Iraq ranks 11th globally and fourth in the Arab world among the cheapest countries in the world at gasoline prices
Shafaq News/ The "global petrol prices" website, which specializes in fuel and electric energy prices, revealed on Wednesday that Iraq is ranked 11th among the world's countries, and fourth in the Arab world with the cheapest gasoline prices.
The website said in its report for the month of September, which was seen by Shafak News Agency, that "Iraq's ranking came among the 169 countries listed in the table, where the price of gasoline reached 514 cents per liter of gasoline, while it ranked fourth in the Arab world after: Libya, Algeria, and Kuwait.
And he indicated that "Jordan followed the Arab countries with the highest prices, as the price of a liter of gasoline reached 1.735 dollars."
The report indicated that "Venezuela ranked first in the world with the cheapest country in the world for gasoline at a price of 22 cents per liter, followed by Libya at 30 cents, and then Iran came third at 53 cents."
He also noted that "the most expensive countries in the world at gasoline prices were Hong Kong at 2.967 per liter, followed by Zimbabwe at $2,750, and then Iceland at $2,270."
The report explained that "the average price of a liter of gasoline globally for the month of September amounted to 1.31 dollars per liter," adding that "gasoline prices in rich countries are high compared to poor countries, while oil producing and exporting countries are much lower than them."
The report pointed out that "the difference in gasoline prices in different countries is due to government subsidies for gasoline and the size of taxes, as all countries of the world buy oil at the same prices, but later impose different taxes, which leads to different retail prices for gasoline.
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