Countries with world's highest and lowest oil derivative prices

Countries with world's highest and lowest oil derivative prices

As inflation increases and the cost of living deteriorates, many have begun to feel the pressure of rising prices, especially for those driving cars. The most expensive oil in the world is currently in Hong Kong, with prices costing an average of 2.85 euros per litre. 10 countries with the most expensive derivative prices [...]

The most expensive oil in the world is currently in Hong Kong, with prices costing an average of 2.85 euros per litre.

10 countries with the most expensive prices of oil derivatives in the world per litre:

Hong Kong 2,85 euros

Finland - 2.52 euros

Iceland ) 2.93 euros

Norway - 2.44 euros

Greece has 2.42 euros

Denmark - 2.40 euros

The Netherlands - 2.36 euros

Central African Republic ($2.28)

Monaco ) 2.26 euros

Singapore 2.22 euros

10 countries with the cheapest litre prices worldwide:

Venezuela 20 cents

Libya 29 cents

Iran 51 cents

Syria 27 cents

Algeria 29 cents

Kuwait 27 cents

Angola 35 cents

Nigeria 39 cents

Turkmenistan 40 cents

Malaysia 44 cents

The average price of gasoline worldwide is 1.39 euros per litre.

However, there are substantial differences in these prices among countries around the globe, Mirror reports.

Wealthier countries tend to get higher prices, while poorer countries and countries that produce and export oil have markedly lower prices. A visible exception is the United States, which generally has low gas prices at 1.30 euros per litre.

Gas prices vary from country to country due to taxes and subsidies imposed by the country.

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