These 6 countries have the cheapest petrol prices in the world

Algeria | Algeria falls fifth on the list of minimal rates for trading a liter of petrol in retail for its public which is close but still less than what India pays in taxes per liter. i.e., Rs 27.07

Angola | The African state of Angola after a recent revision is trading at the price of somewhere close to Rs. 26.

Iran | The Islamic Republic of Iran abundant with the presence of black gold in the Asian bloc is among the countries with the cheapest rate of petrol at Rs. 4.34/liter.

Libya | Africa’s fourth-largest country Libya comes next where the petrol price is just Rs. 2.54/liter.

Venezuela | On the list, the first country with the cheapest petrol rate across the globe is Venezuela which retails petrol at a meager rate of Rs. 1.31/liter.

India | At a time when Indians are struggling with all-time high petrol prices across the length and breadth of the country there exist some countries that deal in petrol retail even lesser than what Indian pay in tax/liter.

Crude Oil Extraction | The crude oil that is extracted and till we get it filled in the tanks of our vehicle comes after a series of tedious tasks and makes up a huge fraction including taxes.

Crude Oil | Fuel makes up a major proportion of any country’s economy, and probably can be said the most important factor of any nation’s GDP.

These 6 countries have the cheapest petrol prices in the world | These 6 countries have the cheapest petrol prices in the world