At Rs 2.51 per litre, THESE are some of the cheapest countries to buy petrol in the world, India and Pakistan rank at…
As of February 1, 2025, the price of petrol in Mumbai stood at Rs. 105.01 per litre, while Delhiites paid a slightly lower rate of Rs. 94.77. With fuel being a daily necessity for millions, many commuters feel the pressure of these high prices. While the government is working to improve public transport to ease the load, petrol still takes a big bite out of people’s wallets. But did you know that in some countries, petrol costs next to nothing? Let’s take a look at the cheapest places in the world to buy petrol—and see where India and Pakistan fall on that list.
1. Iran
Topping the chart is Iran, where petrol costs just USD 0.029 per litre—that’s around Rs. 2.51! Thanks to huge oil reserves and heavy government subsidies, fuel is extremely affordable for locals. However, Iran faces issues like overconsumption and smuggling to neighbouring countries where fuel is pricier. International sanctions also make it tough for Iran to sell oil globally or upgrade its oil infrastructure.
2. Libya
In Libya, petrol sells for about USD 0.031 per litre (also around Rs. 2.51). With the largest oil reserves in Africa, the country is rich in energy resources. But like Iran, Libya struggles with fuel smuggling, which drains government revenues. Political instability also affects long-term energy management.
3. Venezuela
Venezuela ranks third, offering petrol at just USD 0.035 per litre—about Rs. 3.03. The government has long kept fuel prices low to support citizens, especially during its economic crisis. But hyperinflation, poor refinery conditions, and infrastructure issues have made it difficult to keep up steady supply despite the low cost.
4. Angola
In Angola, petrol is priced at USD 0.328 per litre (roughly Rs. 28.44). The country produces a lot of oil, which helps keep local prices relatively low. Subsidies help make fuel more accessible, especially in rural areas. However, economic inequality and reliance on oil mean not everyone benefits equally from the low prices.
5. Egypt
Petrol in Egypt costs about USD 0.339 per litre, or Rs. 29.39. The country both produces and consumes oil, and the government continues to subsidise fuel to help its people. Even though Egypt has made economic reforms and slightly reduced subsidies in recent years, prices remain low by global standards.
6. Algeria
Algerians pay around USD 0.340 per litre (Rs. 29.48) for petrol. With large oil and gas reserves, Algeria is able to keep prices down through subsidies. But this heavy dependence on oil revenues makes the economy vulnerable to global market shifts. As with many oil-rich nations, there’s also a need to diversify and strengthen other sectors.
7. Kuwait
In Kuwait, petrol is incredibly cheap—just USD 0.341 per litre (around Rs. 29.56). Thanks to its massive oil reserves and low production costs, the government can offer generous fuel subsidies. Petrol is kept affordable as part of broader social welfare benefits for Kuwaiti citizens.
8. Turkmenistan
Petrol in Turkmenistan costs USD 0.428 per litre (Rs. 37.11). The country has large oil and gas reserves, and its government controls prices tightly to make fuel more accessible. By relying mostly on its own production and keeping utilities cheap, the state helps ease fuel costs for everyday people.
9. Malaysia
In Malaysia, a litre of petrol goes for about USD 0.467 (Rs. 40.49). The country produces its own oil, which helps reduce costs. On top of that, the government provides subsidies to ensure that fuel stays within reach for most citizens. This approach helps power the economy and support daily life for millions.
10. Kazakhstan
Kazakhstan rounds out the top ten with petrol priced at USD 0.473 per litre (Rs. 41.01). With plenty of oil and gas within its borders, the country is able to keep fuel costs low. Citizens benefit from these resources through relatively affordable prices at the pump.
India and Pakistan petrol price
As of February 1, 2025, petrol in India was priced at Rs. 105.01 per litre in Mumbai and Rs. 94.77 in New Delhi—around USD 1.20 per litre on average.
In comparison to other South Asian nations, Bangladesh ranks 46th, Bhutan 22nd, Nepal 54th, and Sri Lanka 65th in terms of petrol affordability.
In Pakistan, the price of petrol as of early 2025 hovers around PKR 272 per litre, which converts to about USD 0.97 (Rs. 83.74).
As of early 2025, India and Pakistan occupy distinct positions in the global petrol price rankings. According to data from GlobalPetrolPrices.com, India ranks 73rd position, while Pakistan stands at 36th.
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