Petrol cheaper than water in top 3 countries
Petrol is being sold cheaper than water in top 3 countries. The prices of 3 liter fuel are so low that governments are giving huge subsidies. Can you imagine that the petrol for which we empty our pockets is almost free in some parts of the world, reports Obnews News Network Delhi.
Fuel rates are at their lowest in countries like Iran, Libya and Venezuela due to huge oil reserves and hefty subsidies given by governments. According to the latest data of March 2026, let us know where the cheapest petrol is available in the world.
iran cheapest
Currently Iran is at number 1 in the world. The price of petrol here is just between Rs 2.50 to Rs 3 per litre. However, to stop smuggling, the government has implemented a quota system of 160 liters here.
location of libya
This country of North Africa is at number two. Petrol is available here at an average price of Rs 2.64 per litre, which is very attractive.
Venezuelan situation
Venezuela, which was once number 1, is now at third position. Here the price with subsidy is around Rs 3 per litre, but after crossing the limit of 120 litres, the rate reaches Rs 40.
condition of gulf countries
Kuwait King The competition of petrol prices among Gulf Cooperation Council countries is quite interesting. Here Kuwait leads, while India is at 73rd place, with prices swinging between 95 to 105.
India vs neighboring countries
Interestingly, petrol in the neighboring country Pakistan is much cheaper than in India, around Rs 80-84 per litre. At the same time, even in the African country Angola, fuel is only around Rs 27 per litre.
reasons behind the difference
There are two main reasons behind this huge difference: crude oil reserves and taxes. Iran and the Gulf countries have their own oil, while India imports more than 80% of its needs.
Thus, it is clear how much petrol prices can vary in different countries and what are the reasons behind it.
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