.96
183	Panama	0.96
184	Kyrgyz Republic	0.94
185	Pakistan	0.94
186	Korea, Dem. People’s Rep.	0.94
187	Indonesia	0.93
188	Liberia	0.91
189	Tunisia	0.91
190	Chad	0.9
191	Middle East & North Africa (excluding high income)	0.895
192	Egypt, Arab Rep.	0.88
193	Middle East & North Africa (IDA & IBRD countries)	0.88
194	Middle East & North Africa	0.83
195	Syrian Arab Republic	0.83
196	Arab World	0.825
197	Sudan	0.82
198	Kazakhstan	0.81
199	Russian Federation	0.81
200	Angola	0.76
201	United States	0.76
202	Bolivia	0.7
203	Yemen, Rep.	0.7
204	Malaysia	0.68
205	Ecuador	0.6
206	Nigeria	0.56
207	United Arab Emirates	0.47
208	Iraq	0.43
209	Brunei Darussalam	0.41
210	Iran, Islamic Rep.	0.374
211	Oman	0.31
212	Algeria	0.27
213	Qatar	0.23
214	Kuwait	0.22
215	Turkmenistan	0.22
216	Saudi Arabia	0.16
217	Venezuela, RB	0.015

Source: World Bank – data from 2014. Page updated 2017.

Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.

– Pump price for gasoline 2014

Related

Reasons not to cut petrol tax

12 thoughts on “Petrol Price Per Litre $ Around the World”

BigEd
5 October 2012 at 12:53 pm
I think you mean $$ per litre not per gallon.
- Tejvan Pettinger
  5 October 2012 at 3:23 pm
  Thanks Ed!
Tomaz
6 October 2012 at 4:59 am
If you change only the currency USD to EUR you will have (almost) correct prices for 2012. 🙂 (these numbers are far from reality in 2012 at least for EU)
- Tejvan Pettinger
  6 October 2012 at 8:43 am
  These are from 2010 (latest I could fine). Prices have been converted from the local currency to U.S. dollars. But, yes, prices have increased a lot in recent years.
Stefan
7 October 2012 at 3:39 pm
Hi, in case you are interested, we collect and publish updated petrol prices on a monthly basis. We try to get both unleaded gas and diesel prices for as many countries as we can (not an easy task). One can convert to various currencies and measurement units:
http://www.mytravelcost.com/petrol-prices/
brighton
11 October 2012 at 11:20 am
are sure/how far true is it that fuel in Venezuela,RB,is as cheap as $0.02
- Tejvan Pettinger
  12 October 2012 at 9:08 pm
  Yes, though by 2012 it has increased a little. it is still cheapest in world. http://www.ft.com/cms/s/0/48c41bde-d59a-11e1-b306-00144feabdc0.html#axzz296wQP1fa
Pingback: List of Countries Energy Use per Capita | Economics Blog
Smith Ross W.
30 April 2018 at 7:13 pm
Yesterday, April 30, 2018, a litre of gas in Vancouver Canada was $1.61 (Can $), which would likely move it up several notches in the most-expensive chart. Recent rise is largely caused by a pipeline contretemps between the provinces of British Columbia and Alberta.
Vick Medel
22 May 2018 at 4:28 am
Monaco: The price of gasoline is 2.01 U.S. Dollar per liter. For comparison, the average price of gasoline in the world for this period is 1.15 U.S. Dollar. The chart below shows the price of gasoline in the country relative to other countries. Sorry I cannot post the 11 countries most expensive fuels in the world because it’s in Jpeg file. This price are as of March 12, 2018.
Ray
5 October 2018 at 11:25 am
Why the price of petrol is so cheap in Venezuela even though they are having a financial crisis.
- Tejvan Pettinger
  6 October 2018 at 8:45 am
  It is one thing Venezuela produces domestically, so costs of production are low.

Comments are closed.