By Hermoine Macura-Noble
Special to The Times Kuwait
Kuwait has the 6th cheapest petrol in the world, only costing $1.57 per gallon of gasoline, according to a recent report by research firm Zutobi. According to experts, petrol prices have fluctuated significantly worldwide, and drivers will be paying very different prices for petrol this year.
The ten countries with the most affordable petrol prices include 4 Arab countries – Libya, Iran, and Syria. Kuwait is ranked number 6. Venezuela ranked first as it costs $0.11 per gallon, $5.95 cheaper than the global average. Libya comes in as the second most affordable, with the cost per gallon being only $0.15. Iran has the third-cheapest fuel price per gallon ($0.23), considerably less than Syria (the fourth cheapest).
The top 3 countries with the most expensive gas prices include Hong Kong in the first place, followed by The Netherlands and Norway. Hong Kong has the highest cost of petrol anywhere in the world. The price of a gallon is $13.10 – double the global average and $1.15 more than the second most expensive place.
The Netherlands is the second most expensive place for gas worldwide, costing $11.75 per gallon. Norway is the third most expensive country for petrol prices. Norwegians have to pay $11.36 per gallon on average.
According to the Xinhua news agency, the German government adopted several measures to cushion the effects of rising energy prices, including an increase in the basic tax-free allowance and higher mileage allowances for long-distance commuters.
According to the report ¬– The cost per gallon of fuel is less than a dollar in only three countries: Venezuela, Libya, and Iran. Only four countries have prices of over $11 per gallon of gas: Hong Kong, the Netherlands, Norway, and Monaco.
Iran has seen the most significant decrease in gas prices anywhere globally over the past half-decade. Prices have been slashed by almost 3,000%. The cost of petrol in Saudi Arabia has risen by nearly 300% in the last five years, making it the country that has seen the most considerable increase in fuel prices globally.
By Hermoine Macura-Noble
The first Australian English speaking News Anchor in the Middle East. She is also the Author of Faces of the Middle East and Founder of US-based 501c3 charity – The House of Rest which helps to ease the suffering of victims of war. For more from our Contributing Editor, you can follow her on Instagram, here.
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