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Petrol is cheapest in these 10 countries

Last updated on: March 18, 2013 11:52 IST

Petrol is cheapest in these 10 countries

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Petrol prices are the most volatile across the world. The price of petrol depends on the price of crude oil, taxes, exchange rate and oil company costs.

Petrol price has been slashed by Rs 2 per litre in India, the steepest reduction in rates in nine months.

Take a look at 10 countries where petrol is cheapest according to a report by 'This is Money' and Evans Halshaw.

Venezuela

Price per litre: Rs 6.49 ($0.12)
Percentage of monthly income spent on petrol: 2.73%

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Image: Maracaibo in Venezuela.
Photographs: Giancarlo Rossi/Wikimedia Commons.
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Egypt

Price per litre:Rs 7.30 ($0.14)
Percentage of monthly income spent on petrol: 4.39%

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Image: White Knight Bay, Egypt.
Photographs: Marc Ryckaert/Wikimedia Commons.
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Saudi Arabia

Price per litre: Rs 8.12 ($0.15)
Percentage of monthly income spent on petrol: 0.98%

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Image: Kingdom Centre, Riyadh, Saudi Arabia
Photographs: BroadArrow/Wikimedia Commons.
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Qatar

Price per litre: Rs 9.74 ($0.18)
Percentage of monthly income spent on petrol: 0.40%

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Photographs: Nijusby/Wikimedia Commons.
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Bahrain

Price per litre: Rs 12.50 ($0.23)
Percentage of monthly income spent on petrol: 1.81%

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Image: Coastal area in Bahrain.
Photographs: Soman/Wikimedia Commons.
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Libya

Price per litre: Rs 12.50 ($0.23)
Percentage of monthly income spent on petrol: 3.32%

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Image: Tripoli Central Business District.
Photographs: Wikimedia Commons.
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Turkmenistan

Price per litre: Rs 14.31 ($0.26)
Percentage of monthly income spent on petrol: 17.79%

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Image: Presidential Palace, Ashgabat
Photographs: Wikimedia Commons.
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Kuwait

Price per litre: Rs 14.31 ($0.26)
Percentage of monthly income spent on petrol: 1.2%

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Image: Kuwait city.
Photographs: Fawaz/Wikimedia Commons.
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Algeria

Price per litre: Rs 14.31 ($0.26)
Percentage of monthly income spent on petrol: 11.85%

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Image: Refinery located in Sidi Arcine (Baraki, Algiers).
Photographs: Wikimedia Commons.
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Iran

Price per litre: Rs 17.93 ($0.33)
Percentage of monthly income spent on petrol:6.53%



Image: Tehran.
Photographs: Babak Farrokhi/Wikimedia Commons.
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