The 10 Countries with the Cheapest Gas Prices

One is Venezuela

Venezuela, although a generally underdeveloped country, has abundant fossil fuel reserves and uses these resources to practically give its citizens free gasoline. Well, it is odd to consider, don't you think? Yet it's accurate. Technically, a rig could be filled up for pennies in Venezuela because the price per gallon there is only $0.06 there. What a fleet owner's fantasy.

2. Libya

When it comes to cheap gas, Libya, a nation in North Africa, comes in at number two. now, a gallon of gasoline costs only $0.12.

3. Iran

In Another oil-rich nation a trend is emerging. It stands to reason that oil-rich nations should be the ones to pay the least. The Iranians charge $0.20 a gallon despite having substantial domestic oil supplies.

4. Angola

With a gallon of gasoline costing $1.20, the continent of Africa ranks #4.

5. Algeria

Even though its citizens pay more than ten times as much for gas as its Neighbour to the west, Libya, Algeria ranks #5 in terms of affordability. In Algeria, a gallon of gas costs $1.27.

6. Kuwait

a nation with a large oil reserve whose exports of gasoline help to boost its GDP. Kuwaitis spend $1.30 for a gallon of gas.

7. Turkmenistan

Turkmenistan joins the list with a gallon of fuel costing $1.63.

8. Egypt

Fuel from Egypt is priced at $1.65 per gallon. Well Done!

9. Nigeria

In Nigerian gas stations, a gallon costs $1.72. Even still, filling up is still thought to be extremely expensive in Nigeria due to the low average income.

10. Kazakhstan

Kazakhstan ranks 10th with a gallon price of $1.73.

Venezuela currency value comparison INR to VEF

1INR = 0.289329 VES

1VEF = 3.45627 INR

1USD =23.9456 VES

1VEF =0.0417614 USD

currency of Venezuela named as Venezuelan bolívar

denote as VEF

Venezuela

Official Name: Bolivarian Republic of Venezuela

Capital City: Caracas

Population: 28,644,603

Area: 912,050 sq km

Languages: Spanish

Time Zone: UTC-4 (Venezuelan Standard Time)

some facts about Venezuela

No. 1: Name etymology

One of the top 17 biodiverse countries on the earth is Venezuela. Venezuela's name is derived from the Italian word "Veneziola."

No. 2: Outstanding geography

An island in the Caribbean, mountains, icy masses, rivers, high country meadows, marshlands, desert, woods and jungles, and canyons may all be found in Venezuela. We can therefore claim that this nation is blessed with excellent geology.

No. 3: Earth as Heaven

In 1497, Christopher Columbus became the first European to discover the nation. He said he had discovered "Paradise on Earth." He gave it the appellation "Land of Grace," which is still used as the nation's abbreviation today.

No. 4: Oldest lake in the world

The oldest lake on earth is found in Venezuela, and it is called "Lake Maracaibo." It is also the largest lake in South America.

Important facts about Venezuela

No. 5: Miss World winners

Venezuela is renowned across the world for having beautiful women. Seven Miss Universe crowns, six Miss World crowns, seven Miss International crowns, and two Miss Earth crowns are all held by its excellence show champions.

The Miss Venezuela pageant is a well-known annual event in the nation.

No. 6: Wildlife and the largest rat in the world

The fauna and flora of Venezuela are distinctive. More than 3900 species of fungi, 23% of all reptiles, and 50% of all amphibians can be found here, along with more than 25000 types of orchids. Dolphins, Orinoco, crocodiles, gigantic anteaters, jaguars, and capybaras are among the local wildlife.

No. 7: Petroleum, the absurdly modest

Venezuela provides a lot of gasoline at a low cost—almost free. Venezuelans don't drive very often, nevertheless. As a result, they export 80 per cent of their gasoline.

No. 8: The greatest oil reserve on earth

The world's greatest oil reserves are in Venezuela, an original member of OPEC. One of the world's top oil exporters, historically. Oil is therefore more affordable than water.