Business News of Friday, 19 May 2006

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At The Pump Around the World

The price of gas varies around the world, due to the vagaries of Inter-bank exchange rates but mostly because of taxes and subsidies. With the help of money.cnn.com and Associates for International Research, we present the prices around the world in US gallons ( = 3.7854118 liters) compared to the 'purchasing power' in each country.

COUNTRY Petrol Price
US$/US gallon
GDP per capita*
in US$
Venezuela/Caracas** 0.12 6,186
Nigeria/Lagos** 0.38 1,188
Kuwait** 0.78 16,301
Saudi Arabia/Riyadh** 0.91 15,229
Russia** 1.50 11,041
Haiti/Port-of-Spain 1.61 1,783
China/Beijing 2.05 7,204
South Africa/J'brg 3.39 20,590
US/New York 3.19 to 3.50 41,399
Australia/Sydney 3.42 30,897
Jamaica 3.65 4,293
Ghana 3.70 2,643
Barbados 3.95 17,610
Brazil/Sao Paulo 4.60 8,584
Italy/Rome 5.53 21,560
France, Paris 5.54 29,316
Belgium/Brussles 6.16 31,244
UK/London** 6.28 30,470
Germany 6.40 30,579
Netherlands 6.48 30,862
Turkey 6.90 7,950
Norway/Oslo** 6.90 42,364
Footnote
* = gross domestic product (GDP) at purchasing power parity (PPP) per capita
** = oil producing country (net exporter)