Cheapest fuel in the world
The 169 countries we track, ranked from the lowest retail gasoline price. Updated July 2026.
Fuel is not priced the same way everywhere. In the countries at the top of this list, gasoline is sold below the cost of producing it — the state absorbs the difference. In the countries at the bottom of the world table, fuel carries excise duties and carbon taxes that can exceed the fuel itself. The result is a global range of $0.023 to $4.060 per liter, a factor of more than 177.
Across the 169 countries we track, the average retail price of Gasoline 95 is $1.476 per liter and the median is $1.495. 82 countries sit below that average. The ten cheapest markets are concentrated in oil-producing states with long-standing fuel subsidy programmes.
The 10 cheapest countries
Libya
$0.023/L
2
Iran
$0.029/L
3
Venezuela
$0.035/L
4
Angola
$0.327/L
5
Kuwait
$0.339/L
6
Algeria
$0.353/L
7
Turkmenistan
$0.428/L
8
Egypt
$0.488/L
9
Qatar
$0.574/L
10
Saudi Arabia
$0.621/L
Full ranking — 25 cheapest
| # | Country | Per liter | Per gallon | 50 L tank |
|---|---|---|---|---|
| 1 | Libya |
$0.023 | $0.09 | $1.15 |
| 2 | Iran |
$0.029 | $0.11 | $1.45 |
| 3 | Venezuela |
$0.035 | $0.13 | $1.75 |
| 4 | Angola |
$0.327 | $1.24 | $16.35 |
| 5 | Kuwait |
$0.339 | $1.28 | $16.95 |
| 6 | Algeria |
$0.353 | $1.34 | $17.65 |
| 7 | Turkmenistan |
$0.428 | $1.62 | $21.40 |
| 8 | Egypt |
$0.488 | $1.85 | $24.40 |
| 9 | Qatar |
$0.574 | $2.17 | $28.70 |
| 10 | Saudi Arabia |
$0.621 | $2.35 | $31.05 |
| 11 |  Oman |
$0.622 | $2.35 | $31.10 |
| 12 |  Iraq |
$0.649 | $2.46 | $32.45 |
| 13 |  Kazakhstan |
$0.672 | $2.54 | $33.60 |
| 14 |  Azerbaijan |
$0.676 | $2.56 | $33.80 |
| 15 |  Sudan |
$0.700 | $2.65 | $35.00 |
| 16 |  Bahrain |
$0.714 | $2.70 | $35.70 |
| 17 |  Nigeria |
$0.816 | $3.09 | $40.80 |
| 18 |  Malaysia |
$0.825 | $3.12 | $41.25 |
| 19 |  Vietnam |
$0.834 | $3.16 | $41.70 |
| 20 |  Tunisia |
$0.852 | $3.23 | $42.60 |
| 21 |  Niger |
$0.868 | $3.29 | $43.40 |
| 22 |  Ecuador |
$0.875 | $3.31 | $43.75 |
| 23 |  UAE |
$0.896 | $3.39 | $44.80 |
| 24 |  Russia |
$0.908 | $3.44 | $45.40 |
| 25 |  Belarus |
$0.914 | $3.46 | $45.70 |
What this means at the pump
Filling a 50-litre tank costs $1.15 in Libya and $203.00 in Hong Kong. Put differently, $50 buys roughly 2,174 litres in the cheapest market and about 12 litres in the most expensive one.
Subsidised prices are also the least stable. Because they are set by policy rather than by the market, they can hold flat for months and then move sharply when a government revises its budget — which is why a figure from last year is often useless in these markets.