Top 10 countries with highest petrol prices in October 2025

As of October 2025, petrol prices have seen significant variations across the globe due to geopolitical tensions, subsidy reforms, supply chain disruptions, and local tax policies. 

According to Globalpetrolprices Here’s a look at the top 10 countries where consumers are paying the most per litre of petrol:

Libya – ($0.028 / ₦40.204)

Libya has the world’s cheapest petrol, thanks to heavy government subsidies and its large oil reserves. Despite ongoing political instability, petrol remains highly affordable domestically.

Iran –  ($0.029 / ₦41.670)

Iran maintains low petrol prices through state control and subsidies, using its vast crude oil resources. However, sanctions and smuggling issues continue to affect its energy market.

Venezuela –  ($0.035 / ₦50.986)

Once offering nearly free petrol, Venezuela still keeps prices extremely low through government control. Economic challenges and inflation persist despite the low cost of petrol.

Angola – ($0.327 / ₦476.574)

Angola’s petrol prices remain relatively low due to its oil production capacity. However, recent subsidy cuts have slightly increased domestic petrol costs.

Kuwait –  ($0.342 / ₦498.682)

As a major oil exporter, Kuwait offers some of the cheapest petrol in the Gulf region. Citizens benefit from generous fuel subsidies supported by oil revenues.

Algeria –  ($0.354 / ₦515.492)

Algeria’s low petrol price is sustained by government intervention and its strong energy sector. The state heavily subsidises petrol to ease living costs.

Turkmenistan –  ($0.429 / ₦625.462)

Turkmenistan provides low-cost petrol due to state control of its rich natural gas and oil resources, though access can sometimes be limited.

Egypt –  ($0.443 / ₦645.786)

Egypt’s petrol prices remain low but have been gradually rising as the government scales back subsidies under economic reform programmes.

Kazakhstan –  ($0.458 / ₦667.883)

Kazakhstan, a major oil producer in Central Asia, keeps petrol prices relatively low. However, protests in 2022 over fuel price increases led to tighter state regulation.

Bahrain –  ($0.531 / ₦772.798)

Bahrain has one of the lower petrol prices in the Gulf but higher than its neighbours due to fewer oil reserves. The government balances subsidies with economic diversification plans.

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