Petrol prices around the world: Most expensive in Hong Kong, cheapest in Venezuela; find out where India ranks

SUMMARY

As multiple countries are dealing with the COVID-19 pandemic and subsequent hikes in petrol prices, here's a look at some countries where petrol is least and most expensive. Prices are as of May 24, 2021

By CNBCTV18.comJun 2, 2021 11:53:02 AM IST (Updated)

Petrol prices are hitting a record high in India, with the essential commodity crossing the Rs 100-mark per litre in Mumbai and several other cities in states like Rajasthan, Madhya Pradesh and Maharashtra. Petrol and diesel prices on June 1 scaled new highs across the country after they were hiked for the 17th time in a month. As multiple countries are dealing with the COVID-19 pandemic and subsequent hikes in petrol prices, here's a look at some countries where petrol is least and most expensive. Prices are as of May 24, 2021. $1 = Rs 72.87

Five countries where petrol is least expensive: No 5 | Kuwait | $0.349

No 4 | Algeria | $0.344

No 3 | Angola | $0.249

No 2 | Iran | $0.067

No 1 | Venezuela | $0.02

Five countries where petrol is most expensive: No 5 | Monaco | $2.003

No 4 | Central African Republic | $2.05

No 3 | Norway | $2.056

No 2 | The Netherlands | $2.178

No 1 | Hong Kong | $2.485

India ranks at the 58th spot of countries where petrol is most expensive, as of May 24 petrol was priced at $1.31 per litre in India.