Petrol Price Per Litre $ Around the World

This shows the price of petrol per litre around the world. Varying in price from $0.03 a litre in Venezuela to Hong Kong with a price of $3.18. Generally Western European economies have the highest price of petrol due to higher petrol tax.

Most expensive place to buy petrol in the world

Hong Kong $3.18 per litre
Netherlands $2.29 per litre
Isreal $2.28 per litre.

In 2018, the UK was the 12th most expensive country at – $1.92. But since then petrol tax has been frozen and petrol has become relatively cheaper. UK now ranks 21st at $1.78
The US is one of the cheapest countries – ranked 119th – $0.94 per litre

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

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.
High political salience of cheap gas. Major promise of President Trump “Gas prices will come down”

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

Most Expensive Places to Buy Petrol in the World 2026

Rank	Country	Petrol price (USD per litre)
1	Hong Kong	3.18
2	Netherlands	2.29
3	Israel	2.28
4	Switzerland	2.26
5	Denmark	2.25
6	Iceland	2.24
7	Singapore	2.14
8	Norway	2.13
9	France	2.05
10	Greece	2.01
11	Germany	1.99
12	Finland	1.98
13	Italy	1.97
14	Portugal	1.96
15	Ireland	1.95
16	Sweden	1.94
17	Belgium	1.93
18	Uruguay	1.93
19	Spain	1.87
20	Austria	1.86
21	Albania	1.79
22	Estonia	1.78
22	United Kingdom	1.78
24	Latvia	1.67
25	Cyprus	1.66
26	Lithuania	1.65
27	Slovakia	1.64
28	Belize	1.63
29	Luxembourg	1.63
30	Seychelles	1.63
31	Czech Republic	1.62
32	Jordan	1.62
33	New Zealand	1.62
34	Serbia	1.62
35	Hungary	1.61
36	Jamaica	1.58
37	Slovenia	1.58
38	Montenegro	1.56
39	Poland	1.55
40	Croatia	1.54
41	Bulgaria	1.52
42	North Macedonia	1.5
43	Romania	1.5
44	Zimbabwe	1.48
45	Bosnia and Herzegovina	1.47
46	Chile	1.45
47	Moldova	1.45
48	Cape Verde	1.44
49	Mauritius	1.44
50	Armenia	1.43
51	Morocco	1.43
52	Costa Rica	1.41
53	Kenya	1.41
54	Malta	1.41
55	Ukraine	1.38
56	Georgia	1.36
57	Rwanda	1.36
58	Australia	1.35
59	Senegal	1.35
60	Comoros	1.34
61	Guatemala	1.33
62	Central African Republic	1.32
63	Canada	1.30
64	Chad	1.29
65	El Salvador	1.29
66	Congo	1.28
67	Haiti	1.28
68	Laos	1.28
69	Uganda	1.28
70	Mauritania	1.27
71	Guinea	1.26
72	Niger	1.26
73	Cambodia	1.25
74	Malawi	1.24
75	Togo	1.24
76	Gambia	1.23
77	Mexico	1.23
78	South Africa	1.23
79	Turkey	1.23
80	Cameroon	1.22
81	Dominican Republic	1.22
82	Mozambique	1.22
83	Philippines	1.22
84	Zambia	1.22
85	Burkina Faso	1.21
86	Liberia	1.21
87	Eswatini	1.20
88	Mali	1.20
89	South Korea	1.20
90	China	1.19
91	Mongolia	1.19
92	Lesotho	1.18
93	Nicaragua	1.18
94	Peru	1.18
95	Sierra Leone	1.18
96	Botswana	1.17
97	Namibia	1.17
98	Côte d’Ivoire	1.16
99	Brazil	1.15
100	Ghana	1.14
101	Maldives	1.14
102	India	1.13
103	Bangladesh	1.12
104	Honduras	1.12
105	Japan	1.12
106	Thailand	1.12
107	Benin	1.10
108	Nepal	1.10
109	Tanzania	1.10
110	Madagascar	1.09
111	Vietnam	1.09
112	Paraguay	1.06
113	Pakistan	1.04
114	Gabon	1.03
115	Taiwan	1.03
116	Panama	0.97
117	Colombia	0.95
118	Ethiopia	0.94
119	United States	0.94
120	Argentina	0.92
121	Sri Lanka	0.92
122	Uzbekistan	0.89
123	Tajikistan	0.86
124	Kyrgyzstan	0.83
125	United Arab Emirates	0.83
126	Tunisia	0.80
127	Belarus	0.78
128	Guyana	0.78
129	Myanmar	0.78
130	Afghanistan	0.74
131	Sudan	0.70
132	Indonesia	0.67
133	Ecuador	0.65
134	Russia	0.65
135	Iraq	0.64
136	Saudi Arabia	0.63
137	Lebanon	0.62
138	Azerbaijan	0.59
139	Oman	0.59
140	Trinidad and Tobago	0.58
141	Qatar	0.55
142	Bolivia	0.54
143	Bahrain	0.53
144	Kazakhstan	0.50
145	Cuba	0.47
146	Malaysia	0.43
147	Nigeria	0.40
148	Kuwait	0.34
149	Angola	0.33
150	Egypt	0.32
151	Algeria	0.31
152	Iran	0.03
153	Libya	0.03
154	Venezuela	0.03

Related Posts

Sources

Old Source: World Bank – data from 2017
Source: Global petrol prices + checking of major countries. Numbeo.
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

About The Author

Tejvan Pettinger

Tejvan Pettinger. Author of “Cracking Economics” “What Would Keynes Do?” – studied PPE Oxford University (1995-99) and works as an economics teacher and writer.

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

Shelley McQueen
17 March 2026 at 7:42 am
$1.35 USD per litre in Australia, that’s definitely not the price near me, even before USrael bombed Iran. Won’t cost us anything soon when we run out. Another unnecessary war that Netanyahu wanted.
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.
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.