The total cost of gasoline in countries is formed in different ways and is formed based on many factors. World prices for oil and petroleum products are formed taking into account the political situation on the planet. So it turns out that in one country a liter of gasoline costs less than a glass of soda, and in another - just a lot of money. Why is this happening?
Where can you buy the cheapest gasoline
British insurers have compiled a rating of countries where the cheapest fuel in the world is sold.
In Venezuela, a liter of gasoline costs $ 0.05. The price is scanty. The last time it increased was back in 1989. Venezuela has an extremely difficult economic situation, and practically free gasoline is placing a heavy burden on the budget. Annual vehicle fuel subsidies exceed $ 12 billion per year.
In Saudi Arabia, gasoline costs $ 0.13 per liter. This country is the largest oil exporter in the world. With prices constantly rising in the market, the King of Saudi Arabia regularly lowers the cost of gasoline domestically, helping residents to save significantly.
Before the war, Libya ranked third in the world in terms of the price per liter of automobile fuel - $ 0, 14. But in recent years, due to the unstable political situation, in some parts of the country the price of fuel has already jumped three times.
The fourth place is firmly occupied by Turkmenistan. A liter of gasoline costs $ 0, 19. The government of the country constantly monitors prices in the country, and Turkmenistan is also a major exporter of natural gas and oil products.
In Bahrain, gasoline costs $ 0.21 per liter. The main industry of this country is oil production and refining. Locals even joke that gasoline is cheaper here than water. In fact, there is a shortage of clean water in the country, and it is expensive.
You can also refuel cheaply in Iran, Qatar, Kuwait, Algeria, Oman and Egypt. Oil market experts believe that the price of oil will only grow and by 2030 may reach $ 133 per barrel.
What affects the cost of gasoline in the countries of the world
Due to the complex geopolitical situation, the cost of petroleum products is constantly changing. Many countries do not have their own oil fields and must purchase it on the market. The price of gasoline is also affected by financial crises and tax increases.
In some countries, low fuel prices have developed historically, and if they rise, massive protests among the population are inevitable. Iran, for example, even imposed restrictions on the sale of fuel due to the fact that people bought gasoline domestically at a cheap price and took it abroad to sell it at a higher price.
Much also depends on the internal policy of the state. For example, Norway is also an exporter of oil and oil products, but the prices for gasoline within the country are the highest in Europe - $ 2, 60 per liter.
