Highest and Cheapest Gasoline Prices by Country


Dateline 2014-12-02, Bloomberg:

Malaysia

Price per gallon of gasoline: $2.48
Rank by most expensive gas: 54
Rank by pain at the pump: 35

Malaysia’s extensive fuel subsidies give it one of the lowest gasoline prices.

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 Razak cut the fuel subsidy. He cut it again in October.

Even though gas remains cheap, the subsidy cuts are sending inflation ripples through the economy. Consumer prices are forecast to climb 4 percent to 5 percent next year, the fastest since 2008.

One Response to Highest and Cheapest Gasoline Prices by Country

  1. Alexis T. says:

    Well, here in Equatorial Guinea the price per liter of gasoline is around $4.58 ( approx. $17.4 per US gallon). It is expensive since we import all of it…

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