REVEALED: World's cheapest gasoline prices

  • Share via facebook
  • Tweet this
  • Bookmark and Share

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
Beating state debt addiction proves hard for UAE banks

Beating state debt addiction proves hard for UAE banks

Banks' exposure to the public sector as a percentage of capital...

Dubai's smart palm tree technology revealed

Dubai's smart palm tree technology revealed

Smart Palms harness the sun's energy to allow people to look...

Gulf's days of easy money ending under oil price pressures

Gulf's days of easy money ending under oil price pressures

Money market rates start to rise, partly because of the damage...

Most Popular
Most Discussed