You can access the full research here: https://zutobi.com/us/driver-guides/the-zutobi-global-gas-index
The 10 countries with the most affordable gas prices:
Rank | Country | Price of a litre of Petrol ($) | Price of a gallon of Petrol ($) |
1 | Venezuela | $0.03 | $0.11 |
2 | Libya | $0.03 | $0.15 |
3 | Iran | $0.05 | $0.23 |
4 | Syria | $0.32 | $1.44 |
5 | Algeria | $0.32 | $1.46 |
6 | Kuwait | $0.35 | $1.57 |
7 | Angola | $0.35 | $1.60 |
8 | Nigeria | $0.40 | $1.82 |
9 | Kazakhstan | $0.41 | $1.86 |
10 | Turkmenistan | $0.43 | $1.95 |
Venezuela ranked first as it costs $0.11 per gallon which is $5.95 cheaper than the global average.
Libya comes in as the second cheapest, with the cost per gallon being only $0.15.
Iran has the third-cheapest fuel price per gallon ($0.23) which is considerably less than Syria (the fourth-cheapest).
The 10 countries with the most expensive gas prices:
Rank | Country | Price of a litre of Petrol ($) | Price of a gallon of Petrol ($) |
1 | Hong Kong | $2.88 | $13.10 |
2 | Netherlands | $2.58 | $11.75 |
3 | Norway | $2.50 | $11.36 |
4 | Monaco | $2.49 | $11.34 |
5 | Zimbabwe | $2.35 | $10.70 |
6 | Denmark | $2.34 | $10.62 |
7 | Finland | $2.33 | $10.58 |
8 | Italy | $2.31 | $10.51 |
9 | Germany | $2.30 | $10.46 |
10 | Liechtenstein | $2.28 | $10.36 |
The study also looked at where in the world you can find the best value for gas: Hong Kong has the highest price of petrol anywhere in the world. The price of a gallon is $13.10 – double the global average and $1.15 more than the second most expensive place!
The Netherlands is the second most expensive place for gas around the world, costing $11.75 per gallon. This is $5.69 more than the global average – making it the most expensive nation in the western world.
At just $0.39 less than the Netherlands, Norway is the third most expensive country for petrol prices. Norwegians have to pay $11.36 per gallon on average.
FURTHER FINDINGS:
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The cost per gallon of fuel is less than a dollar in only three countries:Venezuela, Libya and Iran.
- Only four countries have prices of over $11 per gallon of gas: Hong Kong, the Netherlands, Norway, and Monaco.
- Iran has seen the biggest decrease in gas prices anywhere in the world over the past half-decade. Prices have been slashed by almost 3,000%.
- The price of petrol in Saudi Arabia has risen by almost 300% in the last 5 years, making it the country that has seen the biggest increase in fuel prices in the world.
The full findings can be viewed here: https://zutobi.com/us/driver-guides/the-zutobi-global-gas-index
You can also download the graphics here.