Gasoline prices all over the world is soaring. On average, gasoline prices have increased more than 60 percent in the last two years.
However, the price of gas still remains low in some countries like Venezuela, which has the low gas price of 12.4¢.

High gasoline price can be linked to several things: Increased demand, Tensions with Iran , High demand in China and India.

Here is the list of 12 countries around the world which has the least expensive fuel prices.

• Venezuela 12.4¢
• Iran 40.4¢
• Saudi Arabia 45.4¢
• Libya 49.8¢
• Swaziland 53.5¢
• Qatar 72.8¢
• Bahrain 80.5¢
• Egypt 89.3¢
• Kuwait 89.8¢
• Seychelles 97.8¢
• Algeria $1.301
• Moldova $1.385

Fuel Prices : 12 World’s Most Expensive Countries

[ Data Sources: Business Week ]

Saudi Arabia is the world’s leading petroleum exporter. Oil accounts for more than 90 percent of exports and nearly 75 percent of government revenues. Oil has provided Saudi Arabia with economic prosperity and a great deal of leverage in the international community.

Saudi Arabia’s economy is Petroleum-based; roughly 75% of budget revenues and 90% of export earnings come from the oil industry. The oil industry comprises about 45% of Saudi Arabia’s gross domestic product, compared with 40% from the private sector.

Saudi Arabia officially has about 260 billion barrels (4.1×1010 m³) of oil reserves, comprising about 24% of the world’s proven total petroleum reserves.

Reference - wiki -

Global oil prices are at all-time high levels. Here is the World’s costliest & cheapest petrol.

India : $1.32 (Rs 56) per litre.

Venezuela (Caracas): Rs 2.12 per litre
Saudi Arabia (Riyadh): Rs 5 per litre
United Arab Emirates: Rs 15.65 per litre
Malaysia (Kuala Lumpur): Rs 25.40 per litre
China: Rs 31.30 per litre
Russia (Moscow): Rs 42.275 per litre
The United States: Rs 44.25 per litre
Pakistan: Rs 44.80 per litre
Canada: Rs 57 per litre
Brazil (Sao Paolo): Rs 66 per litre
Hong Kong: Rs 84.10 per litre
United Kingdom: Rs 95.50 per litre
Norway (Oslo): Rs 112 per litre
Turkey: Rs 113.30 per litre

1$ = Rs 42.275 (Indian rupees)

[ Rediff - World’s costliest & cheapest petrol]

Soft-drink maker Rasna, launched ‘Fruitplus’, a fruit drink concentrate with natural goodness of fruits.

Rasna plans to target the fitness conscious consumers by providing them with an all-purpose and all-season drink Fruitplus.

Fruitplus will be available in four different flavors namely

• Fruitplus Orange
• Fruitplus Lemon
• Fruitplus Mango
• Fruitplus Pineapple

Fruitplus, is fortified with ingredients like fruit powder, Vitamin A, B, C et al, the company said. The 500 hundred grams bottle is priced at Rs 80 and a packet of same weight costs Rs 60. Fruitplus is also available in Rs 3 & Rs 10 pouch to attract new customers.

Rasna, is set to open manufacturing plants abroad and launch its own retail chain in India. Rasna’s Chairman and Managing Director, Mr Piruz Khambatta, said that Rasna’s two new manufacturing facilities will get operational in Saudi Arabia and Egypt by October this year.