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 ]