This is what petrol costs around

the world (as of February 2021)

Srishti P
February 23, 2021 · 1 min read

3d illustration of oil pump jacks on sunset sky background

with financial analytics charts. Concept of falling oil prices
(Artem_Egorov via Getty Images)

Did you know, as a general rule, petrol prices are

higher in richer countries while poorer countries
and the countries that produce and export oil
have significantly lower prices?

The average price of petrol around the world is

1.08 U.S. Dollar per litre. However, there is a
marked difference in prices among countries.
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The only exception to this rule is the United

States 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
petrol is different.

Here's a look at petrol prices around the world

as of February 2021:

Also read: What the govt must do to slash

petrol, diesel prices immediately

Why do we pay taxes? Where does the money

go?

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