World’s Cheapest Petrol: Fill a 35-Litre Tank for Less Than ₹90

Despite the rising popularity of electric vehicles worldwide, petrol and diesel continue to power the majority of vehicles. While Venezuela holds the world’s largest crude oil reserves, the cheapest petrol is available in other countries.

Petrol Prices Worldwide
Libya tops the list with the lowest petrol price at just $0.028 per litre (₹2.52). This means a 35-litre tank can be filled for under ₹90. Libya, which has the largest oil reserves in Africa, contributes around 3% to global oil production.

Following Libya, Iran offers petrol at $0.029 per litre (₹2.61), and Venezuela at $0.035 per litre (₹3.15). Other countries where petrol costs less than $1 per litre include Kuwait, Algeria, Egypt, Kazakhstan, Nigeria, Saudi Arabia, UAE, Indonesia, the USA, Russia, and Pakistan. In Bangladesh, petrol costs $1.015 per litre, and in China, it is $1.046 per litre—both lower than India.

Petrol Prices in India
In India, petrol is priced at $1.128 per litre (approx. ₹101.42). In Delhi, the current rates are ₹94.77 per litre for petrol and ₹87.67 per litre for diesel. The government last revised petrol and diesel prices on 14 March 2024, reducing rates by ₹2 per litre just before the general elections. Since then, despite a significant drop in crude oil prices—which currently trade at $61.26 per barrel—fuel rates have remained unchanged.

Most Expensive Petrol Globally
Several countries have higher petrol prices than India, including Brazil, Argentina, Turkey, South Africa, Mexico, the UK, France, Germany, and the Netherlands. Hong Kong leads as the most expensive, with petrol priced at $3.715 per litre, followed by Iceland ($2.339), Israel ($2.310), and Denmark ($2.272).