Countries with High and Low Petrol Prices – August 2025

Last updated on August 19th, 2025 at 01:46 pm

The world average petrol price is $1.28 per litre but greatly differs per country. The richer countries usually have high prices, and oil states or poor countries get it cheaper because of subsidies. America is a rich nation with relatively inexpensive gas. All these discrepancies are primarily caused by taxation policy, not access to oil—because all nations purchase oil at world market prices but determine their own taxes and subsidies.

Countries with High Petrol Prices 2025:

It is where some of the world’s most expensive petrol can be found in Iceland, Denmark, the Netherlands, Switzerland, and Singapore, where petrol is more than $2 per liter. Such countries have very high fuel taxes to finance green policies, cut carbon emissions, and encourage public transport. They are rich economies that opt for discouraging the use of private cars with prices and taxation, where fuel is priced higher than in other parts of the globe.

Petrol Price in European Union (EU) in 2025

Europe continues to host some of the world’s highest petrol prices, with the likes of Denmark, the Netherlands, and Iceland leading the way at more than $2 per litre. Prices are primarily high owing to substantial fuel taxes and ecological charges by governments. As the prices differ, Western European countries are generally well above the world average of $1.28 per liter, with the result of robust climate policies as well as the reduced use of fuel subsidies.

Petrol Price in Asian Countries 2025

Petrol prices in Asia are highly diverse as a result of different taxation rates, subsidy regimes, and local oil output. Some of the lowest fuel prices in the world can be found in nations such as Iran, Kuwait, and Malaysia, frequently below $0.50 per litre, owing to government subsidies and high oil reserves.

Countries with Cheap Petrol Price in 2025

Countries with the lowest petrol prices are typically oil-rich nations where governments offer heavy subsidies or maintain state-controlled fuel pricing. While this benefits citizens, it often comes at a high cost to public finances and can discourage fuel conservation. While the global average petrol price hovers around $1.28 per litre, countries like Iran ($0.03) and Venezuela ($0.04) offer prices that are over 90% lower, largely due to government subsidies and vast oil reserves.