Iran is currently offering the cheapest petrol in the world, priced at about $0.03 (around Rs. 8.4) per liter, as of December 17, 2025. This information is based on reports from Rhinocarhire.com. The extremely low fuel price is mainly due to long-standing government subsidies that keep petrol affordable for the public.
Venezuela is the second cheapest, with petrol costing around $0.04 per liter. Other oil-producing countries, including Kuwait, Saudi Arabia, and Algeria, also sell fuel at relatively low prices compared to most parts of the world. These countries are able to do so because of their large oil reserves and government support policies.
Low petrol prices provide major relief to citizens by reducing transportation costs and everyday expenses. They also support businesses that rely heavily on fuel. However, such heavy subsidies can place pressure on government budgets and may affect long-term economic stability, especially during times of low oil revenue or economic challenges.
Fuel prices vary widely across the world. Factors such as local oil production, government taxation and subsidy policies, currency exchange rates, and global market conditions all play a role in determining how much people pay at the pump. This creates a strong contrast between countries with very cheap fuel and those where petrol is expensive.
This information is shared for general awareness and is based on available reports. The image is used for reference only. For the most accurate and up-to-date details, readers are advised to consult official sources.
