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Home » Latest » Data & Strategy » Ranked: Countries with the lowest petrol prices, 2024

Data & StrategySpecial Reports

Ranked: Countries with the lowest petrol prices, 2024

Frank Brown, D.Litt.Frank Brown, D.Litt.Data & StrategySpecial Reports
petrol station

According to a report that compared gasoline prices in different countries, the United States ranks 33rd among countries with the lowest petrol prices. The report, titled “Gasoline Prices” and dated at the beginning of this month, reveals that the average price of petrol worldwide is $130 per liter. As of 1 January 2024, the average petrol price in the United States is $0.911. Top of the ranking was Iran, with an average gasoline price of $0.029, closely followed by Libya, with the least expensive petrol price occupying the 2nd spot at $0.031, and Venezuela occupied the 3rd spot.

Gasoline prices play a crucial role in global economies, and there are significant differences in prices across different nations. Wealthier countries generally have higher gasoline prices while less affluent nations, particularly those that are leading in oil production and exportation, tend to have lower prices. It’s interesting to note that the United States, despite being an economically developed country, is an exception to this trend.

Countries with the lowest petrol prices, 2024

RankCountryGasoline prices (liter, U.S. Dollar)
1Iran 0.029
2Libya 0.031
3Venezuela 0.035
4Algeria0.342
5Kuwait0.342
6Angola 0.362
7Egypt0.403
8Turkmenistan 0.428
9Malaysia0.446
10Bahrain 0.53
11Kazakhstan 0.534
12Bolivia0.54
13Iraq 0.572
14Qatar0.577
15Azerbaijan 0.588
16Russia0.617
17Oman0.621
18Saudi Arabia0.621
19Ecuador0.634
20Sudan 0.7
21Belarus0.713
22Nigeria 0.722
23United Arab Emirates0.738
24Lebanon0.76
25Kyrgyzstan 0.801
26Argentina0.818
27Tunisia 0.824
28Paraguay 0.842
29Indonesia0.874
30Syria 0.876
31Bhutan 0.891
32Panama0.909
33United States0.911
34Vietnam0.923
35Maldives 0.931
36Pakistan0.958
37Puerto Rico0.97
38El Salvador1
39Gabon 1.002
40Taiwan1.01
41Liberia 1.021
42Guyana1.026
43Colombia1.031
44Ghana1.033
45Lesotho1.048
46Honduras1.055
47Suriname1.056
48Afghanistan 1.059
49Guatemala1.059
50Curacao1.079
51Uzbekistan 1.118
52Haiti 1.119
53Namibia1.122
54Swaziland 1.124
55Botswana 1.125
56Dominica 1.129
57Bangladesh 1.136
58Trinidad & Tobago 1.139
59Benin1.145
60China1.146
61Brazil1.15
62Cambodia1.16
63Zambia1.162
64Turkey1.169
65Philippines1.172
66Australia1.173
67DR Congo 1.178
68Togo 1.179
69South Korea1.203
70South Africa1.205
71Cameroon1.229
72Canada1.239
73Japan1.242
74Georgia1.245
75Poland1.245
76Thailand1.251
77Nepal1.251
78Tanzania1.252
79India1.252
80Cuba 1.26
81Grenada1.271
82Madagascar1.277
83Burma1.291
84Rwanda1.298
85Dom. Republic1.318
86Aruba1.321
87Cape Verde1.323
88Moldova1.326
89Fiji1.33
90Nicaragua1.335
91Jamaica1.341
92Saint Lucia1.343
93Mozambique1.35
94Laos1.353
95Kenya1.36
96Peru1.36
97Ethiopia 1.375
98N. Macedonia1.381
99Guinea 1.392
100Bahamas 1.396
101Ukraine1.41
102Mongolia 1.41
103Bosnia & Herz.1.418
104Mexico1.423
105Costa Rica1.425
106Sri Lanka1.429
107Burkina Faso1.431
108Uganda 1.438
109Chile1.441
110Mali 1.458
111Bulgaria1.465
112Ivory Coast1.473
113Malta1.48
114Cyprus1.485
115Romania1.487
116Malawi1.499
117Andorra1.512
118Burundi 1.523
119Sierra Leone1.524
120Slovenia1.539
121Lithuania1.545
122Zimbabwe1.55
123Mauritius1.558
124Morocco 1.563
125Jordan1.592
126Seychelles 1.595
127Czech Republic1.607
128Montenegro1.613
129Hungary1.621
130Cayman Islands1.628
131Austria1.633
132Luxembourg1.636
133Croatia1.64
134Serbia1.65
135Senegal 1.667
136Spain1.688
137Latvia1.7
138Slovakia1.713
139Sweden1.727
140Belgium1.752
141New Zealand1.764
142United Kingdom1.801
143Estonia1.806
144Portugal1.815
145San Marino 1.842
146C. Afr. Rep. 1.852
147Ireland1.895
148Belize 1.908
149Germany1.91
150Mayotte1.933
151Uruguay1.934
152Wallis and Futuna 1.948
153Italy1.954
154France1.968
155Finland1.98
156Liechtenstein 1.988
157Albania 1.995
158Greece2.011
159Barbados2.016
160Switzerland2.028
161Singapore2.03
162Israel2.065
163Netherlands2.085
164Norway2.107
165Denmark2.114
166Iceland2.325
167Monaco 2.353
168Hong Kong3.101

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Frank Brown, D.Litt.

Frank Brown, D.Litt.

Frank Brown, D.Litt. in Public Affairs and Media Strategy, is the Global Managing Editor at CEOWORLD Magazine, where he crafts and oversees editorial strategies focused on financial leadership, brand reputation, and global market insights. Originally from Madrid, Frank brings over a decade of experience in business journalism and strategic communication.

Before CEOWORLD, he worked as a financial correspondent in Europe and Latin America, later transitioning into public affairs consulting for Fortune 500 companies. Frank is known for his ability to distill complex financial concepts into accessible, high-impact stories that inform decision-makers and shape executive narratives. His work at CEOWORLD includes deep-dive market analyses, CEO interviews, and features on evolving investor relations strategies. He leads a multilingual editorial team and contributes to content in both English and Spanish.

Frank holds degrees in International Finance and Strategic Communications, and he frequently speaks at global forums on reputation management, stakeholder communication, and financial media ethics. Passionate about bridging finance and storytelling, Frank believes that clear communication is essential for business growth and trust. At CEOWORLD, his mission is to help global leaders navigate business uncertainty with insight, transparency, and confidence.

Email Frank Brown at frank@ceoworld.biz
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