Who has the highest gas prices in the world 2022?

Gasoline prices, Octane-95, 05-Sep-2022: The average price of gasoline around the world is 1.34 U.S. Dollar per litre. However, there is substantial difference in these prices among countries. As a general rule, richer countries have higher prices while poorer countries and the countries that produce and export oil have significantly lower prices. One notable exception is the U.S. which is an economically advanced country but has low gas prices. The differences in prices across countries are due to the various taxes and subsidies for gasoline. All countries have access to the same petroleum prices of international markets but then decide to impose different taxes. As a result, the retail price of gasoline is different. Use the drop menu to see the prices in gallons.

Gasoline prices, 05-Sep-2022
(litre, U.S. Dollar)

Note: The prices for the countries with a * are updated weekly. The data for the remaining countries are updated monthly.

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Gasoline prices, 05-Sep-2022
(litre, U.S. Dollar)

Netherlands*

Denmark*

Finland*

Switzerland*

Barbados*

Norway*

Iceland*

Central African Rep. 

Zimbabwe*

Hong Kong*

2.033

2.052

2.066

2.104

2.176

2.189

2.243

2.272

2.573

2.967

0

0.7

1.5

2.2

2.97

Note: The prices for the countries with a * are updated weekly. The data for the remaining countries are updated monthly.

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Gasoline prices in cities around the world

Regional gasoline and diesel prices

Gas prices are an ongoing source of concern, frustration, and debate in the U.S., after topping $5 per gallon for the first time in the past week. But it’s hardly the only country facing a fuel crisis.

AAA reports the national average of a gallon of regular unleaded stands at $5 as of Friday morning, a slight decrease from earlier in the week as demand at the pump has started to wane. In California, residents are paying an average of $6.42.

But for people in Hong Kong, $5 or $6 per gallon would be a tremendous relief.

The price per gallon in U.S. dollars in that country currently stands at $11.35, according to globalpetrolprices.com, which tracks average prices around the world. Hong Kong holds the dubious honor of having the world’s most expensive gas at the moment.

The fact that consumers in other countries are paying even more doesn’t erase the financial pain Americans feel as they attempt to balance their budgets, of course. But it can help put things in perspective and show that the situation could certainly be worse. Here’s how prices stand, as of June 13. (All prices are in U.S. dollars for a gallon of gas.)

Hong Kong: $11.35
Norway: $10.22
Denmark: $10.04
Finland: $10.08
Greece: $9.49
Netherlands: $9.33
United Kingdom: $8.39
Spain: $8.35
France: $8.27
Italy: $8.01
Israel: $7.94
Germany: $7.65

Curious who else is in the $5 range? Australia, Chile, India, and Fiji are all in roughly the same place as the U.S. when it comes to gas prices.

Of course, some countries have it better—a lot better. You might think Saudi Arabia has the cheapest gas, but it stands at $2.35 per gallon there, well above other countries in the region. Here’s who has the cheapest gas on the planet.

Venezuela – $0.08
Libya: $0.12
Iran: $0.20
Syria: $1.08
Algeria: $1.19
Kuwait: $1.29

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Motorists are everywhere. Driving a car is often the most convenient way to go where you gotta go, whether you’re in Bondi, Bamako, or Bangkok. So, while a select few countries monopolise the fuel extraction industry, the price of gasoline and diesel varies from country to country, depending on affordability, availability, and local taxes.

And these fuel prices have yo-yo’d dramatically since the pandemic hit, as Budget Direct reported in our guide to fuel prices all around Australia. So, now we’re taking the study globally. The cost of gas and diesel worldwide has been indexed for an up-to-date picture of prices and affordability in every country where data is available. We also show the price of fuel across key US, UK, and European cities. Vroom vroom!

Key Findings

• The country with the most expensive gasoline is the Central African Republic, at a cost of US$2.027 per litre.
• The most expensive diesel is in Sweden, where a litre costs US$1.809.
• The least affordable market for fuel is in Burundi, where it costs 576% (gas) or 563.9% (diesel) of the average monthly salary to fill an 80L tank.
• The most affordable fuel is in Qatar, where it takes 0.8% (gas) or 0.6% (diesel) of the monthly salary to fill an 80L tank.

Discover the Price of Fuel in Every Country

Our interactive map shows the price and affordability of gasoline and diesel around the world. Click the tabs at the top to switch between fuel types and price/affordability. You can change the currency using the tabs on the top-right of the map itself.

Tax on fuel is high in Europe, in many cases to fund environmental initiatives and discourage motoring. It is a big leap from the US, China, and Russia - fossil fuel subsidies across these three countries amount to around US$900 billion annually. These are countries where driving is a more necessary means of transport but also where the government wants to encourage local energy production to strengthen its isolationist positioning.

The least affordable fuel is mostly found across Africa. This is due to a low average income rather than the cost, which is moderate. The most affordable fuel is found in high-income, low-cost Middle East countries, including United Arab Emirates, Kuwait, and Qatar. The US is the fourth-most affordable market for gas and diesel, and Australia has the sixth (gasoline) and eighth (diesel) most affordable fuel.

Southampton Has the UK’s Most Expensive Fuel

There is significant variation in fuel costs across the UK, mostly due to supply and demand in each area. The UK gasoline (i.e. petrol) market is skewed by the dominance of supermarket fill-up stations. The big stores use low fuel prices to attract motorists making their weekly “big shop.” This means that the UK’s famous north-south divide doesn’t play a major part in the gasoline price disparity. The top 5 most expensive cities range from the south coast (Southampton) to Scotland (Edinburgh).

The most expensive UK cities for diesel are not much different from the gasoline top-hitters, for the reasons described above. Southampton is the most expensive for diesel as with gasoline. Historically, diesel and gasoline have been subject to similar levels of taxation in the UK, whereas much of Europe taxes gasoline higher than diesel.

California and Texas Home to Extremes of Fuel Prices

Everybody knows San Francisco is expensive. And SF comes out top for the most expensive gasoline and diesel, too. In fact, California dominates the charts for both fuel types, with America’s priciest fuel and gasoline found in SF, San Jose, Los Angeles, Sacramento, San Diego, and Fresno.

The cheapest cities in America are also consistent across diesel and fuel. Yes, they’re in Texas, America’s oil state. Fort Worth, Dallas, and San Antonio all boast gas at under 65¢ per litre and diesel under 60¢. However, the state’s tough winter is having a knock-on effect on prices within Texas and beyond.

Environmental Considerations Top-Up European Prices

Helsinki (Finland) and Paris (France) are in the top three for gasoline and diesel prices alike. But Europe’s priciest city for gasoline – Amsterdam (Holland) – is only the sixth most expensive diesel city. The Dutch emphasis on environmental initiatives is what keeps the cost of both fuel types high across Holland.

Sweden’s capital, Stockholm, takes top place for cost of diesel, at €1.45 (US$1.71) per litre. Stockholm has a city-wide environmental zone, which includes bans on vehicles with high emission levels. Diesel is subject to high taxation, which, coupled with a weak krone, has seen prices rise and emissions fall.

The cost of gasoline and diesel is not just economic but also the toll these fossil fuels take on the world. Bargain gas is always a happy find for the eager driver – but why not try putting those savings towards less environmentally destructive modes of transport?

Methodology & Sources

Neomam Studios, on behalf of Budget Direct collected this data about gasoline and diesel prices in February 2021.

Then the affordability of gasoline and diesel was calculated as a percentage of the costs of 80L of fuel to the average monthly salary. Income per capita data was taken from the World Bank.

The cost to fill one of the most popular cars in every region (Ford F-150 for the United States; Ford Fiesta for the United Kingdom and Volkswagen Golf for Europe) was also calculated for your interest.

This information is general in nature only and does not constitute legal advice. While Budget Direct has endeavoured to ensure the information provided is accurate and current, we do not guarantee it. Budget Direct accepts no liability for this information.

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