World Petrol Prices

World Petrol Prices

There are a number of Online resources quoting world petrol prices by country across a range of dates, so in order to get an approximate ranking for each country I therefore averaged the prices I was able to obtain in mid 2020. For some countries I used 5 different petrol prices, for others I was only able to locate one price. Therefore the table below should be used strictly for indicative purposes of where fuel is cheap and where its expensive rather than for exact prices.

Petrol prices fell by around 20% at the start of 2020 to todays world average of around $0.93 per litre . What has remained constant since I first undertook this exercise when setting up DriverAbroad.com in 2011 is that Venezuela still has the cheapest gasoline in the world. However, this might be about to come to an end. Historically, the country had huge reserves of oil and large government subsidies which mean that fuel was essentially free- Most motorists would give pump attendants snacks or tips in exchange for fuel. However, an inability to maintain oil refineries has meant that the nation has struggled to turn its oil into gasoline, leading to fuel shortages and a need to import petrol from Iran.

To counter the shortages, in June 2020, President Maduro announced restrictions on gasoline purchases. Motorists will be allowed 120 litres per month at the usual low price of around $0.02 per litre, but after that will have to buy from 200 designated gas stations at a cost of $0.50 per litre. So for now, Venezuela still has by far the cheapest petrol in the world but watch this space for how long that continues!

World Fuel prices – USD per litre

Rank Country Cost per litre
1 Venezuela $0.02
2 Iran $0.09
3 Sudan $0.14
4 Malaysia $0.28
5 Angola $0.29
6 Nigeria $0.32
7 Algeria $0.33
8 Kuwait $0.34
9 Qatar $0.36
10 Saudi Arabia $0.39
11 Kazakhstan $0.40
12 Turkmenistan $0.43
13 Zimbabwe $0.44
14 Burma $0.44
15 Azerbaijan $0.47
16 Panama $0.48
17 Ecuador $0.49
18 United Arab Emirates $0.49
19 Oman $0.50
20 Vietnam $0.51
21 Colombia $0.53
22 Kyrgyzstan $0.53
23 Bahrain $0.53
24 Egypt $0.54
25 Bolivia $0.54
26 Puerto Rico $0.54
27 Afghanistan $0.54
28 USA $0.58
29 Indonesia $0.58
30 Pakistan $0.59
31 El Salvador $0.59
32 Russia $0.61
33 Haiti $0.61
34 Taiwan $0.61
35 Guyana $0.62
36 Iraq $0.63
37 Uzbekistan $0.65
38 Bhutan $0.65
39 Ethiopia $0.66
40 Lesotho $0.66
41 Cambodia $0.67
42 Guatemala $0.67
43 Canada $0.67
44 Australia $0.68
45 Swaziland $0.68
46 Mexico $0.69
47 Honduras $0.70
48 Tunisia $0.70
49 Nicaragua $0.71
50 South Africa $0.72
51 Sierra Leone $0.72
52 Georgia $0.73
53 Belarus $0.74
54 Liberia $0.75
55 Namibia $0.76
56 Brazil $0.77
57 Turkey $0.77
58 Botswana $0.77
59 Lebanon $0.78
60 Thailand $0.78
61 Nepal $0.78
62 Philippines $0.79
63 China $0.83
64 Benin $0.84
65 Dominican Republic $0.84
66 Sri Lanka $0.84
67 Togo $0.84
68 Trinidad & Tobago $0.85
69 Morocco $0.85
70 Northern Macedonia $0.85
71 Suriname $0.86
72 Chad $0.86
73 Dominica $0.87
74 Argentina $0.87
75 Ukraine $0.88
76 Aruba $0.89
77 Hungary $0.89
78 Kenya $0.89
79 Moldova $0.90
80 Tanzania $0.90
81 Fiji $0.91
82 Mozambique $0.91
83 Ghana $0.92
84 Grenada $0.92
85 Cape Verde $0.92
86 Guinea $0.94
87 India $0.95
88 Zambia $0.95
89 Poland $0.96
90 Bosnia & Herz. $0.96
91 Paraguay $0.97
92 Ivory Coast $0.98
93 Bulgaria $0.99
94 Luxembourg $1.00
95 Gabon $1.00
96 Chile $1.01
97 Romania $1.01
98 Lithuania $1.02
99 Peru $1.02
100 Costa Rica $1.03
101 Cameroon $1.04
102 Jamaica $1.05
103 Uganda $1.05
104 Bahamas $1.05
105 Bangladesh $1.05
106 Burkina Faso $1.06
107 Czech Republic $1.06
108 Malawi $1.06
109 Montenegro $1.06
110 Saint Lucia $1.07
111 Croatia $1.07
112 South Korea $1.08
113 Laos $1.08
114 Madagascar $1.08
115 Slovenia $1.08
116 Latvia $1.08
117 Cyprus $1.09
118 Mauritius $1.10
119 Andorra $1.12
120 Austria $1.13
121 Rwanda $1.14
122 Japan $1.17
123 Yemen $1.18
124 Jordan $1.18
125 Mali $1.18
126 Spain $1.19
127 Cayman Islands $1.19
128 Slovakia $1.19
129 Serbia $1.20
130 Cuba $1.20
131 New Zealand $1.20
132 Sweden $1.25
133 Belgium $1.25
134 Liechtenstein $1.26
135 Germany $1.26
136 Uruguay $1.27
137 Burundi $1.27
138 Senegal $1.28
139 DR Congo $1.30
140 Estonia $1.30
141 United Kingdom $1.36
142 Portugal $1.36
143 Ireland $1.36
144 Denmark $1.37
145 Switzerland $1.38
146 France $1.38
147 Singapore $1.39
148 Norway $1.40
149 Finland $1.40
150 San Marino $1.42
151 Belize $1.43
152 Israel $1.44
153 Albania $1.47
154 Iceland $1.48
155 Greece $1.48
156 Mayotte $1.49
157 Italy $1.50
158 Malta $1.53
159 Netherlands $1.60
160 Wallis and Futuna $1.61
161 Monaco $1.70
162 Barbados $1.77
163 Central African Rep. $1.82
164 Hong Kong $2.15

1 comment


  1. Gerry

    I’ve just returned from a 5000+km roadtrip through France and Spain and for the first time diesel (and petrol) is cheaper in France.

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