Which country has the cheapest petrol in the world?

Among the 60 countries compared, Venezuela has the cheapest petrol at about US$0.02 per litre. Oil-producing nations that subsidise fuel heavily — such as Libya and Iran — also rank among the cheapest.

Which country has the most expensive petrol?

Hong Kong has the most expensive petrol in this comparison at around US$3.05 per litre, followed by Singapore and Netherlands.

Where does Malaysia rank for petrol prices?

At its unsubsidised market price of about RM3.37 (US$0.76) per litre, Malaysia ranks 17 of 60 countries — around mid-pack, close to the United States. However, eligible Malaysian drivers pay just RM1.99 under the RON95 Budi95 subsidy, which alone would rank among the 7 cheapest countries in the world.

Why is petrol so cheap in Malaysia?

The pump price Malaysians pay is cheap because the government subsidises RON95, capping it at RM1.99 per litre for eligible drivers under the Budi95 scheme. The actual market price is about RM3.37 per litre; the difference is the subsidy. This comparison ranks Malaysia at the market price so it lines up fairly with other countries.

Global petrol prices by country Harga petrol global mengikut negara

How much does petrol cost around the world? We compared pump prices in 60 countries — see the cheapest and most expensive, and exactly where Malaysia sits. Prices in US$ per litre, RM per litre and per gallon. Berapa harga petrol di seluruh dunia? Kami membandingkan harga di 60 negara — lihat yang termurah dan termahal, serta kedudukan Malaysia. Harga dalam US$ seliter, RM seliter dan segelen.

Snapshot: July 2026 · US$1 ≈ RM4.42 Cerapan: July 2026 · US$1 ≈ RM4.42

The RON95 subsidy hides how much petrol really costs in Malaysia Subsidi RON95 menyembunyikan kos sebenar petrol di Malaysia

At the market price of RM3.37/litre (US$0.76), Malaysia ranks 17th of 60 countries — mid-pack, near the US. But eligible drivers actually pay just RM1.99 under Budi95, which alone would rank among the 7 cheapest in the world. The gap — about RM1.38/litre — is the subsidy. World average: RM5.46/litre. Pada harga pasaran RM3.37/liter (US$0.76), Malaysia berada di kedudukan ke-17 daripada 60 negara — sederhana, hampir dengan AS. Tetapi pemandu yang layak sebenarnya membayar hanya RM1.99 di bawah Budi95, yang tersendiri antara 7 termurah di dunia. Jurangnya — kira-kira RM1.38/liter — ialah subsidi. Purata dunia: RM5.46/liter.

🟢 Cheapest petrol🟢 Petrol termurah

Venezuela US$0.02
Libya US$0.03
Iran US$0.03
Egypt US$0.31
Algeria US$0.34

🔴 Most expensive petrol🔴 Petrol termahal

Hong Kong US$3.05
Singapore US$2.22
Netherlands US$2.16
Norway US$2.10
Denmark US$2.05

Petrol prices in 60 countries Harga petrol di 60 negara

Ranked cheapest to most expensive. Tap a column header idea? Petrol shown per litre + per US gallon. Disusun dari termurah ke termahal. Petrol seliter + segelen US.

#	CountryNegara	Petrol US$/L	RM/L	US$/gal	Diesel US$/L
1	Venezuela	0.02	0.09	0.08	0.02
2	Libya	0.03	0.13	0.11	0.03
3	Iran	0.03	0.13	0.11	0.01
4	Egypt	0.31	1.37	1.17	0.30
5	Algeria	0.34	1.50	1.29	0.22
6	Kuwait	0.34	1.50	1.29	0.36
7	Kazakhstan	0.50	2.21	1.89	0.55
8	Bahrain	0.53	2.34	2.01	0.42
9	Bolivia	0.54	2.39	2.04	0.54
10	Qatar	0.55	2.43	2.08	0.55
11	Nigeria	0.58	2.56	2.20	0.60
12	Iraq	0.60	2.65	2.27	0.55
13	Saudi Arabia	0.62	2.74	2.35	0.30
14	Russia	0.65	2.87	2.46	0.68
15	Ecuador	0.66	2.92	2.50	0.45
16	UAE	0.71	3.14	2.69	0.74
17	Malaysia ⭐market price · RM1.99 subsidisedharga pasaran · RM1.99 subsidi	0.76	3.37	2.88	0.94
18	Indonesia	0.85	3.76	3.22	0.80
19	Vietnam	0.85	3.76	3.22	0.80
20	Colombia	0.85	3.76	3.22	0.75
21	United States	0.90	3.98	3.41	0.98
22	Pakistan	0.92	4.07	3.48	0.94
23	Taiwan	1.05	4.64	3.97	0.95
24	Philippines	1.06	4.69	4.01	0.92
25	China	1.10	4.86	4.16	1.05
26	Argentina	1.12	4.95	4.24	1.05
27	Brazil	1.15	5.08	4.35	1.10
28	Mexico	1.16	5.13	4.39	1.20
29	Japan	1.16	5.13	4.39	1.00
30	Thailand	1.18	5.22	4.47	1.00
31	India	1.20	5.30	4.54	1.12
32	South Africa	1.25	5.53	4.73	1.20
33	Kenya	1.30	5.75	4.92	1.20
34	Canada	1.30	5.75	4.92	1.35
35	Chile	1.30	5.75	4.92	1.15
36	Australia	1.32	5.83	5.00	1.35
37	Morocco	1.35	5.97	5.11	1.20
38	Turkey	1.36	6.01	5.15	1.38
39	South Korea	1.45	6.41	5.49	1.30
40	Poland	1.55	6.85	5.87	1.58
41	Spain	1.65	7.29	6.25	1.55
42	Austria	1.72	7.60	6.51	1.65
43	New Zealand	1.75	7.73	6.62	1.30
44	United Kingdom	1.76	7.78	6.66	1.85
45	Sweden	1.85	8.18	7.00	1.90
46	Portugal	1.85	8.18	7.00	1.70
47	Ireland	1.85	8.18	7.00	1.80
48	Belgium	1.90	8.40	7.19	1.85
49	Germany	1.92	8.49	7.27	1.85
50	Israel	1.92	8.49	7.27	1.75
51	Greece	1.95	8.62	7.38	1.80
52	Finland	1.96	8.66	7.42	1.85
53	France	1.97	8.71	7.46	1.90
54	Switzerland	2.00	8.84	7.57	2.05
55	Italy	2.02	8.93	7.65	1.92
56	Denmark	2.05	9.06	7.76	1.95
57	Norway	2.10	9.28	7.95	2.05
58	Netherlands	2.16	9.55	8.18	1.90
59	Singapore	2.22	9.81	8.40	1.95
60	Hong Kong	3.05	13.48	11.55	2.60

Average petrol price by region Purata harga petrol mengikut wilayah

Average of the countries in this snapshot, US$ per litre. Purata negara dalam cerapan ini, US$ seliter.

Middle East & Africa (15) US$0.70 · RM3.08

Americas (10) US$0.90 · RM3.98

Asia Pacific (16) US$1.28 · RM5.64

Europe (19) US$1.80 · RM7.97

Why do fuel prices differ so much between countries?

The same litre of petrol can cost 100 times more in one country than another. Three things explain almost all of it: taxes, subsidies, and whether a country produces its own oil. High-tax European states like the Netherlands and Norway sit at the top, while oil-rich nations that subsidise fuel — Venezuela, Iran, Libya, and the Gulf states — sit at the bottom. The crude oil itself is a global commodity priced in US dollars, so the raw material costs roughly the same everywhere; the gap you see at the pump is almost entirely policy.

Where does Malaysia fit in?

Malaysia is an oil producer and subsidises RON95 through the Budi95 scheme, capping it at RM1.99 per litre for eligible drivers. That places Malaysia firmly among the cheapest countries in the world for petrol — well below the global average and a fraction of what drivers pay in Singapore just across the border. It also means Malaysian pump prices are shielded from the weekly swings in global oil that move prices in un-subsidised markets. You can track the local weekly prices on our Malaysia fuel price page.

Petrol per litre vs per gallon

Most of the world prices fuel per litre, but the United States and a few others use the gallon. One US gallon is 3.785 litres, so a price that looks low per gallon is really higher per litre — worth remembering when comparing US "gas prices" to the rest of the world. The table above shows both so the comparison is fair.

Mengapa harga minyak berbeza antara negara?

Seliter petrol yang sama boleh berharga 100 kali ganda di satu negara berbanding negara lain. Tiga faktor menjelaskan hampir kesemuanya: cukai, subsidi, dan sama ada negara itu mengeluarkan minyaknya sendiri. Negara Eropah bercukai tinggi seperti Belanda dan Norway berada di puncak, manakala negara kaya minyak yang memberi subsidi — Venezuela, Iran, Libya dan negara Teluk — berada di bawah. Minyak mentah ialah komoditi global dalam dolar AS, jadi bahan mentahnya lebih kurang sama di mana-mana; jurang di pam hampir sepenuhnya disebabkan dasar.

Di mana kedudukan Malaysia?

Malaysia ialah pengeluar minyak dan memberi subsidi RON95 melalui skim Budi95, menghadkannya pada RM1.99 seliter untuk pemandu yang layak. Ini meletakkan Malaysia antara negara termurah di dunia untuk petrol — jauh di bawah purata global dan sepersekian daripada bayaran pemandu di Singapura. Ia juga bermakna harga pam Malaysia terlindung daripada turun naik mingguan minyak global. Semak harga mingguan tempatan di halaman harga minyak Malaysia kami.

Petrol seliter vs segelen

Kebanyakan dunia menetapkan harga seliter, tetapi Amerika Syarikat menggunakan gelen. Satu gelen AS ialah 3.785 liter, jadi harga yang nampak rendah segelen sebenarnya lebih tinggi seliter. Jadual di atas menunjukkan kedua-duanya supaya perbandingan adil.

About this data: A curated snapshot (July 2026) of typical pump prices compiled from public sources, converted at US$1 ≈ RM4.42. Malaysia is shown at its market (unsubsidised) price so it compares fairly with other countries — the RM1.99 figure is the subsidised RON95 price eligible drivers actually pay, updated live weekly. Other countries' prices change constantly and vary within each country — treat them as a comparison guide, not live quotes. See live Malaysian prices on our fuel price page. Mengenai data ini: Cerapan terkurasi (July 2026) harga pam biasa daripada sumber awam, ditukar pada US$1 ≈ RM4.42. Malaysia ditunjukkan pada harga pasaran (tanpa subsidi) supaya perbandingan adil dengan negara lain — angka RM1.99 ialah harga RON95 bersubsidi yang dibayar pemandu layak, dikemas kini setiap minggu. Harga negara lain sentiasa berubah — anggap sebagai panduan perbandingan. Lihat harga Malaysia langsung di halaman harga minyak kami.

See live Malaysian fuel pricesLihat harga minyak Malaysia langsung

RON95, RON97, RON100 & diesel — updated every week.RON95, RON97, RON100 & diesel — dikemas kini setiap minggu.

View Malaysia PricesLihat Harga Malaysia