There is also a country in the world where petrol is cheaper than water. The largest reserves of crude oil are in the South American country of Venezuela. For many years, the world’s cheapest oil was available in this country, but now the situation has changed. Today, two countries have gone beyond this. Now, in terms of the cheapest oil in the world, Iran is on the first place and Libya is on the second place. West Asian country Iran also has large oil reserves. The price of petrol in this country is 0.029 dollars per liter.
On the other hand, if seen in terms of Indian currency, this amount is 2.42 rupees. That means you will have to spend 72.6 rupees to fill a 30 liter tank. In Delhi, the capital of India, the price of petrol is Rs 94.72 and the price of diesel is Rs 87.62 per litre. In many cities, the price of petrol is more than 100 rupees per litre. Petrol price is higher in Ireland, Finland, Germany, UK, Spain, Czech Republic, Chile, Romania, Mexico, Ukraine, Canada, Ethiopia, South Africa, Turkey and South Korea than in India.
After Iran, the world’s cheapest oil is found in the North African country of Libya. The price of petrol in this country is 0.031 dollars per liter, which is equivalent to 2.59 rupees in Indian rupees. Now the price of petrol in Venezuela is 0.035 dollars i.e. 2.92 rupees per liter. In Egypt, Kuwait, Algeria, Nigeria, Kazakhstan, Russia, Saudi Arabia, UAE, Indonesia and Pakistan, the price of petrol is less than one dollar. The price of petrol in Pakistan is 0.982 dollars i.e. about 82 rupees per liter.
The average price of petrol in India is 1.252 dollars i.e. about 104.43 rupees. Petrol is cheaper in USA, Bangladesh, Argentina, Japan, Brazil, Australia and China as compared to India. Let us tell you that the world’s most expensive petrol is in Hong Kong. In this country, you have to spend 3.212 dollars i.e. 268.06 rupees for one liter of petrol. The price of petrol in Monaco, one of the smallest countries in the world, is $2.312. In European countries Denmark, Netherlands, Norway, Switzerland, Italy and France, the price of petrol is more than two dollars per liter.
Venezuela,officially the Bolivarian Republic of Venezuela, is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in the Caribbean Sea. Venezuela comprises an area of 916,445 km2 (353,841 sq mi), and its population was estimated at 29 million in 2022.The capital and largest urban agglomeration is the city of Caracas.