ASHGABAT, Turkmenistan, August 24. Turkmenistan has some of the most affordable gasoline prices globally as of August 21, 2023, Trend reports.
According to the Global Petrol Prices (GPP) portal, gasoline is priced at $0.428 per liter in Turkmenistan.
The cheapest gasoline price in the world is in Venezuela ($0.004 per liter), and the most expensive is in Hong Kong ($3.067 per liter).
Apart from Venezuela and Turkmenistan, countries such as Libya, Iran, Algeria, Angola, Kuwait, Egypt, Malaysia, and Kazakhstan also rank among the nations with the most economical gasoline prices.
France, Greece, the Central African Republic, Denmark, Finland, Norway, Monaco, Syria, and Iceland stand out as the nations with the highest gasoline prices.
Variations in gasoline prices among countries stem from diverse fuel tax structures and subsidies. While all nations purchase oil from international markets at comparable prices, the imposition of distinct taxes leads to varying retail gasoline prices.