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The price of a liter of gasoline in Venezuela is R$0,19, worth less than a Coca-Cola! See the list of countries with the most expensive and cheapest fuels
In many countries, especially Brazil, the price of gasoline is a constant topic of debate and frustration. In recent years, fuels suffered large increases, significantly impacting the economy and consumers' pockets. However, Brazilian gasoline, despite being expensive, is not the most expensive in the world. Surprisingly, the price of a liter of gasoline in Venezuela is just R$0,19, making it cheaper than a bottle of Coca-Cola, according to the Auto Papo Uol website.
Global prices per liter of gasoline
The website Global Petrol Prices has compiled a list of countries with the highest and lowest gasoline prices. The variation in the price of a liter of gasoline around the world is impressive, ranging from R$17,37 to R$0,15. Below, we present the rankings of the countries with the most expensive and cheapest fuels in the world, with values in US dollars.
Most expensive gasoline in the world
- Hong Kong: US$3,21
- Monaco: US$2,32
- Iceland: US$2,29
- Netherlands: US$2,28
- Denmark: US$2,20
- Liechtenstein: US$2,19
- Switzerland: US$2,11
- Israel: US$2,10
- Barbados: US$2,09
- Norway: US$2,08
Hong Kong, a special administrative region of China, stands out at the top of the list with the price of a liter of gasoline reaching around R$17,37. Filling a 40-liter tank can cost approximately R$694,64. The other nations in the ranking also have high prices, with Norway, in 10th place, charging R$11,38 per liter and R$455,10 to fill a tank.
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Cheapest Gasoline in the World
- Iran:$0,029
- Libya: US$0,031
- Venezuela: US$0,035
- Egypt: US$0,285
- Algeria: US$0,342
- Kuwait* US$0,343
- Angola: US$0,351
- Turkmenistan: US$0,429
- Malaysia: US$0,436
- Nigeria: US$0,474
The difference between the top three and the rest is significant. In Venezuela, a liter of gasoline costs just R$0,19, while in Egypt the price is R$1,55. This discrepancy can be attributed to the proximity and relationship of these countries with oil extraction and refining. In Iran, where the price is the lowest in the world (approximately R$0,16), Filling a 40-liter tank costs just R$6,27, a lower value than many basic items such as coffee, soda or chocolate.
Brazil's position in the ranking
In 2024, Brazil occupies the 46th position among the countries with the cheapest gasoline, with a liter of gasoline costs an average of R$5,85. Although it is far from the astronomical prices seen in Hong Kong and Monaco, it also does not approach the extremely low prices in Iran, Libya and Venezuela.
The difference in gasoline prices around the world reflects a variety of economic, political and social factors.
Countries with abundant access to oil resources, such as Iran, Libya and Venezuela, are able to maintain extremely low prices due to government subsidies and internal production. In contrast, highly developed and densely populated countries such as Hong Kong face high import costs and high taxes, resulting in higher prices for consumers.
