The average price of petrol worldwide is 206.27 Pakistan Rupee per liter. However, there is substantial difference in these prices among countries. As a general rule, richer countries have higher prices while poorer countries and the countries that produce and export oil have significantly lower prices. One Exception is the United States which is an economically advanced country but has low gas prices. The differences in prices worldwide are due to the various taxes and subsidies for gasoline.
All countries have access to the same petroleum prices of international markets but then decide to impose different taxes. As a result, the retail price of gasoline is different. Here prices of petrol in worldwide are given for comparison. (Petrol prices, Octane-95, Data Date: 11-Oct-2021, 1 Liter in Pakistani Rupees)
