Global Fuel Price List for April 2026: The Cheapest and Most Expensive Countries

Global fuel prices exhibit extreme disparities. As of April 2026, the price difference for petrol between countries can exceed 170 times. This variation is influenced by energy subsidies, high taxes, and countries’ reliance on imports or domestic oil production.

Globally, the average petrol price is around US$5.58 per gallon or approximately Rp94,860 per gallon (exchange rate Rp17,000 per US dollar). However, this figure merely serves as the midpoint of a vast price range across countries worldwide.

Countries with the Cheapest Fuel Prices in the World

According to Visual Capitalist, on Monday, 27 April 2026, oil-producing countries tend to have very low fuel prices due to substantial government subsidies. Libya ranks as the cheapest in the world. Here is the complete list:

1. Libya — US$0.09 per gallon ≈ Rp1,530 per gallon (± Rp400–Rp500 per litre)

2. Iran — US$0.11 per gallon ≈ Rp1,870 per gallon

3. Venezuela — US$0.13 per gallon ≈ Rp2,210 per gallon

4. Angola — US$1.24 per gallon ≈ Rp21,080 per gallon

5. Kuwait — US$1.28 per gallon ≈ Rp21,760 per gallon

6. Algeria — US$1.34 per gallon ≈ Rp22,780 per gallon

7. Turkmenistan — US$1.62 per gallon ≈ Rp27,540 per gallon

8. Egypt — US$1.66 per gallon ≈ Rp28,220 per gallon

9. Kazakhstan — US$1.99 per gallon ≈ Rp33,830 per gallon

10. Qatar — US$2.13 per gallon ≈ Rp36,210 per gallon

11. Saudi Arabia — US$2.35 per gallon ≈ Rp39,950 per gallon

12. Oman — US$2.35 per gallon ≈ Rp39,950 per gallon

13. Iraq — US$2.46 per gallon ≈ Rp41,820 per gallon

14. Bahrain — US$2.54 per gallon ≈ Rp43,180 per gallon

15. Azerbaijan — US$2.56 per gallon ≈ Rp43,520 per gallon

Countries with the Most Expensive Fuel Prices in the World

On the other hand, regions with the highest prices are typically developed countries or areas reliant on energy imports and high taxes. One example is Hong Kong, with US$15.65 per gallon or Rp266,050 per gallon, equivalent to about Rp70,000–Rp75,000 per litre.

These high prices are driven by fuel taxes, import costs, and limited domestic energy production.

Such price disparities directly impact the public’s energy purchasing power. With US$10 or around Rp170,000, residents in Libya can obtain enough petrol for a journey of up to approximately 3,885 miles, whereas in Hong Kong, it suffices for only about 22 miles.