With the recent fuel price hike (Rs. 5 for Petrol and Rs. 3 for Diesel), prices in India are not more very cheap. But have you ever thought what are the fuel prices in other parts of the world. What are the countries where the fuel is costliest and the countries where it is cheapest.
Given below is the list of countries where fuel (petrol/gasoline) prices are highest of lowest. Compare it with India.
- Turkey: $2.68 - Highest in the world
- Norway: $2.65
- UK: $2.26
- Hong Kong: $1.99
- Brazil: $1.56
- Canada: $1.35
- India: $1.32
- Pakistan: $1.07
- USA: $1.05
- Russia: $1.00
- China: $0.74
- Malaysia: $0.60
- United Arab Emirates: $0.37
- Saudi Arabia: $0.12
- Venezuela: $0.05
So, Turkey is the country where fuel prices are highest as there are no subsidies and Venezuela is the country where fuel prices are cheapest due to lots of fuel subsidies.