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    10 countries where petrol prices are the cheapest

    BT NewsFlicks

    10 countries where petrol prices are the cheapest

    • 1/10

    Venezuela 

    Venezuela has the largest oil reserve on earth and exports fuel to countries around the world. Being one of the cheapest commodities in the country, fuel often costs less than a bottle of water
    Petrol per litre- 0.01 $

    • 2/10

    Iran
    In May, Iran's oil export hit 2.7 million barrels per day. This was a new record since the lifting of international sanctions on Tehran in 2016. Petrol per litre- 0.29 $

    • 3/10

    Sudan The economy of Sudan is based on the production of oil. The country's export industry is dominated by oil trade. Sudan started exporting oil as late as 1999. Petrol per litre- 0.34 $

    • 4/10

    Kuwait It a small oil-based economy. Kuwait has about 94 billion barrels (14.9 km3) of recoverable oil reserves. Petrol per litre- 0.35 $

    • 5/10

    Algeria Algeria plays a very big role in the international gas and oil market. It is the leading gas exporter in Africa and supplier to China, France, Spain, Italy, Turkey, and other major economies. Petrol per litre- 0.36 $

    • 6/10

    Ecuador 

    The economy of Ecuador is based mostly on oil exports. They have three crude oil refineries as well as three distillation plants.
    Petrol per litre- 0.39 $

    • 7/10

    Nigeria Nigeria is the largest oil and gas producer in Africa. Oil was first found in Nigeria in 1956 by Shell D'Arcy at Oloibiri. The African country exported its first oil shipment in the year 1958. Petrol per litre- 0.41 $

    • 8/10

    EgyptSubstantial quantities of crude oil were first discovered in the first decade of 20th century. Egypt has now become one of the world's most important natural gas producer. The country has several reserves in the Western Desert and Nile Delta. Petrol per litre- 0.43 $

    • 9/10

    Turkmenistan Some of the largest natural gas reserves of the world are found in Turkmenistan. In terms of gas production, it currently ranks in the top 20. Petrol per litre- 0.43 $

    • 10/10

    Azerbaijan The oil industry of Azerbaijan has a history of nearly 150 years. The main oil-producing regions of the country are located near Baku at Sabunchy, Surakhany and Bibi-Heyb Petrol per litre- 0.47 $