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.
Petrol is cheapest in these 10 countries
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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.
Petrol is cheapest in these 10 countries
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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.
Petrol is cheapest in these 10 countries
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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.
Petrol is cheapest in these 10 countries
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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.
Petrol is cheapest in these 10 countries
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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.
Petrol is cheapest in these 10 countries
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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.
Petrol is cheapest in these 10 countries
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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.
Petrol is cheapest in these 10 countries
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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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