How much is the cheapest gas in the world?

As of early 2026, the cheapest gasoline in the world is found in Iran and Libya, where prices are approximately $0.03 USD per litre (roughly $0.11–$0.12 per gallon). These extremely low prices are primarily due to heavy government subsidies and abundant domestic oil production.

What country has the cheapest gas in the world?

At a glance where and how much is the cheapest Petrol in the World?

• 1st Iran, Middle East. €0.03 ($0.03)
• 2nd Venezuela, South America. €0.03 ($0.04)
• 3rd Angola, Africa. €0.28 ($0.33)
• 4th Kuwait, Middle East. €0.29 ($0.34)

Which is the cheapest fuel in the world?

Iran | Iran remains the world leader for being the cheapest supplier of petrol to its residents, with petrol priced at just $0.029 (₹2.51) per litre. The country's vast oil reserves allow for low production costs, while the government heavily subsidises fuel to maintain economic stability for its citizens.

Who has the cheapest gas prices in the country?

The highest average gas prices are in Hawaii ($4.41 per gallon), California ($4.21) and Washington ($3.80). Oklahoma has the lowest average gas price ($2.32 per gallon), ahead of Texas ($2.42) and Kansas, Louisiana and Mississippi (tied at $2.43). Average gas prices only increased between Jan. 15, 2025, and Jan.

Where is gas the cheapest in Europe?

The cheapest place to drive in Europe is Belarus. Motorists here pay just €0.66 (well, the equivalent in rubles) per litre for petrol. It is also the cheapest country in Europe for diesel at €0.66 per litre.

This country has the cheapest gas in the world

Is fuel cheaper in Spain or the UK?

Where will your money take you furthest? Drivers in Spain are likely to fare best. The research found the average price per litre there was £1.40 for unleaded petrol, 4p lower than the UK, and diesel was £1.25 per litre, 21p less than at home.

Where in California is gas $10?

The most expensive gas in the US is at this California station at nearly $10 a gallon: Gas Buddy. A gas station in Mendocino, Northern California, is now charging nearly $10 a gallon. According to GasBuddy, it's the most expensive gas in the US.

What is the highest gas price ever recorded?

According to CNN Business, the price of gas at the pumps across the nation met an all-time-high average of $5.02 per gallon on June 14, 2022.

Why is fuel so cheap in Iran?

Iran currently holds the record for the cheapest petrol prices in the world, a result of decades-long government subsidies designed to keep fuel affordable for its population. These subsidies make everyday transportation costs almost negligible for local consumers.

How much is 1 liter of petrol in Venezuela?

Venezuela: The price of octane-95 gasoline is 0.84 Venezuelan Bolivar per liter. For comparison, the average price of gasoline in the world for this period is 31.01 Venezuelan Bolivar. The chart below shows the price of gasoline in the country relative to other countries. Use the drop menu to see the prices in gallons.

Why is libya fuel so cheap?

Libya. In Libya, fuel costs about $0.03 per litre while bottled water costs roughly $0.45 per litre. Libya's oil wealth and subsidies keep petrol very cheap. Water is costlier due to scarcity and supply challenges.

Is fuel cheaper in Australia or the UK?

Petrol costs in Australia are cheaper. A litre of petrol will cost you the equivalent of £1.05 in Australia compared to £1.55 in the UK.

Is petrol cheaper in the UK or France?

FAQ about prices in filling stations in France

It is about 10% more expensive than in the UK. As of January 2023, the average petrol price in France is around 1.87 EUR per litre. How much is diesel in France (per litre)? How much is LPG in France?

What country is gas most expensive in?

The countries with the most expensive gas

1. 1 – Hong Kong: $14.60 per gallon of petrol. ...
2. 2 – Monaco: $10.42 per gallon of petrol. ...
3. 3 – Iceland: $10.28 per gallon of petrol.

Where in the USA is gasoline under $2?

There are 14 US States with gas under $2 right now $1.49 - Colorado $1.77 - Texas $1.84 - Oklahoma $1.84 - Wyoming $1.88 - Iowa $1.88 - Missouri $1.91 - Kansas $1.94 - Nebraska $1.97 - Ohio $1.99 - Arkansas $1.99 - Louisiana $1.99 - Minnesota $1.99 - Mississippi $1.99- Tennessee.

Where is gas the most expensive in America?

1. California

California consistently has the highest gas prices per gallon in the country. With strict environmental laws, special fuel blends and some of the highest gas taxes in the U.S., drivers here can expect to pay well above the national average.

Which country is petrol cheapest in?

Here we see the Top 10 countries that pay the least amount of money for their petrol. Venezuela is the world's cheapest country to buy petrol, where amazingly it costs just 2 pence (GBP) a litre. This is because it's home to some of the biggest oil reserves in the world.

Why is gas so expensive in France?

The discrepancy can be explained by three main factors: The retail price at the pump includes taxes, which are high in France, Germany, and the United Kingdom, but much lower in the United States. In France in particular, taxes will account for around 50% of the price of fuel in 2025.