FX.co ★ Top 10 countries with most expensive petrol

Hong Kong

Hong Kong takes the lead among countries with the highest cost of gasoline. The average price of fuel is $1.85 per liter. The economy of the territory is built on the free market, low taxation and non-interference of the state. Hong Kong is an offshore area with no customs fees on imported goods and value added taxes.

Iceland

The second in the list is Iceland. The cost of a litre of petrol is $1.62. Iceland’s economy of is one of the most developed in today’s world. It is characterized by low unemployment rates, equal income distribution and high economic growth.

Norway

Norway ranks third among the countries with the most expensive gasoline. It is one of the main oil and gas producers in Northern Europe. There are deposits of mineral reserves in the country. The price of one liter of gasoline is $1.62.

Monaco

The fourth place in the GlobalPetrolPrices list is the Principality of Monaco. There are many motorways and railways in the country. Sea and air communication is well developed. The price of gasoline is $1.60.

Barbados

The fifth place in the list is occupied by the island state of Barbados. It has a high standard of living. The economy is based on information services and tourism. Manufacture is represented by sugarcane processing enterprises. Furniture industry is well developed. Hardware is also manufactured there. Country’s oil and natural gas reserves are relatively small. The cost of petrol is $1.60 per litre.

The Netherlands

The Netherlands is the sixth in the list. The Netherlands’ economy owes its excellent reputation to world-famous companies and major concerns located in the country. Energy is considered the main Dutch industry. Power-consuming production is sufficiently well-developed. The price of one liter of gasoline is $1.56.

Central African Republic (CAR)

The seventh place in the GlobalPetrolPrices list is the CAR. The country possesses such large-scale natural resources as deposits of diamonds, uranium, gold and oil. The republic is rich in forests and hydropower resources. However, it is considered one of the poorest in the world. The cost of petrol is $1.55 per litre.

Israel

Israel is the eighth among the country with expensive fuel. It costs $1.52 per litre. Israel is among the most developed states in Southwest Asia. Its economy is one of the leading in the region. The country imports raw materials, defense products, fuel, grain and consumer goods.

Greece

The ninth place goes to Greece. The country's economy is not always stable and is crisis-prone. The GlobalPetrolPrices experts note that the price of gasoline on remote islands and in mountain villages is different from the mainland and metropolitan one. Sometimes the cost difference reaches 20%. Presently, a litre of petrol costs $1.52.

Italy

Italy rounds out the top 10. The cost of petrol is $1.55 per litre. The country lacks energy and water resources. There are no deposits of oil and gas, or nuclear power plants. At the same time, it has a developed network of railways and motorways. Over 90% of passengers and more than 80% of goods in Italy are transported by road.