Menu
Share
Share this story
Close X
 
Switch to Desktop Site

World's cheapest gas: Top 10 countries

Next Previous

6 of 10

 
About these ads
6 of 10

5. Kuwait- $0.84 per gallon ($0.22 per liter)

Kuwait has the sixth-largest oil reserves in the world and is one of OPEC’s top oil-producing and oil-exporting countries. Oil export revenue make up half of Kuwait’s GDP and 95 percent of state revenues.  The Kuwait Petroleum Corporation plans to increase oil production capacity to 4 million barrels per day by 2020. Kuwait consumes a very small part of this oil domestically: Last year, 87 percent of Kuwaiti oil was exported.

Kuwait's fossil fuel subsidies were highest on a per capita basis, with $2,800 spent per person, according to Earth Policy Institute. The United Arab Emirates and Qatar followed, each spending close to $2,500 per person.

Next Previous

6 of 10

 

Share