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Last Updated : Oct 10, 2018 12:19 PM IST | Source: Moneycontrol.com

Petrol prices at record high in India: Check how much it costs around the world

On October 4, Finance Minister Arun Jaitley announced a cut in excise duty on petrol and diesel by Rs 1.50, respectively. Check out how much it costs in India and around the world.

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The upswing in oil prices continues as petrol and diesel prices increased in Mumbai and Delhi on October 9. The steep rise in crude prices and a falling rupee have had a major impact on fuel costs, but do you know where petrol prices were the highest? Here's a list of the countries where petrol is the cheapest and most expensive. (Note: All price comparisons are on rupee terms only. Global rates as of October 3, 2018 - Image: Reuters)
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The upswing in oil prices continues as petrol and diesel prices increased in Mumbai and Delhi on October 9. The steep rise in crude prices and a falling rupee have had a major impact on fuel costs, but do you know where petrol prices were the highest? Here's a list of the countries where petrol is the cheapest and most expensive. (Note: All price comparisons are on rupee terms only. Global rates as of October 3, 2018 - Image: Reuters)

Venezuela | Believe it or not, but a litre of petrol in the South American country costs a paltry Rs 0.63 per litre. In India, it costs over 100 times. | Image shows a corporate logo of state-owned oil company PDVSA at a gas station in capital Caracas. (Image: Reuters)
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Venezuela | Believe it or not, but a litre of petrol in the South American country costs a paltry Rs 0.63 per litre. In India, it costs over 100 times. | Image shows a corporate logo of state-owned oil company PDVSA at a gas station in capital Caracas. (Image: Reuters)

Iran | Cost per litre - Rs 20.89 | A gas flare at an oil production platform is seen in the Soroush oil fields alongside an Iranian flag in Iran. (Image: Reuters)
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Iran | Cost per litre - Rs 20.89 | A gas flare at an oil production platform is seen in the Soroush oil fields alongside an Iranian flag in Iran. (Image: Reuters)

Sudan | Cost per litre - Rs 25.14 | Young men work at a collection point for used oil in the capital Khartoum. (Image: Reuters)
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Sudan | Cost per litre - Rs 25.14 | Young men work at a collection point for used oil in the capital Khartoum. (Image: Reuters)

Kuwait | Cost per litre - Rs 25.36 | A camel herder lets his camels graze at a housing project in Khairan, southern Kuwait. (Image: Reuters)
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Kuwait | Cost per litre - Rs 25.36 | A camel herder lets his camels graze at a housing project in Khairan, southern Kuwait. (Image: Reuters)

Algeria | Cost per litre - Rs 25.98. A Naftal billboard shows prices at the entrance of the fuel station in the highway of Algiers, Algeria. Mentioned below are five countries where petrol prices are the highest. (Image: Reuters)
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Algeria | Cost per litre - Rs 25.98. A Naftal billboard shows prices at the entrance of the fuel station in the highway of Algiers, Algeria. Mentioned below are five countries where petrol prices are the highest. (Image: Reuters)

Barbados | Petrol on the Carribean island is expensive as it costs Rs 143.29 per litre (Image: Reuters)
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Barbados | Petrol on the Carribean island is expensive as it costs Rs 143.29 per litre (Image: Reuters)

The Netherlands | Cost per litre - Rs 142.11 | A car-fuelling robot is seen refilling fuel in a car in Emmeloord, central Netherlands. The robot can refuel a vehicle without the driver even having to leave their seat. (Image: Reuters)
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The Netherlands | Cost per litre - Rs 142.11 | A car-fuelling robot is seen refilling fuel in a car in Emmeloord, central Netherlands. The robot can refuel a vehicle without the driver even having to leave their seat. (Image: Reuters)

Norway | Cost per litre - Rs 152.05 | Norwegian oil company's Statoil headquarters in Fornebu, Norway. (Image: Reuters)
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Norway | Cost per litre - Rs 152.05 | Norwegian oil company's Statoil headquarters in Fornebu, Norway. (Image: Reuters)

Iceland | Cost per litre - Rs 149.59 | Visitors take pictures of the Svartsengi geothermal power plant near the Blue Lagoon hot springs outside the town of Grindavik. (Image: Reuters)
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Iceland | Cost per litre - Rs 149.59 | Visitors take pictures of the Svartsengi geothermal power plant near the Blue Lagoon hot springs outside the town of Grindavik. (Image: Reuters)

Hong Kong | Cost per litre - Rs 160.38 | Logos of China National Offshore Oil Corporation (CNOOC) are displayed at a news conference on the company's interim results in Hong Kong. (Image: Reuters)
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Hong Kong | Cost per litre - Rs 160.38 | Logos of China National Offshore Oil Corporation (CNOOC) are displayed at a news conference on the company's interim results in Hong Kong. (Image: Reuters)

Pakistan | The cost of petrol is relatively lower at Rs 55.19 per litre. The country stands at rank 32 from 167 countries where petrol costs less. | Pictured here is the logo of Pakistan State Oil in Peshawar. (Image: Reuters)
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Pakistan | The cost of petrol is relatively lower at Rs 55.19 per litre. The country stands at rank 32 from 167 countries where petrol costs less. | Pictured here is the logo of Pakistan State Oil in Peshawar. (Image: Reuters)

India | On October 4, Finance Minister Arun Jaitley announced a cut in excise duty on fuel by Rs 1.50 and added that oil marketing companies will absorb Re 1 in costs, bringing the total benefit to consumers to Rs 2.50. However, the Maharashtra government announced that it would further cut local taxes on petrol by Rs 2.50. The petrol price in Mumbai stood at Rs 87.73 per litre on October 10. India currently occupies the 87th spot in global rankings. (Image: Reuters)
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India | On October 4, Finance Minister Arun Jaitley announced a cut in excise duty on fuel by Rs 1.50 and added that oil marketing companies will absorb Re 1 in costs, bringing the total benefit to consumers to Rs 2.50. However, the Maharashtra government announced that it would further cut local taxes on petrol by Rs 2.50. The petrol price in Mumbai stood at Rs 87.73 per litre on October 10. India currently occupies the 87th spot in global rankings. (Image: Reuters)

First Published on Oct 9, 2018 09:14 am
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