10 Countries with Lowest Fuel Prices

Inflation is making everything more expensive, and one of the hardest-hit commodities is fuel. The average price of gasoline around the world is USD 1.30 (1.19 euros). However, some nations boast of much lower prices. Here's a list of countries with the cheapest fuel globally.

1. Venezuela

In Venezuela, Gasoline costs just 0.1 Venezuelan Bolivar (VEF) or USD 0.004 per litre (for the first 120 litres, after which it is priced at $0.50/litre).

2. Iran

For Iran, the first 60 litres of fuel cost 15000 Iranian Rial (IRR) or USD 0.029 per litre. After this, its price is 30,000 IRR per litre or USD 0.58.

3. Libya

Here gasoline costs 0.15 Libyan Dinar (LYD) or USD 0.031 per litre.

4. Angola

The price per litre of gasoline in Angola is 160 Angolan Kwanza (AOA) or 0.305 USD.

5. Algeria

In Algeria, the price per litre of gasoline is 45.97 Algerian Dinar (DZD) or $0.338.

6. Kuwait

As of May 15th, 2023, the price of gasoline for Kuwait is 0.11 Kuwaiti Dinar (KWD) or USD 0.342 per litre.

Tempeh

Another soy-based product with a nutty flavour and high protein content.

8. Turkmenistan

In Turkmenistan, the price of gasoline stands at 1.5 New Manat or USD 0.428 per litre.

9. Malaysia

The price per litre of gasoline in Malaysia is 2.05 Malaysian Ringgit (MYR) or 0.456 USD.

10. Kazakhstan

In Kazakhstan, fuel costs 215.9 Kazakhstan Tenge (KZT) or USD 0.480 per litre.