• Source:JND

Top 10 Countries With Cheapest Petrol Price: Fuel prices have generated a lot of debate in India because of their effects on the economy and day-to-day living. In India, as of March 23, 2025, state taxes and transport expenses are some of the reasons why petrol prices differ by area. The price of petrol in the capital city of New Delhi is 94.77 rupees per litre. Nonetheless, there are nations where gas is sold for incredibly low prices, some as low as ₹2.50 per litre.”

Which Country Has The Cheapest Petrol Price In The World?

Iran has the lowest petrol prices in the world, with prices as low as $0.029 per litre, or about ₹2.50 per litre. This is mainly because of the nation's enormous oil reserves and the sizable government subsidies meant to keep the economy stable for its people. Similar to this, Libya provides gasoline at about $0.031 per litre, thanks to its abundant oil reserves and government regulations that keep fuel costs low.

Other nations with exceptionally low petrol prices include Venezuela, where historically low fuel prices have been maintained by government subsidies. In the Middle East, countries like Kuwait, Algeria, and Qatar also provide petrol at comparatively low prices, taking advantage of their substantial oil reserves to give their citizens access to reasonably priced fuel.

Reason Of Lowest Petrol Prices In Some Countries

Top 10 countries with cheapest petrol price than India (1)Top 10 countries with cheapest petrol price than India (Image: Canva)

These major differences in petrol prices when compared to India demonstrate the impact of elements like economic policies, government subsidies and domestic oil production capacity. While oil-rich nations can afford to maintain low fuel prices, countries that import oil, such as India, frequently experience higher petrol prices as a result of global market volatility and taxation policies.

List Of Top 10 Countries With Cheapest Petrol Price

Here is the list of the top 10 Countries with the cheapest petrol prices in the world;

Rank & Country Petrol Price (In USD & their Currency) Petrol prices (In Indian rupees)
1. Iran   $0.029   ₹2.49
2. Libya   $0.031   ₹2.51
3. Venezuela   $0.035   ₹3.03
4. Angola   $0.328   ₹28.44
5. Egypt   $0.339   ₹29.39
6. Algeria   $0.340   ₹29.4
7. Kuwait   $0.341   ₹29.65
8. Turkmenistan   $0.428   ₹37.11
9. Malaysia   2.05 MYR(Malaysian ringgit)   ₹39.87
10. Saudi Arabia  2.18 Riyal   ₹49


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