Fuel Prices Plummet: Iran Leads Global Rankings with Cheapest Petrol

In a surprising turn of events, Iran has emerged as the world's cheapest supplier of petrol, with prices as low as $0.029 per liter. According to recent data, Libya and Venezuela follow closely behind, offering fuel at $0.031 and $0.035 per liter, respectively. The list of countries with the lowest petrol prices also includes Angola, Egypt, and Algeria, showcasing a trend of affordable fuel in oil-rich nations. These low prices are often attributed to government subsidies and domestic oil production, although concerns about smuggling and economic sustainability persist in some regions.

Source: The News International