Countries With Cheapest Petrol Prices

Petrol prices are the most volatile across the world. The price of petrol depends on the price of crude oil, taxes, exchange rate and oil company costs.
Petrol price has been slashed by Rs 2 per litre in India, the steepest reduction in rates in nine months.
Take a look at 10 countries where petrol is cheapest according to a report by 'This is Money' and Evans Halshaw.

Venezuela

Price per litre: Rs 6.49 ($0.12)Percentage of monthly income spent on petrol: 2.73% 

Image: Maracaibo in Venezuela.

Egypt

Price per litre:Rs 7.30 ($0.14)

Percentage of monthly income spent on petrol: 4.39%

Image: White Knight Bay, Egypt.

Saudi Arabia

Price per litre: Rs 8.12 ($0.15)

Percentage of monthly income spent on petrol: 0.98% 

Image: Kingdom Centre, Riyadh, Saudi Arabia

Qatar

Price per litre: Rs 9.74 ($0.18)

Percentage of monthly income spent on petrol: 0.40%

Bahrain

Price per litre: Rs 12.50 ($0.23)

Percentage of monthly income spent on petrol: 1.81% 

Image: Coastal area in Bahrain.

Libya

Price per litre: Rs 12.50 ($0.23)Percentage of monthly income spent on petrol: 3.32% 

Image: Tripoli Central Business District.

Turkmenistan

Price per litre: Rs 14.31 ($0.26)Percentage of monthly income spent on petrol: 17.79% 

Image: Presidential Palace, Ashgabat

Kuwait

Price per litre: Rs 14.31 ($0.26)Percentage of monthly income spent on petrol: 1.2%

Image: Kuwait city.

Algeria

Price per litre: Rs 14.31 ($0.26)Percentage of monthly income spent on petrol: 11.85% 

Image: Refinery located in Sidi Arcine (Baraki, Algiers).

Iran

Price per litre: Rs 17.93 ($0.33)Percentage of monthly income spent on petrol:6.53% 

Image: Tehran.

Source: Rediff.com