In recent times, petrol prices across the globe have been fluctuating significantly. While some regions witness soaring costs, others have petrol priced close to what one might pay for a cup of tea. The article highlights the countries offering the cheapest petrol, which are Libya and Iran, where the prices are astonishingly low.

Libya stands at the top of the list, with petrol priced at approximately 0.024 dollars per liter, equivalent to about 2.15 rupees. This affordability is attributed to Libya’s oil-rich resources, enabling the government to sell petrol at remarkably low prices to provide economic relief to its citizens. The strategic pricing reflects the country’s reliance on its extensive oil reserves.

Following Libya, Iran also features low petrol prices, with costs around 0.029 dollars per liter, translating to approximately 2.51 rupees. Iran’s ability to offer such low prices stems from its robust subsidy policies, which bolster domestic consumption. These trends not only indicate the disparities in fuel pricing worldwide but also raise questions about the sustainability of such subsidy programs in the long term.