Libya has the cheapest petrol on this list, at just $0.024 per litre, equivalent to approximately ₦32. The North African oil producer heavily subsidises fuel, keeping pump prices exceptionally low.
Petrol costs about $0.029 per litre in Iran, or approximately ₦39. The country maintains heavily regulated domestic fuel prices and provides substantial fuel subsidies despite being a major oil producer.
Venezuela sells petrol for about $0.035 per litre, equivalent to roughly ₦47. The country has some of the world’s largest oil reserves and has historically maintained heavily subsidised fuel prices.
Petrol costs approximately $0.327 per litre in Angola, translating to about ₦435. The southern African country is a major oil producer, although it has been reducing fuel subsidies in recent years.
Kuwait’s petrol price is around $0.340 per litre, or approximately ₦453. The country’s huge oil reserves and regulated domestic fuel market help keep petrol relatively cheap.
Petrol costs about $0.351 per litre in Algeria, equivalent to roughly ₦467. The country is a major oil and gas producer and maintains regulated domestic fuel prices.
In Turkmenistan, petrol costs around $0.429 per litre, or approximately ₦571. The Central Asian country has abundant hydrocarbon resources and significant state control over its energy sector.
Egypt’s petrol price stands at about $0.464 per litre, translating to approximately ₦618. Although Egypt has been reducing fuel subsidies as part of economic reforms, petrol remains relatively inexpensive compared with many countries.
Petrol costs approximately $0.576 per litre in Qatar, equivalent to about ₦767. The energy-rich Gulf country is a major oil and natural gas producer, helping support relatively low domestic fuel prices.
Bolivia keeps petrol prices relatively low through government subsidies, helping shield motorists from some international fuel-price fluctuations.
Petrol costs about $0.621 per litre. As one of the world’s largest oil producers, Saudi Arabia has historically maintained relatively low domestic fuel prices.
Oman records a petrol price of approximately $0.622 per litre. The country’s oil production and regulated fuel market contribute to its relatively low pump prices.
Petrol costs around $0.650 per litre in Iraq. The country’s substantial oil reserves help support comparatively low domestic fuel prices.
Bahrain’s petrol price is approximately $0.655 per litre, or about ₦873. The Gulf country’s regulated fuel market keeps prices relatively low
Petrol costs about $0.676 per litre in Azerbaijan. The country is a significant oil and gas producer in the Caspian region.
