In this Video we can watch List of Top Countries with Cheapest Petrol Prices (Cost Per 1 Litre Gasoline liter, 15-Feb-2021)
The average price of gasoline around the world is 1.08 U.S. Dollar per liter. However, there is substantial difference in these prices among countries. As a general rule, richer countries have higher prices while poorer countries and the countries that produce and export oil have significantly lower prices. One notable exception is the U.S. which is an economically advanced country but has low gas prices. The differences in prices across countries are due to the various taxes and subsidies for gasoline. All countries have access to the same petroleum prices of international markets but then decide to impose different taxes. As a result, the retail price of gasoline is different.
Disclaimer: The probability comparison / comparison video is made based on relevant sources and community discussions, the facts and numbers listed in the video might not be up to the date, valid or in any specific order.
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