Highest and Cheapest Gasoline Prices by Country


dateline 2014-06-02, Bloomberg:

Malaysia

Price per gallon of gasoline: $2.42
Rank by most expensive gas: 54
Rank by pain at the pump: 37

Malaysia’s extensive fuel subsidies give it one of the lowest gas prices in the 61-country ranking.

Cheap gas comes at a cost; despite strong economic growth, Fitch Ratings lowered the country’s credit rating last year. Soon after the rating drop, Prime Minister Najib Rasak cut the fuel subsidy by almost 23 cents a gallon.

Gas prices rose 11 percent since July when priced in Malaysian ringgits.

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