Top 10 countries with the cheapest petrol prices in 2025

Fuel is essential for daily commutes, powering cars, buses, and motorcycles that transport millions worldwide. Affordable petrol or diesel ensures smoother mobility, impacting work, education, and economic activities.

Here are the top ten countries who provide cheapest fuel in the world:

Iran retains its position as the country with the lowest petrol prices globally, with heavy government subsidies keeping rates as low as $0.029 per litre. Despite international sanctions limiting oil exports, Iran continues to provide fuel at a fraction of global prices.

Libya follows closely behind Iran, selling petrol at $0.031 per litre. The country, home to Africa’s largest oil reserves, keeps fuel prices low through subsidies, though smuggling and economic instability remain challenges.

Venezuela, despite its massive crude oil reserves, prices petrol at just $0.035 per litre. However, hyperinflation and mismanagement have led to shortages, even with the heavily subsidised rates.

4) Angola

Angola, one of Africa’s leading oil producers, maintains petrol prices at $0.328 per litre. Government subsidies ensure affordability, although economic inequality remains a concern.

Egypt sells petrol for $0.339 per litre, balancing subsidies with gradual price adjustments as part of economic reforms. The country’s dual role as a producer and consumer keeps prices relatively low.

Algeria, a major oil and gas exporter, offers petrol at $0.340 per litre. While subsidies keep costs low, the country’s reliance on oil revenue makes it vulnerable to price fluctuations.

Kuwait, with vast crude oil reserves and one of the lowest production costs globally, sells petrol for $0.341 per litre. Subsidies are part of the government’s broader social welfare programs.

Turkmenistan benefits from extensive oil and gas reserves, offering petrol at $0.428 per litre. The government regulates fuel prices to ensure affordability, keeping costs lower than the global average.

Malaysia, as a net oil exporter, sells fuel at $0.467 per litre. The government provides subsidies to keep prices low while promoting economic growth and energy efficiency.

Kazakhstan maintains relatively low petrol prices at $0.473 per litre, benefiting from its significant oil and gas resources. Domestic production and controlled pricing ensure affordability for its citizens.

Where do Pakistan and India stand?

In the list , Pakistan ranks 36th among the world's cheapest petrol markets, with fuel prices lower than India, which stands at 73rd place, and Bangladesh at 46th.