• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 6 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 13 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 15 minutes Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 8 hours Wonders of Shale- Gas,bringing investments and jobs to the US
  • 4 hours Why is Strait of Hormuz the World's Most Important Oil Artery
  • 3 hours Trump bogged down in Mideast quagmire. US spent $Trillions, lost Thousands of lives, and lost goodwill. FOR WHAT? US interests ? WHAT INTEREST ? . . . . China greatest threat next 50 years.
  • 3 hours California's Oil Industry Collapses Despite Shale Boom
  • 1 hour North Dakota oil output totals 1.39 million b/d in March, up 4% on month: state
  • 35 mins Global Warming Making The Rich Richer
  • 10 mins Rural and Conservative: Polish Towns Go 'LGBT free' Ahead Of Bitter European Election Campaign
  • 7 hours IMO2020 To scrub or not to scrub
  • 8 hours Knock-Knock: Aircraft Carrier Seen As Barometer Of Tensions With Iran
  • 5 hours Misunderstanding between USA and Iran the cause of current stand off, I call BS
  • 12 hours Crude oil?
  • 1 min Compensation For A Trade War: Argentina’s Financial Crisis Creates An Opportunity For China
  • 5 hours Iceland Reducing Gas Stations By Half By 2025
  • 8 hours "We cannot be relying on fossil fuels to burn as an energy source at all in our country" - Canadian NDP Political Leader

Which Countries have the Lowest Gas Prices

Everyone complains about the cost of gasoline, yet we all pay different prices. In the US the cost of gasoline is far lower than those in Europe, and in the Middle East the prices are lower still.

ArabianBusiness.com has compiled a rather interesting list detailing the world’s ten cheapest countries for gasoline prices.

American’s constantly complain about the price of gasoline, and have even gone to war several times to prevent prices rising too much. They currently stand at number ten on the list, paying an average of $3.29 a gallon.

Mexico closely follows the US in ninth place with an average price of $3.22 a gallon, although they probably hope that this will drop with the new plans to develop the country’s oil industry, laid out by President Enrique Pena Nieto.

Related article: Americans Paying European Prices for Oil?

In third place you will find Malaysia, paying a price of $2.62 a gallon for its gasoline.

Despite the corruption and crime that riddles the Nigerian oil industry, generous subsidies from the government ensure that its gasoline remains cheap at just $2.34 a gallon.

Iranians pay $2.15 a gallon; the UAE pays just $1.77; in fourth place on the list is Egypt at $1.14 a gallon; prices of gasoline in Kuwait are an incredibly low $0.81 a gallon; in Saudi Arabia a gallon of gasoline costs just $0.45; and the lowest price in the world (according to ArabianBusiness.com) can be found in Venezuela at a staggeringly miniscule price of $0.06 a gallon.

There are countries such as Qatar, Oman, and Bahrain which for some unknown reason have been left off this list by ArabianBusiness.com, yet each has far lower gasoline prices than the US or Mexico.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • Rick Nelson on February 21 2013 said:
    Costa Rica has the worst roads in the region and the highest taxes on oil products which are supposed to be used to fix the infrastructure. The current price is $5.42 per gallon, and the quality is among the worst - provoking damage to modern engines. It is the price of choosing radical "conservation" and anti-development.
  • Rey Waters on February 21 2013 said:
    I was recently in Ecuador and their price per gallon was $1.47 , which moves them into fourth place ahead of UAE

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News