Oil-producing countries of the OPEC cartels often set minimum prices for gasoline on their territories, because they have developed fuel production. The presence of too high a cost for gasoline may indicate the import of fuel to a developed country.
The average cost of gasoline in the world today is $ 1.05 per liter . If you are actively interested in the oil industry, you will be wondering which country in the world sells the cheapest gasoline today! For everyone who is going to travel in distant countries, renting a car, as well as for the satisfaction of simple human curiosity - TOP-10 countries with the cheapest gasoline.
- Nigeria ($ 0.435)
- Turkmenistan ($ 0.429)
- Qatar ($ 0.412)
- Malaysia ($ 0.41)
- Sudan ($ 0.379)
- Kuwait ($ 0.347)
- Algeria ($ 0.346)
- Angola ($ 0.244)
- Iran ($ 0.062)
- Venezuela ($ 0.020).
Certain factors will affect pricing in different countries - supply and demand, the cost of gasoline on the world market, costs, state investment policy and the established government regime, the economic situation, and the presence or absence of the fact of oil production. Fundamental, structural and cyclical trends are the basis for cost formation for any type of fuel.
