The fuel and diesel prices of the motor vehicles have shown a dramatic change in the past few years. As asserted by the various reports published in the United States, the gasoline prices have more than doubled between the years 2003 and 2008. Clearly, fuel prices have now become an emotional issue all around the world. Policy makers are also baffled these days and are looking for strategies that would bring a substantial decrease in these fuel prices. The countries like Norway, Britain, Turkey and Netherlands happen to be the most expensive in terms of petrol prices. The Middle East countries are no doubt rich in terms of petroleum reserves, which is the prime reason for which the external forces are trying to take control of their land. The latest example of which can be seen in Iraq which used to be the king of petrol reserves but is not occupied by the allied forces. Here I am going to share with the top 10 cheapest countries in the world for petrol 2012. Furthermore, I have used only a single currency for the prices of the petrol. Here is the list.
10. Iran
The price of per liter petrol in this country is nearly 21 p. Now if we estimate out the monthly cost it nearly comes out to be £25.36. Now this amount is only 6 % of the monthly income which the residents spend on petrol.
9. Algeria
The price per liters of petrol in Algeria is nearly 17 p, which amounts to £20.53 on a monthly basis. But this amount is nearly 11 percent of the total monthly income of the citizens.
8. Kuwait
The present price per liter of petrol in Kuwait is 17 p which makes nearly £ 20.53 on a monthly basis. Furthermore, it is only 1.2 % of the total monthly income which the citizens spend. This indeed shows that Kuwait is far better than Britain and Norway in terms of economy.
7. Turkmenistan
With nearly 17 p per liter price of petrol, Turkmenistan is at the 7th cheapest country in the world in terms of petrol.
6. Libya
The price per liters of petrol in Libya is nearly 15 p amounting to a monthly expense of £ 18.12. It is nearly 3 % of the total monthly income which the people in Libya spend on petrol.
5. Bahrain
The reported price per liter of petrol is 15 p, adding up to a monthly cost of £ 18.12. What’s more surprising is the fact that this amount is only 1.8 % of the monthly income.
4. Qatar
The price per liters of petrol in Qatar is nearly 12 p, thus making a monthly total of £ 14.49. This amount accounts for just 0.4 % of the monthly income of the citizens.
3. Saudi Arabia
With a 10 p price of per liters of petrol, Saudi Arabia is at the number 3rd spot. The monthly cost of petrol in Arabia is nearly £ 12.08 which is only 0.98 % of the monthly income of the citizens.
2. Egypt
Price/Liter: 9p in Egypt which takes the monthly cost to nearly £ 10.87.
1. Venezuela
The price per liter in Venezuela is 8p, with a monthly cost of £ 9.66, thus making it the cheapest country in the world in terms of petrol. This is the second time in a row that Venezuela has snatched the crown for being the cheapest in the world. The people who reside in the country claim the cheap prices to be one of their birth rights which no one can take from them. At the same time, the country is facing the problem of petrol smuggling, all because of the fact that their neighbor, Colombia which has to pay nearly 40 times the price per liter. But here another important thing is the monthly income of the citizens which is not up to the mark in comparison to the Middle East countries like Bahrain and Kuwait.
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