Petrol and diesel prices remain a matter of concern for everyone in this era of inflation. Crude oil prices in the world are going through a period of continuous ups and downs. Recently, the price of crude oil has again crossed $ 75 per barrel. Despite this, oil marketing companies in India did not make any changes in petrol and diesel prices. Fuel prices in India vary in different states, but are getting the cheapest petrol port in the country. At the same time, petrol prices are so low in some countries that it becomes difficult to believe by listening.
Petrol is the cheapest compared to the world in countries like Iran, Venezuela and Libya. Let us know that in which state of India, petrol and diesel are getting the cheapest and about the top-10 countries in the world where petrol prices are the lowest.
Where is the cheapest petrol getting in India,
Petrol and diesel prices in India vary from the city and the state. On February 18, the price of petrol in Delhi remains at Rs 94.77 per liter and diesel at Rs 87.67 per liter. At the same time, if we talk about the cheapest petrol, then it is getting in Port Blair.
Petrol in Port Blair – Rs 82.46 per liter
Diesel in Port Blair – Rs 78.05 per liter
At the same time, there is a stir in the prices of crude oil. According to Bloomberg, on February 18, the April futures of Brent crude rose 0.64% to $ 75.22 per barrel, while WTI’s march futures rose 0.83% to $ 71.33 per barrel.
Where is the cheapest petrol being sold in the world,
If you talk about global petrol price, then petrol prices are very low in some countries. These include countries like Iran, Venezuela and Libya. Let’s know about the top-10 countries of the world, where petrol is getting the cheapest:
Iran – 2.48 Rupee per liter
Iran is the cheapest petrol selling country in the world. Here the government gives huge subsidy on petrol, due to which the prices are very low.
- Libia – 2.64 Rupee per liter
The price of petrol in the African country of Libya is very low, as crude oil is produced in plenty.
- Venezuela – 3.00 Rupee per liter
Petrol in Venezuela is almost free. The government gives huge discounts on oil here, which is one of the cheapest petrol sellers in the world.
- Angola – 28.47 Rupee per liter
Angola, which is a major oil producing country, is also very low in petrol prices here.
- Egypt – 29.25 Rupee per liter
The Egyptian government controls oil prices locally, making fuel cheaper here.
- Algeria – 29.45 Rupee per liter
In Algeria, government subsidies are also given on oil products, due to which petrol is quite economical here.
- Kuwait – 29.50 Rupee per liter
Petrol prices are low in Kuwait as it is an oil-rich country and the citizens here are given many subsidies from the government.
- Nigeria – 32.80 Rupee per liter
Petrol prices in this country of Africa are very low compared to global level.
- Turkmenistan – 37.26 Rupee per liter
This country also gives special subsidy to its citizens on petrol, due to which fuel is cheaper here.
- Malaysia – 39.80 Rupee per liter
The price of petrol in Malaysia is lower than other Asian countries, as the government here offers special discounts and grants.
When will petrol and diesel prices be low in India,
Fuel prices in India depend on several factors, including international prices of crude oil, rupee-dollars exchange rate, tax and policies of the central and state governments. At present, petrol and diesel prices in India remain stable, but if crude oil prices go ahead, then its effect can also be seen on the Indian market.
Bank Holiday: All banks will be closed on Wednesday, know why RBI has given banks on 19 February