REVEALED: World's cheapest gasoline prices

Venezuela is home to the world's cheapest diesel fuel prices, with an average of just $0.016 per litre, according to the findings of new research.

Residents of the South American state, who benefit from hugely subsidised petrol from the government, on average pay just $1.52 per month to fill up the pumps, or approximately 0.3 percent of their total income.

REVEALED: World's cheapest gasoline prices

The study, by Looking4Parking.com, also discovered that nine of the ten most expensive markets for diesel are located in Europe, while all ten of the cheapest countries are major oil exporters, such as Saudi Arabia and Iran.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
New Saudi energy minister shows he takes OPEC seriously

New Saudi energy minister shows he takes OPEC seriously

Khalid al-Falih turns up in Vienna, three days before the Organisation...

Cartel or talking shop? OPEC awaits Saudi ruling

Cartel or talking shop? OPEC awaits Saudi ruling

Unlike his predecessor Ali al-Naimi, new Saudi energy minister...

Iran-Saudi row threatens any OPEC deal, puts role in question

Iran-Saudi row threatens any OPEC deal, puts role in question

Less than six months after the lifting of Western sanctions,...

Most Discussed
sponsoredTracking