Data from Global Petrol Prices, a worldwide fuel price tracker, shows that Kuwait is the 7th cheapest country for gasoline among 170 nations, securing its place in the top 10. This affordability is largely due to Kuwait’s vast crude oil reserves and cost-effective domestic fuel production, bolstered by efficient infrastructure and significant government subsidies as part of broader social welfare measures. Unlike many countries that rely on high fuel taxes to generate revenue or manage consumption, Kuwait imposes little to no gasoline tax, keeping prices exceptionally low for both citizens and expatriates.
The global ranking of the ten cheapest countries for gasoline is as follows:
- Iran: $0.029 per liter
- Libya: $0.031 per liter
- Venezuela: $0.035 per liter
- Angola: $0.328 per liter
- Egypt: $0.339 per liter
- Algeria: $0.340 per liter
- Kuwait: $0.341 per liter
- Turkmenistan: $0.428 per liter
- Malaysia: $0.467 per liter
- Kazakhstan: $0.473 per liter
For context, as of February 3, 2025, the most expensive gasoline prices per liter are found in Hong Kong at $3.31, followed by Iceland ($2.34), Monaco ($2.27), the Netherlands ($2.25), and others. These high prices are typically driven by heavy taxation, strict environmental policies, and limited domestic oil production. Gasoline prices can fluctuate due to global oil market dynamics, governmental policies, and various economic factors, so staying updated through reliable sources is recommended.
