Top 10 Countries Selling the Cheapest Petrol in the World
Fuel affordability is one of the major economic considerations of most countries as oil prices go up and down around the world. The countries have the lowest petrol prices owing to the local oil production, subsidies and government policies that are meant to favor the consumers and industries. On the contrary, other people pay a lot in terms of taxes and the cost of imports. The list of the top 10 countries in which petrol is the cheapest in the world provides information about the dynamics of energy in the region and the benefits of consumers.
Top 10 Cheapest Petrol Markets (per litre, USD)
| Rank | Country | Price (USD) | Key Factor |
| 1 | Venezuela | $0.02 | Heavy government subsidies |
| 2 | Libya | $0.03 | State-controlled pricing |
| 3 | Iran | $0.05 | Oil-rich with subsidies |
| 4 | Algeria | $0.35 | Domestic production |
| 5 | Kuwait | $0.35 | Major oil exporter |
| 6 | Angola | $0.37 | Local refining capacity |
| 7 | Nigeria | $0.41 | Subsidized fuel system |
| 8 | Egypt | $0.44 | Partial fuel subsidies |
| 9 | Malaysia | $0.46 | Controlled retail prices |
| 10 | Kazakhstan | $0.48 | Government price regulation |
