Petrol Price Per Litre $ Around the World

price-petrol-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

  1. Eritrea $3.33
  2. Norway $2.27
  3. 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

  1. Venezuela – $0.02
  2. Saudi Arabia – 0.16
  3. 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

1Eritrea3.33
2Norway2.27
3Netherlands2.15
4Italy2.14
5Hong Kong2.06
6Turkey2.06
7Denmark2.01
8Monaco2.00
9Greece1.98
10South Sudan1.98
11United Kingdom1.92
12Ireland1.92
13Belgium1.90
14Finland1.89
15Portugal1.89
16Israel1.88
17Iceland1.85
18Sweden1.82
19Barbados1.81
20Germany1.80
21Malta1.80
22Uruguay1.80
23Euro area1.79
24France1.79
25Malawi1.78
26Slovenia1.78
27European Union1.77
28OECD members1.77
29West Bank and Gaza1.77
30Slovak Republic1.77
31Albania1.76
32Switzerland1.74
33Liechtenstein1.74
34New Zealand1.71
35Senegal1.7
36Central African Republic1.69
37Post-demographic dividend1.69
38Congo, Dem. Rep.1.68
39Zambia1.68
40Czech Republic1.67
41High income1.67
42Croatia1.66
43Mauritius1.65
44Spain1.63
45Maldives1.63
46Cyprus1.61
47Austria1.6
48Europe & Central Asia1.6
49Montenegro1.6
50Paraguay1.59
51Romania1.59
52Central Europe and the Baltics1.58
53Hungary1.58
54Singapore1.58
55Lithuania1.57
56Cabo Verde1.56
57Zimbabwe1.56
58Korea, Rep.1.55
59Mozambique1.55
60Serbia1.55
61Kosovo1.54
62Burundi1.53
63Mauritania1.53
64Argentina1.52
65Chile1.52
66Luxembourg1.52
67Andorra1.51
68Bosnia and Herzegovina1.51
69Bulgaria1.49
70Macedonia, FYR1.49
71Latvia1.48
72Mali1.47
73Estonia1.46
74Peru1.46
75Guinea1.45
76Costa Rica1.44
77Marshall Islands1.44
78Cote d’Ivoire1.42
79Poland1.42
80Djibouti1.41
81Dominican Republic1.41
82Rwanda1.41
83Burkina Faso1.4
84Cuba1.4
85Lao PDR1.4
86Uganda1.4
87Low income1.385
88Japan1.38
89Morocco1.38
90Belize1.37
91Gambia, The1.37
92Other small states1.37
93Fragile and conflict affected situations1.365
94Papua New Guinea1.36
95Madagascar1.35
96Pre-demographic dividend1.35
97Fiji1.34
98Cambodia1.34
99Least developed countries: UN classification1.34
100World1.34
101IDA only1.33
102Sub-Saharan Africa (excluding high income)1.32
103Sub-Saharan Africa1.32
104Small states1.32
105Europe & Central Asia (IDA & IBRD countries)1.32
106Tajikistan1.32
107Sub-Saharan Africa (IDA & IBRD countries)1.32
108Europe & Central Asia (excluding high income)1.31
109Nepal1.31
110Armenia1.3
111Bangladesh1.3
112IDA total1.3
113St. Lucia1.3
114Caribbean small states1.29
115Heavily indebted poor countries (HIPC)1.29
116Suriname1.29
117Thailand1.29
118Tanzania1.29
119Upper middle income1.28
120Brazil1.27
121Jordan1.27
122Sri Lanka1.27
123Late-demographic dividend1.27
124Togo1.25
125Cameroon1.24
126Georgia1.24
127IDA & IBRD total1.24
128Australia1.23
129East Asia & Pacific1.23
130Azerbaijan1.21
131IDA blend1.21
132Kenya1.21
133Low & middle income1.21
134Moldova1.21
135Honduras1.2
136Latin America & Caribbean1.2
137Latin America & the Caribbean (IDA & IBRD countries)1.19
138South Africa1.19
139Middle income1.185
140South Asia1.185
141South Asia (IDA & IBRD)1.185
142Latin America & Caribbean (excluding high income)1.18
143Nicaragua1.18
144Canada1.17
145China1.17
146East Asia & Pacific (excluding high income)1.17
147IBRD only1.17
148East Asia & Pacific (IDA & IBRD countries)1.17
149Timor-Leste1.17
150Ukraine1.17
151Haiti1.16
152Lower middle income1.155
153Guyana1.15
154Early-demographic dividend1.14
155Jamaica1.14
156Myanmar1.14
157Swaziland1.14
158Congo, Rep.1.13
159El Salvador1.12
160India1.1
161Niger1.09
162Colombia1.08
163Namibia1.08
164Afghanistan1.07
165Belarus1.06
166Botswana1.06
167Ghana1.06
168Bahamas, The1.05
169Philippines1.05
170Bhutan1.04
171Sierra Leone1.04
172Vietnam1.04
173Benin1.03
174Lesotho1.03
175Mexico1.03
176Gabon1.02
177Uzbekistan1.02
178Guatemala1.01
179Mongolia1.01
180Ethiopia0.99
181North America0.965
182Lebanon0.96
183Panama0.96
184Kyrgyz Republic0.94
185Pakistan0.94
186Korea, Dem. People’s Rep.0.94
187Indonesia0.93
188Liberia0.91
189Tunisia0.91
190Chad0.9
191Middle East & North Africa (excluding high income)0.895
192Egypt, Arab Rep.0.88
193Middle East & North Africa (IDA & IBRD countries)0.88
194Middle East & North Africa0.83
195Syrian Arab Republic0.83
196Arab World0.825
197Sudan0.82
198Kazakhstan0.81
199Russian Federation0.81
200Angola0.76
201United States0.76
202Bolivia0.7
203Yemen, Rep.0.7
204Malaysia0.68
205Ecuador0.6
206Nigeria0.56
207United Arab Emirates0.47
208Iraq0.43
209Brunei Darussalam0.41
210Iran, Islamic Rep.0.374
211Oman0.31
212Algeria0.27
213Qatar0.23
214Kuwait0.22
215Turkmenistan0.22
216Saudi Arabia0.16
217Venezuela, RB0.015

 

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

10 thoughts on “Petrol Price Per Litre $ Around the World

  1. 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)

  2. 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.

  3. 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.

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