Turkmenistan entered the top 8 countries with the cheapest gasoline
Turkmenistan took eighth place in the ranking of countries with the cheapest gasoline. The cost of fuel in the country ($0.0.428) is three times less than the world average, according to GlobalPetrolPrices data at the beginning of January.
The average price of gasoline worldwide is $1.30 per liter. There are significant differences in gasoline prices between different countries. According to the portal, as a rule, rich countries have higher prices, while poor countries and countries that produce and export oil have significantly lower prices. A notable exception is the United States, an economically developed country with relatively low gasoline prices ($0.911).
The difference in prices in different countries is due to different taxes and subsidies on gasoline. The authors of the article noted that all countries have access to the same price of oil on international markets, but impose different taxes. As a result, gasoline prices also vary.
The cheapest gasoline, according to analysts, is currently sold in Iran ($0.029).
Next come Libya, Venezuela, Algeria, Kuwait. Angola and Egypt. Turkmenistan is in eighth place with a cost of $0.428 per liter.
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