Add to your information: The cheapest petrol in the world!

Site Reviewer

When it comes to petrol, you'll struggle to find many other countries
with higher prices than Britain. In fact, to be precise — if you did
look, you'd find two.

Yes, according to stats from Car Insurer Staveley Head, the UK has
the third priciest pump rates in the world, with an average price of
135p per litre. Norway's capital, Oslo, tops the rankings with an
average price of 164p per litre.

10. Algeria: Algiers — 20p per litre

Algeria is one of the Africa's biggest oil producers turning out an
average of 1.2 million barrels a day. This flood of oil has pushed down
petrol prices in the country to 20p per litre, more than six times
cheaper than the average pump price here in the UK.

The country's petrol supplies also played a vital role in the recent
battle against Colonel Gaddafi in neighbouring Libya. With petrol
production in the war-torn country running dry, rebel fighters relied on
smuggled fuel from Algeria to power the final push against the corrupt
dictator. Hurrah!

9. Oman: Muscat — 20p per litre

Oman's petrol prices also stand at just 20p per litre. Like Algeria,
the Arabic state is drenched in oil, stepping up production in the last
six months to 878,000 barrels every day.

8. Egypt: Cairo — 19p per litre

Egypt is something of a transport hub when it comes to petrol. The
Suez Canal — a vital supply line running across the east of the country —
carries an estimated one million barrels of oil from the Persian Gulf
every day.

That's why at the peak of the country's revolution against former
President Hosni Mubarak, oil prices began to climb, amid fears that the
unrest would interfere with the Suez supply route.

But while this oil price rise pushes up petrol costs here in the UK,
the rate petrol is sold at the pump over in Egypt remains relatively
low, at just 19p per litre. But with the country's government still
anything but stable, it's anyone guess as to how long costs will stay
this cheap.

[See also: UK supermarkets cut petrol prices]

7. Qatar: Doha — 15p per litre

Prior to the discovery of oil in Qatar, the small Arab emirates'
economy was mainly built on fishing and pearl hunting. Now the country's
national petroleum supplier accounts for 70% of the government's
revenue. Recent high oil prices have made per capita income in Qatar
amongst the highest across the globe while petrol prices are the seventh
lowest at just 15p per litre.

6. Kuwait: Kuwait City — 14p per litre

Kuwait is tenth largest oil producer in the world and its supply is
thought to account for 10% of global reserves. But nevertheless, the
government subsidises both public transport and petrol bringing prices
down to just 14p per litre.

5. Bahrain: Manama — 13p per litre

Compared with its Middle-Eastern neighbours, Bahrain has fairly
limited oil supplies. However 60% of the country's economy is still
rooted in petroleum refining, which has grown strongly over the last ten
years. The country is at fifth in the rankings with an average petrol
price of just 13p per litre.

4. Turkmenistan: Ashgabat — 12p per litre

The UK government taxes petrol to the high-heaven, while in
Turkmenistan they give it away — literally. Every driver in the Turkic
state is entitled to 120 litres of petrol for free every month. If they
exceed this, the pump price is only 12p per litre.

3. Libya: Tripoli — 9p per litre

As I mentioned earlier, petrol supplies in Libya have dried up
recently owing to the closure of several oil plants in the midst of
unrest in the country. But when pumping at its prime level, the country
is the ninth largest oil producer with an average petrol price of just
9p per litre.

2. Saudi Arabia: Riyadh — 8p per litre

Saudi Arabia is the largest exporter of petroleum in the world.
Domestically fuel prices sit at around 8p per litre. Yet only half of
the population can take advantage of these low rates; as women in Saudi
Arabia are banned from driving due to a religious fatwa (Islamic law)
imposed by conservative Muslim clerics.

1. Venezuela: Caracas — 2/3p per litre

Yes, to get hold of the cheapest petrol in the world, you'll have to
travel all the way to the South American country of Venezuela. Petrol is
just 2-3p per litre in the socialist republic — that's around 54 times
cheaper than prices here in the UK. So if you have a 70 litre fuel tank
in your car, you could fill it up in Venezuela for around £1.50. While
In Britain it would cost you a whopping £95.

Prices are kept low ()()() to subsidies from the country's left-wing government.

[See also: How to save on petrol in the UK]

A matter of context

Now, before you all start weeping at the prospect of 2p per litre
petrol, it's worth remembering that these insanely low rates almost
always come at some cost.

Take Venezuela. Yes, the country may have outrageously low petrol
prices. But vast numbers of its residents live in poverty - the UN
calculates 30% of the population live on less than $2 a day. As The
Guardian's South America correspondent Rory Carroll points out, some
analysts place the overall cost to economy of maintaining such low
petrol prices (through subsidies and loss of taxation) at around £13bn.
That's more than double the education and health budgets.

But this doesn't mean that the cost of petrol isn't unfairly high in
this country, especially when you consider that the UK is actually
amongst the top 20 oil producing countries in the world.[/center]

Site Reviewer

Quote :: 10. Algeria: Algiers — 20p per litre

Algeria is one of the Africa's biggest oil producers turning out an
average of 1.2 million barrels a day. This flood of oil has pushed down
petrol prices in the country to 20p per litre, more than six times
cheaper than the average pump price here in the UK.

The country's petrol supplies also played a vital role in the recent
battle against Colonel Gaddafi in neighbouring Libya. With petrol
production in the war-torn country running dry, rebel fighters relied on
smuggled fuel from Algeria to power the final push against the corrupt
dictator. Hurrah!

...and the price of petrol still remains the most expensive among oil producers (I know that with my cigarette + petrol spreading here and there in the post I'll create a catastrophe

Honour Member

Be careful dear Redouane.Watch out!