Whereas in Venezuela you'd still be able to fill one up for less than a £2 coin! In Hong Kong however, it would cost a wallet-emptying £179.30 to fill your Range Rover. © 2021 Evans Halshaw. Discover your next new or used car with Evans Halshaw or with our partners Stratstone. 0.000. Own a 911 in Venezuela and unbelievably it would only cost you less than £1 to fill up! The new petrol regime will see Venezuelan car-owners allotted 120 liters per month at roughly $0.02 — essentially allowing motorists two full tanks worth of petrol for approximately $1.20 each month. This shows the price of petrol per litre around the world. Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 31,200.00 $. What about the iconic Range Rover? Read more A litre of petrol cost $0.000001. Here's another popular car in the UK - the Vauxhall Astra. The Ford Fiesta is the UK's best-selling car, and has been year after year. Starting from February 18, the price of premium gasoline is going rise from 0.1 bolivars (less than 2 cents) a liter to 6 bolivars (87 cents) per liter; an increase of over 6,000 percent. Venezuela petrol prices need to rise to global levels to prevent fuel smuggling, says Nicolás Maduro. Ironically, Venezuela’s currency controls in recent years have spurred a BTC fad among tech-savvy Venezuelans looking to bypass controls to obtain dollars or make internet purchases. Or perhaps you fancy a new or used Fiesta, or how about a used Porsche 911? Venezuela introduces new petrol regime. Perhaps you'd like to trim your fuel costs after reading this article? It's no wonder when this 4x4 beast would only cost £55.22, meaning it's almost the same as a Fiesta in the UK! Or if you'd prefer to search all of our used cars, or new cars, there is a link for those too. Such as the most iconic sports car of all time, in the form of the Porsche 911. Using data from globalpetrolprices.com we've compared just how much it would cost to fill your car from empty in another country. But it's also a country where income is very low too. The change has led to long lines and confusion at petrol stations, with many questioning the rise in prices in a country with the world's largest oil reserves. But it's also a country where income is very low too. How about Turkey? The price for regular 91 octane gasoline is set to jump from 0.07 bolivars (1 cent) to 1 bolivar (14 cents) per liter, reports the Associated Press. 30,000.00 - 62,000.00. Venezuela has the lowest petrol prices in the world, which have been set at 5 cents a gallon since the late 1990s. The chart below shows the price of diesel in the country relative to other countries. Top 10: Cheapest Petrol Countries 2021 Update. Varying in price from $0.02 a litre in Venezuela to Eritrea with a price of $3.33. Venezuela is in the middle of an economic meltdown, facing chronic inflation and an acute shortage of essential goods. If you go to a service station once a week, that means a … Or how about filling the Range Rover in the USA - where they love their trucks and SUVs. Take these cars elsewhere and you could be paying way less or way more depending on location. Al Jazeera’s Lucia Newman reports. For comparison, the average price of diesel in the world for this period is 254982.30 Venezuelan Bolivar. The official Venezuelan oil price is defined by the Venezuelan Ministry of Oil and Mining and the current price of the petro (during the … One of the very few things that Venezuelans could afford was petrol because it literally cost nothing. Here in the UK, petrol prices never seem to go down, do they? Well, Venezuala is one such country, wherein you have to shell out just Rs 0.58/litre of petrol (In INR); isn’t that way too cheap? A car famous for value and offering plenty of space for a small family without the need to go for a SUV or estate. Venezuela’s embattled president has announced that he is to increase the price of petrol by 6,000 per cent, as the crippled country struggles to remain afloat economically and politically. We have also included a few of the most expensive countries to buy petrol in, as a comparison. Most expensive place to buy petrol in the world. you can check revised petrol and diesel price from other country fuel retailer here. Even if you went to Kuwait (fourth cheapest) it would only cost £10.63 to fill up. 1.89 - 3.41. This is because it's home to some of the biggest oil reserves in the world. Occasionally we will send out newsletters promoting our offers and discounts. Venezuelans fume as government signals end to 'free' petrol. The government wants to tackle the situation by raising fuel prices. You will also notice that oil-rich middle Eastern countries are amongst the cheapest places in the world to buy petrol. The average price for a litre of petrol in Venezuela is around the 2-3p mark, with President Hugo Chavez controlling prices in the South American country. You can unsubscribe from this at any time. But have you ever wondered how much you would pay for petrol in other countries around the world? Shock at petrol stations in Venezuela, drivers questioning why they are now paying more. The gas price ranking visualizes gasoline data from 61 countries. It's more reasonable in the top ten countries in Europe, with Bulgaria seeing change out of £40 to fill the Astra. Interestingly, if we look at the ten cheapest European countries for petrol, it will cost just under £20 to fill the tank of the Fiesta in Russia, whilst filling up in Poland will still see you get change out of £40. 0.000. Why not click the article below regarding our pick of the 'Best Used Electric Cars' to start your electric car journey. Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 60,500.00 $. Here we see the Top 10 countries that pay the least amount of money for their petrol. However, if you filled your Fiesta up in Hong Kong, the most expensive country for petrol, it would cost you a staggering £72.41. Similar fuel price revision seen in other country-owned fuel retailers. It's therefore commonplace that we have become accustomed to paying a considerable amount for our petrol. Despite our thoughts that we pay a lot for our petrol in the UK, we are not the most expensive. It's of course more expensive back here in the UK, costing £57.60. From the data we can see in Venezuela it would only cost 72p to fill the Astra from empty. Generally Western European economies have the highest price of petrol due to higher petrol tax. Out of 217 countries listed by the world bank. Trends and prices keep changing from time to time; you may be surprised that there are actually some places wherein the price of petrol is as less as a rupee per litre. Composition of the retail price of petrol and the wholesale prices for diesel in coastal (cpt, dbn) for the period 07 April 2021 to 04 May 2021 will be as follows: Coastal Fuel Prices (Zone 1A) COASTAL FUEL PRICES (Zone 1A) Venezuela is raising petrol prices for the first time in 20 years, although the president claims it will still be the cheapest in the world. Venezuela is the world's cheapest country to buy petrol, where amazingly it costs just 2 pence (GBP) a litre. Methodology. Venezuela used to have the cheapest gasoline in the world for decades, however on 19 February 2016 president Nicolás Maduro used decree powers to raise fuel prices by 6000%. Oil-rich Venezuela has just introduced a new fuel pricing system that ends decades of highly subsidized petrol prices. However, drive an Astra in Hong Kong and it will cost an eye-watering £82.75.. These include 'The Top 10 Cheapest Petrol Countries', along with some select countries for comparison, along with 'European Petrol Prices' too. 29,000.00 - 35,000.00. Fill the Porsche and it's going to cost you £47.55, with the Aston Martin costing you just over a tenner more at £57.95. Venezuela Raises Petrol Prices, Mandates Support for Petro at Gas Stations Reading Time: 2 minutes by Dalmas Ngetich on June 2, 2020 News Venezuela is endowed with natural resources that its state-backed cryptocurrency, the Petro, is pegged one-to-one with a barrel of oil. PUERTO ORDAZ/MARACAIBO, Venezuela (Reuters) - Venezuelans reported paying above $2 per liter ($7.57 per gallon) for gasoline last week amid fuel shortages, one of … EUR. But Venezuela has $10 billion in maturing debt this year and a rapidly shrinking ability to meet those obligations. Oil-rich Venezuela has just introduced a new fuel pricing system that ends decades of highly subsidized petrol prices. The real question everyone wants to know is how much would it cost to fill up some of the UK's most popular or sought-after cars in some of the world's cheapest countries for petrol? Record Date 26th Apr 2021: Venezuela Diesel price is USD 0 per litre. All rights reserved. Venezuela: The price of diesel is 0.1 Venezuelan Bolivar per liter. But according to the white paper, the base price of the petro is equivalent to the price of a single Venezuelan oil barrel: 1 petro = 1 oil barrel. Discover how much countries around the world pay for their petrol. In the UK, from empty it would cost approximately £50.40 to fill its 42-litre tank. Profile: Venezuela's controversial leader Nicolás Maduro The price of a litre of petrol in Venezuela currently stands at 1 bolivar. Alternatively, the stunning Aston Martin DBS Superleggera would cost £93.60 to fill its 78-litre tank. In some European countries, a Range Rover is like filling up a small supermini, with Russia seeing change out of £50, whilst Poland will see change out of £100. Fill one up using regular unleaded (although a performance fuel would probably be best if we're honest) in the UK and it would cost £76.80 to fill its 64 litre tank. For the price of a cup of coffee, a driver can fill the tank of a small SUV nearly 9,000 times So far, there is no information about where to buy petro and what is its price. Eritrea $3.33 The government is now selling gasoline imported from Iran. While in Venezuela, filling a 60 litre tank of petrol costs a dollar, while in the majority of countries it costs $60. These include countries such as Germany, Portugal, Finland and Denmark. Meanwhile, in Venezuela it would only cost just 63p, and no, unbelievably that's not a typo. On the black market, Venezuelans pay … Amid all this, Venezuela has maintained its famous fuel subsidies that have long made it the cheapest place to buy gas in the world. Venezuela increases petrol prices, ends fuel subsidy. Germany is similar, costing just 14p more at £57.74 to fill. Amid acute petrol shortages, June 1 saw Venezuela remove subsidies on the price of gasoline. Venezuela is the world's cheapest country to buy petrol, where amazingly it costs just 2 pence (GBP) a litre. As a bonus, we have created an extra infographic using the data from globalpetrolprices.com to show the 42 European countries, and where they rank for the price of their petrol (per litre). This is because it's home to some of the biggest oil reserves in the world. Gasoline (1 gallon) 2.00 $. The fuel price increases will save $800 million per year. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: https://www.aljazeera.com/#Venezuela #VenezuelaPetrol #VenezuelaFuelShortages Find this article interesting? 0.000. In the UK to fill the 104-litre tank would cost around £124.80. Finally, how about some exotic stuff? We actually sit in 30th position, meaning 12 other countries pay more than us for their petrol. As these legendary off-road kings aren't exactly cheap to fill in the first place. Will also notice that oil-rich middle Eastern countries are amongst the cheapest places the. Visualizes gasoline data from globalpetrolprices.com we 've compared just how much you would pay for petrol in countries. New car ) 60,500.00 $ or if you went to Kuwait ( fourth cheapest ) it would approximately! 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