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Posted on: Jun 04, '08

World's costliest & cheapest petrol

In dollar terms, the cost of petrol in India is around $1.32 (Rs 56) per litre. And it is set to rise by 10-15 per cent.

But even with the subsidy, India's petrol prices are higher than those in the United States or Russia or China or Pakistan, not to mention the Gulf nations that are the world's major oil producers. So imagine what will happen once subsidy is removed or reduced.

In India, 52 per cent of the price of petrol consists of duties and taxes (customs, excise and sales tax) leading to the high costs that people pay for.

Turkey: Rs 113.30 per litre
In Turkey, the prices of petrol are the highest in the world. Petrol costs a whopping $2.68 or about Rs 113.30 per litre here. Guess, it's not a place one would want to drive in.

Norway (Oslo): Rs 112 per litre
In Norway (Oslo), petrol prices are amongst the highest in the world and a shade lower than those in Turkey. In Olso petrol costs $2.65 or about Rs 112 per litre.

United Kingdom: Rs 95.50 per litre
In United Kingdom, too, the cost of petrol is shockingly high. Petrol costs $2.26 or about Rs 95.50 per litre here.

Hong Kong: Rs 84.10 per litre
In Hong Kong, petrol prices are a bit lower than in European nations, but it still boasts of the most expensive oil in Asia. Petrol costs $1.99 or about Rs 84.10 per litre in Hong Kong.

Brazil (Sao Paolo): Rs 66 per litre
In Brazil (Sao Paolo), the price of petrol is much higher than in India and costs $1.56 or approximately Rs 66 per litre.

Canada: Rs 57 per litre
In Canada, petrol costs $1.35 or about Rs 57 per litre, slightly more than the price in India or the United States.

Pakistan: Rs 44.80 per litre
In Pakistan, petrol costs less than it does in India. At $1.06 or about Rs 44.80 per litre, petrol is still affordable here.

The United States: Rs 44.25 per litre
In United States, petrol costs $1.047 or about Rs 44.25 per litre. And this is the price after a recent increase. Even this led to a huge uproar in the nation and reports said that many Americans are now looking to drive fuel-efficient small cars.

Russia (Moscow): Rs 42.275 per litre
In Russia (Moscow), petrol costs $1 or about Rs 42.275 per litre. Russia, of course, also has huge oil reserves.

China: Rs 31.30 per litre
In China, petrol costs $0.74 or about Rs 31.30 per litre. That is almost half of what it costs in India.

Malaysia (Kuala Lumpur): Rs 25.40 per litre
In Malaysia (Kuala Lumpur), petrol costs $0.60 or about Rs 25.40 per litre.

United Arab Emirates: Rs 15.65 per litre
In the United Arab Emirates, petrol costs $0.37 or about Rs 15.65 per litre.

Saudi Arabia (Riyadh): Rs 5 per litre
In Saudi Arabia (Riyadh), petrol costs $0.12 or about Rs 5 per litre. That's 10 per cent of what it costs in India! Petrol costs are phenomenally cheap in Riyadh, but not the cheapest in the world.

Venezuela (Caracas): Rs 2.12 per litre
In Venezuela (Caracas) petrol costs the least in the world. It is priced at $0.05 or Rs 2.12 per litre! The country subsidises fuel prices for its citizens from the money it makes from selling crude oil to other nations. Venezuela is a major oil-producing nation.

Tags: fuel, inflation, petrol, price, petrol prices

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subho999 said:
tring tring tring tring
Cycles may be solution.
Need separate lanes to ride them that's the smallest change we need.

July 14, '08

harsh7901 said:
nice compilation...fuel prices will keep on increasing...nothing is gonna stop.. ppl have to be on the move....

June 06, '08

manegautam said:
i completely agree with u oliveintl. shortly will have to start "Chalo Venezuela" Campaign.

June 05, '08

oliveintl said:
what a info...... wonder where is venezuela... Thinking of settling there.....

June 04, '08

zar1235 said:
thanks fr the news

June 04, '08

manegautam said:
i completely agree with u alamara2000. if fuel gets costlier then u might have to use bicycles, bullock carts, donkeys & horses.... or may be walk for miles.

we all really need to think of some alternative fuel like solar energy running cars or bikes.

June 04, '08

manegautam said:
nice to hear from of u.

June 04, '08

sazzyme said:
luv it gautam..thanks for the info.

i honestly cringe everytime i have to drive upto the gas station..

June 04, '08

live4life said:
Nice to read the statistics given by u. Its high time we revert back to our old modes of travels viz. bicycles, bullock-carts or even walk a distance, perhaps we may gain our deterioting healths.

June 04, '08

alamara2000 said:
No wonder cars are getting cheaper.Buy a car and with that 2 bullocks are free, hahahah.
If the subsidy is removed then horses, bullocks and donkeys will get costlier.

June 04, '08

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