New Delhi: The price of gasoline has been a major topic of discussion in India for some time now. Especially after prices hit the 100 rupee mark in June 2021. Supply chain bottlenecks as well as bottlenecks affecting the mining and refining sector, oil prices have skyrocketed during the crisis of Covid-19. But did you know that there is a country that sells gasoline at Rs 1,885 per liter?Read also – Retail sales inflation in India hits 4.91% in November. Details inside
Venezuela, as of December 6, 2021, sells gasoline at Rs 1,885 per liter. It is the country that sells gasoline or gasoline at the lowest price in the world. According to globalpetrolprices.com, “Typically, richer countries have higher prices while poorer countries and countries that produce and export oil have considerably lower prices. The average price of gasoline in the world is 90.83 Indian rupees per liter, according to data available on the site. Also Read – Gasoline and Diesel Prices Expected to Fall Further As India Prepares to Release 5 Million Barrels of Crude Oil
Iran comes second on the list with a gasoline price of Rs 3,866 per liter. On the other hand, Hong Kong has the most expensive gasoline. It sells gasoline at Rs 195,113 per liter. It is followed by the Netherlands, which sells gasoline at Rs 170.7 per liter. Also Read – Gasoline & Diesel Prices Stay Unchanged, Drop Below Rs 100 In These States: Check Fuel Prices Here
It should be noted that all countries have access to the same oil prices on international markets, the price difference results from the different fiscal policies of the different countries.
A notable exception is the United States, according to the website, which, even after being an advanced country, sells gasoline at lower prices. As of December 6, a liter of gasoline costs Rs 74,021 in the United States.
The list of the top five countries with the cheapest gasoline also included Syria, Angola and Algeria, as well as Iran and Venezuela. While for the more expensive gasoline, Israel, the Central African Republic and Finland have accompanied the Netherlands and Hong Kong. In India, gasoline was selling for Rs 95.41 per liter in Delhi and Rs 109.98 per liter in Mumbai, according to data from the goodreturns website.