Venezuela is known for offering the lowest petrol prices globally, incredibly priced at just 2 pence (GBP) per liter. This affordability is a result of the country having vast oil reserves. However, this situation contrasts with the fact that people in Venezuela have low incomes.
It’s interesting to mention that countries in the oil-rich Middle East are also well-known for having some of the most affordable petrol prices in the world. This is due to their substantial oil resources, which enable them to keep prices low.
