Whenever there is a crisis in any part of the world, whether that crisis is natural or human, the prices of petrol and diesel are affected first. This was also seen during the Russia-Ukraine war and when tension started in the Middle East, even then crude oil became expensive. Any kind of fluctuation in the price of petrol and diesel also affects the supply chain of the whole world. Today, oil prices are skyrocketing in almost all the countries of the world.
Talking about India, the average price of petrol here is Rs 94.72 per liter. At the same time, in a country like Pakistan, the price of oil has gone even higher than this. Meanwhile, we will tell you about a country in the world where petrol and diesel are cheaper than one rupee per liter. You may not believe it, but it is so. Let us tell you about this country.
The world's cheapest petrol is available here
The world's cheapest petrol and diesel is available in the South American country Venezuela. According to the information, the price of petrol in this country is 0.035 dollars per liter, which is around Rs 3.02 per liter in indian rupees. That is, the price of oil here is much less than the price of a liter of water. The biggest reason for the low price of petrol and diesel is the large reserves of crude oil reserves in Venezuela. According to estimates, venezuela has 18.2% of the world's total crude reserves.
Despite petrol being cheap, there is inflation here
Despite the prices of petrol and diesel being the lowest in the world in venezuela, many things here, from food to drink, are very expensive. This country was once counted among the richest countries in the world, but today inflation in this country has increased so much that a large part of the population is not able to buy even the things of need. According to reports, the inflation rate here is very high.
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