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Tuesday, 30 December 2014

Countries with Cheapest and Highest Petrol (Gasoline) Price

If you are in Saudi Arabia, there is one thing you don’t care about and it is price of Petrol (Gasoline). Saudi Arabia is one of those countries with cheap petrol price. You can find it for as low as SR 0.60 per liter ($0.16). I remember in my country, I could not afford driving heavy engine vehicles not due to the cost of the vehicle but cost of the Petrol (Gasoline). Here in Saudi Arabia, you have the liberty to own and drive whatever vehicle you want as the cost of Petrol (Gasoline) is almost nothing. Even if you are a very low paid employee, you don’t need to project or budget the monthly consumption of Petrol (Gasoline) in your car.



You would be amazed to know that Saudi Arabia is not even in top 3 countries with cheapest oil price. Yes there are some countries where per liter price of Petrol (Gasoline) is less than Saudi Arabia. Venezuela is the country where Petrol (Gasoline) is available at the cheapest price in the world. Price in terms of USD is as low as $0.02 (8 times cheaper than Saudi Arabia). In Venezuela, you can buy 60 liters Petrol (Gasoline) in exchange on only one potato. Syria and Libya stand at number 2 and 3 and Saudi Arabia is at number 4. I have attached the Petrol (Gasoline) price of countries with cheapest oil price below. It is important to mention here that this Petrol (Gasoline) price is based on the Premium category of Petrol (Gasoline).


S.N
Country
 USD per Liter
 SAR per Liter
1
Venezuela
0.02
                     0.08
2
Syria
0.06
                     0.23
3
Libya
0.12
                     0.45
4
Saudi Arabia
0.16
                     0.60
5
Turkmenistan
0.22
                     0.83
6
Kuwait
0.24
                     0.90
7
Bahrain
0.25
                     0.94
8
Qatar
0.26
                     0.98
9
Algeria
0.26
                     0.98
10
Iran
0.26
                     0.98



In contrast to what I have said above, there are countries where Petrol (Gasoline) is very expensive. In Norway the price of Oil per liter is $2.46 (SR 9.23). Turkey is at number 5 with the Petrol (Gasoline) price of SR 8.21 per liter. I am planning to visit Turkey in this year and one of my friends was telling me that taxi is very expensive there. Now I have understood why he said that. UK is at number 8 in the countries with highest price of Petrol (Gasoline). I have attached the Petrol (Gasoline) price of countries with highest oil price below. It is important to mention here that this Petrol (Gasoline) price is based on the Premium category of Petrol (Gasoline).


S.N
Country
 USD per Liter
 SAR per Liter
1
Norway
                     2.46
                     9.23
2
Italy
                     2.33
                     8.74
3
Netherland
                     2.33
                     8.74
4
Denmark
                     2.20
                     8.25
5
Turkey
                     2.19
                     8.21
6
Greece
                     2.16
                     8.10
7
Hong Kong
                     2.16
                     8.10
8
UK
                     2.10
                     7.88
9
Finland
                     2.07
                     7.76
10
Israel
                     2.07
                     7.76



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