Global Gasoline Price Index: Fuel Costs Worldwide Analysis

Global Gasoline Price Index 2025

Comprehensive Analysis of Fuel Costs Worldwide

48 Countries Analyzed

Global Average: $1.27/L

123x Price Difference

Country Comparison Tool

Country 1:

Country 2:

Unit:

Global Gasoline Price Rankings

🏆 Cheapest Fuel

🇱🇾 Libya

$0.028/L

🌍 Global Average

Worldwide

$1.27/L

💸 Most Expensive

🇭🇰 Hong Kong

$3.452/L

Top 10 Cheapest

🇱🇾 Libya $0.028

🇮🇷 Iran $0.029

🇻🇪 Venezuela $0.035

🇰🇼 Kuwait $0.343

🇩🇿 Algeria $0.350

🇪🇬 Egypt $0.384

🇰🇿 Kazakhstan $0.482

🇳🇬 Nigeria $0.555

🇸🇦 Saudi Arabia $0.621

🇦🇪 UAE $0.672

Top 10 Most Expensive

🇭🇰 Hong Kong $3.452

🇮🇸 Iceland $2.435

🇩🇰 Denmark $2.229

🇳🇱 Netherlands $2.156

🇮🇱 Israel $2.117

🇨🇭 Switzerland $2.064

🇳🇴 Norway $2.022

🇫🇮 Finland $1.956

🇮🇹 Italy $1.937

🇮🇪 Ireland $1.928

Oil Production vs Gasoline Prices

Major Oil Producers

🇸🇦 Saudi Arabia $0.621

🇷🇺 Russia $0.782

🇺🇸 USA $0.915

🇮🇷 Iran $0.029

🇨🇳 China $1.043

🇰🇼 Kuwait $0.343

Key Insights:

Oil-rich nations like Libya, Iran, and Venezuela have the cheapest gasoline
Government subsidies play a major role in oil-producing countries
The USA, despite being a major producer, has moderate prices due to taxation
Norway, an oil exporter, has high prices due to environmental taxes

Economic Analysis & Purchasing Power

Price Range

123x

Difference between cheapest and most expensive

Below Average

Countries below $1.27 global average

Above Average

Countries above $1.27 global average

Subsidized Economies

Countries with heavily subsidized fuel:

Libya ($0.028) – Government subsidies
Iran ($0.029) – Oil wealth redistribution
Venezuela ($0.035) – State-controlled pricing
Kuwait ($0.343) – Welfare state model

High-Tax Economies

Countries with significant fuel taxation:

Hong Kong ($3.452) – Import duties + taxes
Netherlands ($2.156) – Environmental taxes
Denmark ($2.229) – Carbon tax policies
Norway ($2.022) – Oil fund contributions

Regional Patterns & Geographic Analysis

🌍 Middle East

Average: $0.45

🇱🇾 Libya: $0.028

🇮🇷 Iran: $0.029

🇰🇼 Kuwait: $0.343

🇸🇦 Saudi Arabia: $0.621

🇦🇪 UAE: $0.672

🇪🇺 Europe

Average: $1.78

🇮🇸 Iceland: $2.435

🇩🇰 Denmark: $2.229

🇳🇱 Netherlands: $2.156

🇳🇴 Norway: $2.022

🇫🇮 Finland: $1.956

🌏 Asia-Pacific

Average: $1.21

🇭🇰 Hong Kong: $3.452

🇰🇷 South Korea: $1.239

🇯🇵 Japan: $1.203

🇮🇳 India: $1.182

🇦🇺 Australia: $1.050

🌎 North America

Average: $1.14

🇨🇦 Canada: $1.165

🇺🇸 USA: $0.915

🇲🇽 Mexico: $1.331

🌎 South America

Average: $1.18

🇻🇪 Venezuela: $0.035

🇧🇷 Brazil: $1.124

🇦🇷 Argentina: $1.087

🇨🇱 Chile: $1.343

🌍 Africa

Average: $0.78

🇿🇦 South Africa: $1.183

🇪🇬 Egypt: $0.384

🇳🇬 Nigeria: $0.555

🇩🇿 Algeria: $0.350

Tax Analysis & Government Policies

High-Tax Countries

🇭🇰 Hong Kong

Est. 70% tax component

$3.452

🇩🇰 Denmark

Est. 65% tax component

$2.229

🇳🇱 Netherlands

Est. 60% tax component

$2.156

🇳🇴 Norway

Est. 62% tax component

$2.022

Subsidized Countries

🇱🇾 Libya

95% government subsidy

$0.028

🇮🇷 Iran

94% government subsidy

$0.029

🇻🇪 Venezuela

93% government subsidy

$0.035

🇰🇼 Kuwait

75% government subsidy

$0.343

Tax Policy Insights:

Environmental Taxes:

Nordic countries use fuel taxes to fund green initiatives
Carbon pricing affects fuel costs in EU nations
Environmental policies drive higher prices in developed nations

Economic Policies:

Oil-rich nations subsidize fuel for social stability
Import-dependent countries face higher base costs
Government revenues from fuel taxes fund infrastructure

Cost of Living Impact & Affordability

High Income, High Fuel Cost

🇨🇭 Switzerland: $2.064