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Crude oil prices are starting to touch the sky. The price of crude oil has reached close to $95 per barrel. Its impact is being seen on petrol and diesel in many countries. The decision of the caretaker government has also been challenged in the Lahore High Court, while opposition parties have started protests after the prices of petroleum products in Pakistan reached record levels.
Petrol in Pakistan is 12 rupees cheaper than in Delhi
Let us tell you that on Friday night, the Finance Ministry had issued an order to increase the price of petrol by 26.02 rupees and the price of diesel by 17.34 rupees per litre. Now the price of petrol and diesel in Pakistani rupees has crossed Rs 330 per litre. Despite this, petrol is cheaper here than in India, as Pakistan’s petrol costs just Rs 84.19 per liter in Indian rupees, which is about Rs 12 cheaper than Delhi’s rate of Rs 96.72.
The cheapest petrol in the world is 34 paise per litre.
If we talk about the price of petrol in countries around the world, the cheapest petrol is in Venezuela. According to https://www.globalpetrolprices.com/, one liter of petrol will cost only 34 paise. At the same time, petrol is selling at Rs 2.37 per liter in Iran and Rs 2.56 per liter in Libya. A liter of petrol costs Rs 27.77 in Algeria and Rs 28.20 in Kuwait. Petrol is selling at Rs 30.84 per liter in Egypt and Rs 30 per liter in Angola. The most expensive petrol in Hong Kong is Rs 256.18 per litre.
Also read: New petrol and diesel prices announced, cheapest fuel on Hartalika Teej day at ₹79.74 a liter
Oil in Nepal is the most expensive among neighboring countries.
If we talk about our neighboring countries, the price of petrol in Bhutan is 74.70 rupees per liter and in Pakistan it is 84.47 rupees. In Bangladesh Rs. 94.41 and in Myanmar Rs. 98.17. The price of one liter of petrol in Sri Lanka has gone up to Rs 106.91. While in Nepal Rs. 113.69.
The average price of petrol is US$1.36 per litre
www.globalpetrolprices.com According to this, the average price of gasoline i.e. petrol across the world is US $1.36 per litre. However, there is considerable variation in these prices between countries. Rich countries have higher prices, while poorer countries and oil producing and exporting countries have much lower prices. An exception is the US which is an economically advanced country, but prices are low. Differences in prices in different countries are due to different taxes and subsidies for gasoline. All countries receive the same petroleum prices in international markets, but then tax them differently. As a result, retail prices vary.