Fuel prices vary drastically worldwide, with some countries enjoying incredibly cheap petrol thanks to subsidies, abundant natural resources, or government policies. In 2025, these 10 nations stand out for having the lowest petrol prices globally.

1. Iran – $0.029 per Liter

Iran continues to top the list, offering petrol at an unbelievably low price of just $0.029 per liter. Thanks to extensive government subsidies and massive oil reserves, Iranians pay some of the lowest fuel costs in the world.

2. Libya – $0.031 per Liter

Despite political instability, Libya maintains extremely cheap petrol prices. With the largest proven oil reserves in Africa, the country heavily subsidizes fuel, keeping costs minimal for its citizens.

3. Venezuela – $0.035 per Liter

Once known for practically free fuel, Venezuela still offers some of the world’s cheapest petrol. However, economic turmoil and inflation have led to inconsistent fuel availability, despite the low official price.

4. Angola – $0.328 per Liter

As one of Africa’s largest oil producers, Angola keeps petrol prices low through subsidies. However, the country faces challenges related to economic inequality and fuel distribution.

5. Egypt – $0.339 per Liter

Egypt maintains affordable fuel prices due to government intervention. While economic reforms have led to gradual price hikes, the country still ranks among the cheapest for petrol in 2025.

6. Algeria – $0.340 per Liter

With vast oil and gas reserves, Algeria ensures fuel affordability through subsidies. However, its dependence on oil revenues makes the country vulnerable to global market fluctuations.

7. Kuwait – $0.341 per Liter

Kuwait’s wealth from oil exports allows it to keep petrol prices exceptionally low. The government provides significant fuel subsidies, making transportation costs minimal for residents.

8. Turkmenistan – $0.428 per Liter

Rich in oil and gas, Turkmenistan maintains low petrol prices through government-controlled pricing and subsidies, ensuring affordability for its citizens.

9. Malaysia – $0.467 per Liter

Malaysia balances fuel affordability with economic growth. As an oil-producing nation, it offers relatively cheap petrol while managing subsidies to prevent excessive financial strain on the government.

10. Kazakhstan – $0.473 per Liter

Kazakhstan leverages its large oil reserves to keep fuel prices among the lowest in the world. Domestic production and controlled pricing help maintain affordable petrol rates.

How Do Other Countries Compare?

  • Pakistan ranks 36th in terms of petrol affordability, making it cheaper than India (73rd) and Bangladesh (46th).
  • In contrast, European nations and heavily taxed regions experience much higher fuel prices due to environmental policies and import dependencies.

Final Thoughts

The cheapest petrol prices in 2025 are largely found in oil-rich nations where subsidies and government regulations play a crucial role. While low fuel prices benefit consumers, they also pose economic and environmental challenges. As global energy markets evolve, these rankings may shift, influencing how nations manage their fuel resources.