2018: 10 highest and lowest petrol prices in the world
While every country follows international crude prices. taxes and fees affect the final price
After the UAE fuel prices for June were announced on Tuesday, we took a look at current prices in various countries across the globe. International crude prices have been on a rise but prices vary in countries depending on taxes, fees and other surcharges payable.
3 fils
In this South American country, a litre of petrol costs less than a cup of coffee. Venezuela gas prices cost US$0.01 per litre. Gasoline will only put you back by just over 3 fils per litre.
Dh1 to Dh2
Other countries in the world where petrol is cheap include ones in the Mena region such as Iran, Kuwait and Egypt. A litre of unleaded petrol would put you back by just over a dirham in Iran (Dh1.04) while rates in Kuwait (Dh1.28) and Egypt (Dh1.35) are similarly low. Nigeria (Dh1.54) also has comparatively low fuel prices. Other countries in this bracket include Sudan, Ecuador, Bahrain, Bolivia and Saudi Arabia.
Dh2 to Dh3
UAE falls right in the middle of this range, which has many other countries such as Oman, Indonesia, Pakistan, Afghanistan, Myanmar and Russia among others.
Dh3 to Dh4
The United State of America, Sri Lanka, Nepal, Bhutan, Mongolia, Kenya, Bangladesh, Haiti and Cambodia are among many of the countries with fuel prices in this range.
Dh4 to Dh5
Philippines, Thailand, Australia, Mozambique and Argentina are among nations falling in the lower spectrum of this range. India, with prices rising almost daily for the last 19 days, is on the higher end with a fuel price of INR86.23 per litre in Mumbai, which is around Dh4.69 per litre. Countries in the higher end of this data range are Chile, Grenada, Jamaica and the Bahamas among others.
Dh5 to Dh7
This range includes countries from various regions such as Cyprus, Montenegro, Malta, New Zealand, Singapore, Greece, UK, France, Italy and more.
Dh7 and higher
The countries with highest fuel prices in the world include Netherlands (Dh7.16), Norway (Dh7.42), Iceland (Dh7.83) and Hong Kong (Dh7.86). Hong Kong is the highest according to recent figures.
*Based on prices during the last week of May - www.globalpetrolprices.com
