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Petrol prices in the world: Iraq ranked 20th with the lowest prices and Iceland the highest
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According to a report by a number of researchers and analysts in the field of economy and finance, the average global gasoline prices during the month of June 2018 was $ 1.17 per liter.
"The difference in gasoline prices in countries is due to government subsidies for gasoline and taxes. Prices in rich countries are high compared to poor countries. Oil producing and exporting countries are much lower. The United States is exceptional, characterized by economic progress But at the same time gasoline prices are low. "
The report added that "Venezuela ranked first in the world at the lowest cost of the price of gasoline and one cent per liter, followed by Iran and by 30 cents per liter and then Sudan by 34 cents per liter," noting that "Iraq ranked twenty and by 63 cents" .
The report pointed out that "Iceland was ranked last in the world's lowest fuel prices by 2.15 dollars, preceded by Hong Kong by $ 2.12, followed by Norway by $ 2.06."
The Global Gas Price Index is run by a team of analysts with a master's and doctorate degree in economics and finance headed by Nevin Fallif. The world's leading channels and agencies rely on it as their main source.
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