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Oil prices rise due to Iran war… Know where in the world is the cheapest petrol and diesel available?
Samira Vishwas | May 9, 2026 10:24 AM CST

New Delhi. The Iran war has caused a surge in oil prices worldwide. Meanwhile, the price of 1 liter of petrol around the world ranges from ₹2.25 in some places to ₹394.95 in others. This means that petrol prices are 44 times cheaper in some places than in India, while in others they are nearly four times more expensive. Let’s find out where the cheapest and most expensive petrol and diesel prices are found in the world.

Countries Selling the Most Expensive Petrol
Let’s first look at the top 10 countries selling the most expensive petrol in the world. Hong Kong tops this list, where a liter of petrol costs around ₹400. Malawi follows, where the price of petrol is ₹364.27 per liter.

While petrol costs ₹269.19 per liter in Israel, it costs ₹265.74 in Denmark. The Netherlands costs ₹260.15 per liter, Greece costs ₹231.57, and Albania ₹231.49. Switzerland costs ₹231.12 and Singapore ₹230.02 per liter.

Top 10 countries selling the cheapest petrol in the world
Libya has the cheapest petrol in the world. Here the price of one litre petrol is 2.25 rupees. After this comes Iran. Here the price of one litre petrol is 3.32 rupees. After this, Angola has 31.08 rupees, Kuwait has 32.41 rupees, Algeria has 33.75 rupees and Turkmenistan has 40.78 rupees per litre.

Egypt is at number eight, where the price of petrol is ₹42.78. Qatar is at number nine, where the price of petrol is ₹54.62 per liter. Saudi Arabia is at number ten, where the price of a liter of petrol is ₹59.62.

Which country has the cheapest diesel?
The cheapest diesel is found in Venezuela, where a liter of diesel costs just 39 paise. This is followed by Iran at 54 paise and Libya at ₹2.25 per liter. In Algeria, a liter of diesel costs ₹22.26.

Diesel costs ₹27.19 per liter in Turkmenistan and ₹35.50 in Kuwait. Diesel costs ₹36.36 per liter in Egypt and ₹41.44 per liter in Angola. Diesel costs ₹45.37 per liter in Saudi Arabia and ₹53.32 in Qatar.

Diesel is Rs 446 per litre in Hong Kong.
The most expensive diesel in the world is Rs 446 per litre in Hong Kong. The price of one litre diesel is Rs 365 in Malawi, Rs 310.49 in Singapore, Rs 273.16 in Denmark, Rs 262.09 in Switzerland, Rs 257 per litre in Netherlands. While one litre diesel costs Rs 255.60 in Israel, it costs Rs 255.59 in Finland.


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