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While international conflicts pressure the energy market and increase oil volatility, a new survey shows which nations manage to keep extremely low prices at the pumps and where Brazil appears in this global scenario.
The price of fuels continues to be one of the most sensitive topics for consumers, governments, and financial markets worldwide. In 2026, a new international survey drew attention again by revealing which countries have the cheapest gasoline in the world and how factors such as oil production, government subsidies, and tax burden directly influence the amount paid by drivers.
The information was released by Global Petrol Prices in 2026 and echoed by various media specialized in energy and economy. The study shows that countries with large oil reserves continue to dominate the top positions in the ranking, while developed economies appear among the places where refueling is more expensive.
Furthermore, the survey was released at a time of strong geopolitical instability. At the same time, tensions involving the United States, Israel, and Iran increased the volatility of the international market. As a result, the price of a barrel of oil exceeded the mark of US$ 100 throughout the year.
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Libya, Iran, and Venezuela lead the world ranking
Among the countries with the cheapest gasoline in the world, the absolute leader was Libya. According to the survey, a liter of gasoline costs only US$ 0.023 in the African country.
Next are Iran, with an average price of US$ 0.029 per liter, and Venezuela, where the fuel costs approximately US$ 0.035 per liter.
These three countries have similar characteristics. All have large oil reserves and adopt strong state participation in setting fuel prices.
Moreover, in many cases, governments directly subsidize the product. Thus, they manage to keep prices extremely low for the population, regardless of international market fluctuations.
On the other hand, experts point out that these prices do not always reflect the real costs of production or distribution. In many cases, they represent strategic decisions of economic and energy policy.
Meanwhile, other nations in the Middle East and Africa also appear among the countries with the cheapest gasoline in the world. This scenario reinforces the influence of local oil production on the prices practiced at the pumps.
International crises continue to influence fuels
The ranking was released in an international context marked by strong instability.
In recent months, geopolitical conflicts involving the United States, Israel, and Iran have caused successive fluctuations in global energy markets. As a result, investors have started to constantly monitor the behavior of oil.
Additionally, statements by President Donald Trump contributed to increasing the volatility of international commodity contracts.
Consequently, both producing and importing countries felt the impacts of price variations. In many markets, the changes quickly reached the final consumers.
Therefore, governments from different regions continue to adopt distinct strategies to reduce economic impacts and control the inflation caused by fuels.
Brazil occupies an intermediate position in the ranking
Among the highlights of the survey is Brazil’s position.
According to Global Petrol Prices, the country appears in the 65th position among the countries with the cheapest gasoline in the world. The average price recorded was US$ 1.273 per liter, equivalent to approximately R$ 6.56.
This result places Brazil in an intermediate position within the global ranking.
On one hand, the country is far from the nations that offer fuel for just a few cents. On the other hand, it also remains far from the markets that record the highest prices on the planet.
Experts point out that several factors help explain this positioning. Among them are the pricing policy linked to the international market, distribution costs, and the tax burden on fuels.
Furthermore, when compared to other Latin American countries, Brazil appears behind nations like Paraguay and Bolivia, where internal policies and logistical structures contribute to lower prices.
The United States deviates from the pattern of developed economies
Another data point that draws attention in the ranking is the position of the United States.
Even being one of the largest economies in the world, the country has an average price of US$ 1.141 per liter.
This value is considered relatively low when compared to other developed nations.
According to Global Petrol Prices itself, the United States represents an exception to the pattern observed globally.
This occurs mainly due to two factors. First, the country has one of the largest internal oil productions on the planet. Second, the taxation on fuels tends to be significantly lower than that observed in European countries.
As a result, American consumers can refuel paying less than inhabitants of various advanced economies.
Where gasoline is most expensive on the planet
If some countries can sell fuel for just a few cents, others face a completely different reality.
At the other end of the ranking is Hong Kong. According to the survey, the price of gasoline is US$ 4.106 per liter.
This value places the region among the most expensive places in the world to refuel.
In addition to Hong Kong, other countries also record high prices due to the combination of low internal oil production, high logistical costs, and strong taxation.
In various European markets, for example, environmental taxes and policies aimed at energy transition represent a significant portion of the amount paid by consumers.
Consequently, the fuel ends up costing several times more than in oil-producing countries.
Why do prices vary so much between countries?
The difference observed between the countries with the cheapest gasoline in the world and those with the highest prices results from a combination of economic and structural factors.
Among the main elements are:
- Oil production: producing countries have a greater capacity to reduce internal costs.
- Government subsidies: allow artificially lower prices for consumers.
- Tax burden: especially high in various European economies.
- Logistical costs: transportation, storage, and importation directly influence the final price.
Additionally, local energy policies also play a fundamental role.
For this reason, the price of gasoline can vary from just a few cents to over $4 per liter depending on the country analyzed.
In this scenario, the 2026 survey shows that geopolitics, oil production, and government decisions remain decisive factors in determining how much each driver pays when refueling their vehicle.
If Brazil is a major oil producer, in your opinion, should Brazilians pay less for gasoline at the pumps? Share your view in the comments.
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