By Staff writer
Arabian Business counts down the countries with the best prices at the pumps
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.
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.For all the latest industry news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.