# Price of Petrol Around the World!

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I came across the above picture posted on Facebook. Any rational thinker would surely realize that the aim of the person who originally posted this rubbish was to mislead gullible Indians and malign the powers that currently rule the country.

A few Indians have the false notion that whatever appears in the social media or get printed in the traditional media such as newspapers and magazines is the gospel truth, and to keep up with the Joneses they just copy it on their social media pages without delving into the truth. Do you think these prices are correct? The person who prepared  this falsehood needs some coaching in basic arithmetic. Just look at this:

11.80 + 9.75 + 4 + 8 = 33.55%

and

33.55% of र16.5 is र5.5275

so,,

र16.5 + र5.5275 = र22.0275

How did this person arrive at the figure of र50.05? Did he leave out any tax or other levies?

The above graph shows the price of petrol in India from September, 2012 to February, 2014 with the average value during this period was र80.75 with a minimum of र73.82 in November, 2013 and a maximum of र89.94 in September, 2012.

Compared to the average price of petrol in the world, India is relatively cheaper. Petrol in India is 15% cheaper than the world average of र95.18. The average price of petrol around the world in February, 2014 is र90. 67 per liter. Though all countries have access to the same petroleum prices of international markets, they impose various taxes on petroleum products and offer subsidies. Hence, the retail price of petrol differs substantially among countries.

As a general rule, countries that produce and export oil sell petrol to their nationals at much lower prices while rich countries charge higher prices. However, the economically advanced United States have a comparatively low price of gasoline – \$0.88 (र55. 15) per liter.

In Venezuela, the government subsidizes gasoline and the Venezuelans pay almost nothing to drive their cars at \$0.03 (र1.70) per liter.

Gasoline Prices around the world in February 2014 (Source: globalpetrolprices.com)

 Country US Dollars Indian Rupees Venezuela 0.03 1.70 Iran 0.12 7.64 Saudi Arabia 0.20 12.73 Kuwait 0.23 14.43 Qatar 0.24 15.27 Bahrain 0.27 16.97 Oman 0.39 24.61 Egypt 0.39 24.61 Yemen 0.45 28.00 Brunei 0.50 31.40 Bolivia 0.53 33.09 Ecuador 0.68 42.43 Kazakhstan 0.72 44.97 Sudan 0.79 49.21 Angola 0.83 51.76 Malaysia 0.87 54.31 USA 0.88 55.15 Indonesia 0.92 57.70 Mexico 0.94 58.55 Belarus 0.98 61.09 Ghana 0.98 61.09 Iraq 0.99 61.94 Argentina 0.99 61.94 Pakistan 1.06 66.19 Zimbabwe 1.07 67.03 Maldives 1.07 67.03 Jamaica 1.07 67.03 Namibia 1.07 67.03 Kyrgyzstan 1.09 67.88 Georgia 1.13 70.43 Guatemala 1.14 71.28 Canada 1.14 71.28 Russia 1.14 71.28 Taiwan 1.17 72.97 Ethiopia 1.17 72.97 Botswana 1.18 73.82 Sierra Leone 1.20 74.67 Tunisia 1.20 74.67 Guinea 1.21 75.52 South Africa 1.21 75.52 Vietnam 1.21 75.52 Brazil 1.22 76.37 Syria 1.22 76.37 Philippines 1.22 76.37 Lesotho 1.24 77.22 Bhutan 1.24 77.22 India 1.25 78.07 Liberia 1.25 78.07 Bangladesh 1.25 78.07 Ukraine 1.27 78.91 Sri Lanka 1,28 79.76 Tanzania 1.28 79.76 Kenya 1.29 80.61 Costa Rica 1.29 80.61 Nepal 1.29 80.61 Tajikistan 1.31 81.46 Moldova 1.32 82.31 Benin 1.33 83.16 Australia 1.36 84.85 China 1.37 85.70 Swaziland 1.37 85.70 Uganda 1.37 85.70 Nigeria 1.37 85.70 Niger 1.37 85.70 Armenia 1.39 86.55 Mozambique 1.41 88.25 Jordan 1.41 88.25 Mongolia 1.41 88.25 Domin. Rep. 1.44 89.94 Lebanon 1.44 89.94 Fiji 1.47 91.64 Thailand 1.47 91.64 Cambodia 1.47 91.64 Mauritania 1.48 92.49 Peru 1.51 94.19 Togo 1.51 94.19 Burkina Faso 1.52 95.04 Rwanda 1.52 95.04 Japan 1.52 95.04 Cameroon 1.54 95.88 Chile 1.55 96.73 Morocco 1.58 98.43 Ivory Coast 1.59 99.28 DR Congo 1.62 100.98 Laos 1.62 100.98 R. of Congo 1.63 101.82 Paraguay 1.63 101.82 Bosnia and Herz. 1.66 103.52 Cape Verde 1.67 104.37 Mauritius 1.67 104.37 Chad 1.69 105.22 Poland 1.70 106.07 Andorra 1.70 106.07 Romania 1.73 107.76 Macedonia 1.73 107.76 Singapore 1.74 108.61 Hungary 1.74 108.61 Latvia 1.74 108.61 Estonia 1.74 108.61 Luxembourg 1.75 109.46 South Korea 1.75 109.46 Lithuania 1.77 110.31 Zambia 1.77 110.31 Bulgaria 1.77 110.31 Albania 1.78 111.16 Czech Rep. 1.78 112.01 Malawi 1.80 112.01 Croatia 1.80 112.01 Colombia 1.81 112.86 Serbia 1.81 112.86 Mali 1.82 113.70 Burundi 1.82 113.70 New Zealand 1.82 113.70 Austria 1.84 114.55 Senegal 1.85 115.40 Montenegro 1.86 116.25 Switzerland 1.89 117.95 Spain 1.90 118.79 Cyprus 1.90 118.79 Uruguay 1.92 119.64 Madagascar 1.95 121.34 Slovenia 1.95 121.34 Slovakia 1.96 122.19 Malta 1.96 122.19 France 2.04 127.28 Djibouti 2.08 129.83 Sweden 2.08 129.83 Ireland 2.08 129.83 Iceland 2.12 132.37 UK 2.14 133.22 Hong Kong 2.16 134.92 Germany 2.16 134.92 Israel 2.16 134.92 Belgium 2.18 135.77 Portugal 2.18 135.77 C.A. Republic 2.19 136.61 Finland 2.20 137.46 Greece 2.26 140.86 Turkey 2.26 140.86 Denmark 2.30 143.40 Netherlands 2.39 149.34 Italy 2.41 150.19 Norway 2.86 178.19

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## 4 thoughts on “Price of Petrol Around the World!”

1. farooq says:

i want to know that the calculation of the is right or wrong that the goverment is telling the with that tax or adding some extra money

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