Top 20 countries in the world with the Highest Fuel Prices: Petrol (also known as gasoline) is now fixed at an average price of $1.39 per liter around the world. However, there is a considerable gap in pricing between other nations. Some people spend a great deal on a liter of gasoline, but others pay far less than. In this post, you will find the list of the top 20 countries in the world with highest fuel prices in 2022.
The expense of living has been significantly impacted by the global spike in inflation. Those who drive are most affected by this effect. The increasing cost of fuel puts an even greater strain on these people. A London gas station charges £2.39 a liter, and many motorists in the UK have noticed rising prices at the pump.
Richer nations typically have higher pricing whereas poorer nations and nations that produce and export oil typically have much lower prices. The U.S. stands out as an outlier because it has cheap gas prices despite being an economically developed nation. The varying gasoline taxes and subsidies are the cause of the price variations between nations. Although all nations have access to the same petroleum prices on global markets, they choose to apply various taxes. The retail price of gasoline varies as a result.
According to worldwide gasoline pricing, Hong Kong presently has the most expensive fuel price in the world, with average prices reaching $2.98 per liter. Iceland, Barnados, Central African Republic, and Belize complete the top five lists. In the following sections, you’ll find the list of the top 20 countries with the highest fuel prices in the world in 2022.
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Top 20 Countries in the World with the Highest Fuel Prices in 2022
According to our source, the countries with the highest fuel prices in the world as at August 2022 are:
- Hong Kong – $2.980
- Iceland – $2.419
- Bardados – $2.394
- Central African Republic – $2.339
- Belize- $2.307
- Norway- $2.292
- Switzerland – $2.287
- Finland- $2.181
- Netherlands- $2.153
- United Kingdom $2.145
- Zimbabwe -$2.132
- Greece- $2.131
- Denmark –$2.123
- Israel- $2.051
- Caymand Icelands- $1.978
- Estonia- $1.970