Countries with the Cheapest/Most Expensive Fuel

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It’s very interesting to get acquainted with the correlation between the cost of a liter of gasoline and car sales according to the latest changes in the world. Does expensive or cheap fuel affects the car preferences of the population? Let’s find out!

The most interesting countries for car owners

Venezuela – 2.5 cents per liter

The world’s cheapest gasoline is sold in oil-producing Venezuela, as it’s cheaper than water! It would seem that motorization with such introductory should be ubiquitous, as all you have to do is pour and ride. Almost half a million cars were sold here in 2007. It’s not bad for a country with a population of 28 million people. Moreover, about 350 thousand sold cars were produced locally. The latest official data refer to the pandemic year 2020. Then the Venezuelans bought only nearly 1670 new cars. The most popular were the locally assembled Toyota Fortuner and Hilux. There was only one car sold per 16.700 inhabitants.

Libya – 3 cents per liter

It’s another country with rich oil reserves and a difficult political situation. Libya is still tormented by internal conflicts (since 2011) but this does not affect car sales as dramatically as in Venezuela. During Muammar Gaddafi’s time, from 47 to 57 thousand new cars were sold in the country annually, and after his overthrow, the figures dropped to 22-30 thousand: even in a pandemic (in 2020), the total circulation was 22.500 vehicles. One new car accounts for about 320 Libyans (with a population of 7.2 million people). There are no official layouts for the most popular brands and models but the positions of Japanese SUV and pickup manufacturers are traditionally strong here.

Iran – 5 cents per liter

The Iranians will pour you a liter of gasoline for only 5 cents and the demand for it is really high here. Last year, the local car market ended with a result of 907.000 units – and this is less than the record year 2017 when the Iranians purchased as many as 1.37 million cars. Even now, one new car accounts for only 92 residents.

As for the brands, historically Peugeot and the local manufacturer Saipa argue for leadership in the Iranian market. The third place is occupied by Iran Khodro cars, also created on a French basis. The most popular model is the Saipa Pride, a modified version of the Kia Pride subcompact from the mid-eighties.

Syria – 32 cents per liter

Despite the civil war, there’s formally a car market in Syria. Although it is represented only by Hyundai and Kia brands. The perseverance of the Koreans can only be applauded: Nissan, Subaru, and Mazda left Syria by 2018. Besides them, no one was particularly present in the country. As for the volume of sales, they are steadily declining: 14.000 new cars were sold here in 2014. Then last year ended with a result of only 1958 vehicles, 500 of which turned out to be Hyundai Tucson crossovers. At the same time, the indicator of the number of people per new car here is still higher than in Venezuela, and almost twice – 1:8500.

Algeria – 32 centes per liter

The government of this African country decided to improve the local car market but in the end, it almost finished off. A sales record was set in 2013 (more than 430.000 new cars were sold). Then a course was set for local production: imported models first fell under increased customs duties, then imports were limited by quotas, and in the end, they were banned altogether. Of course, there was a shortage, prices skyrocketed, and sales fell by more than four times. Renault was the first to organize local production, which was the leader in the Algerian market even before the reforms.

The pandemic administered the coup de grace: only 20 thousand new cars were sold in Algeria in 2020 and 2021, that is, one for 2.150 people. The top 3 brands look like this: Renault, Hyundai, and Mercedes-Benz. The most popular model remains the Symbol-Logan.

Israel – $2.4 per liter

The automotive market feels stable and good even despite the relatively high price of fuel. It slowly cooled down in the pandemic 2020 after a record 2016 (287.000 cars). It bounced back to the mark of 289.000 in 2021. A country’s population here is 9.2 million people, which means that there is one new car for every 32 inhabitants.

Norway – $2.5 per liter

Norwegian gasoline is only slightly more expensive than Israeli gasoline but customer preferences differ radically: right now it is a country of victorious electric mobility. Government subsidies don’t have a great influence. The most popular brand is Tesla, the most popular model is the Model 3. The brand breakdown is as follows: Tesla is followed by Volkswagen and Toyota, followed by Volvo, BMW, Audi and Skoda, and Ford, Mercedes-Benz and Hyundai close the top ten. The market itself is unshakable – even the pandemic reduced sales only to 140 thousand units (the historical maximum was 150 thousand). Last year was marked by a powerful rebound and a new record – 176.000 vehicles.

Monaco – $2.54 per liter

The official population of the tiny principality is only 38.000 people. In 2019 they bought nearly 3.200 new cars. Of course, cheap models are almost impossible to find here. Mercedes-Benz held the lead for 6 consecutive years, followed by Audi and Porsche. Perhaps the pandemic era somehow influenced these alignments but hardly in the direction of democratization.

Central African Republic – $2.57 per liter

A liter of fuel in the Central African Republic is almost the most expensive in the world but the prosperity of the population doesn’t matter here. It’s just that there is practically no gasoline here, and the economy is practically absent: the country is one of the poorest in the world. There is no official data on new car sales but studies say that several hundred cars are sold here annually.

However, people in each country have their own peculiarities and special preferences among brands. Some people pay great attention to the old Soviet cars and do their best to renew them via retro auto parts. Of course, it might seem hard to find decent solutions for jobbing work but Autoclassik Company has everything you need and is ready to help with this process. The fuel and car price don’t matter in your country when you are in love with the restoration procedure and are fond of antique and classic vehicles. Bring the chosen car back to life with the help of Autoclassik Company.

 

 

 

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