AKIPRESS.COM - As of early January 2020, the average price of gasoline worldwide amounted to 420.8 tenge per liter, the FinReview reported. 

In Kazakhstan, the cost of a liter of gasoline was 174 tenge. According to this indicator, the country took 9th position in the world ranking, which includes 92 countries. It is noteworthy that among the CIS countries gasoline is cheaper only in Turkmenistan – 163.6 tenge per liter.

In general, the price gap in different countries is significant – the cheapest gasoline in Venezuela (0.23 tenge per liter). Further, Iran is included in the rating with gas price of 42.4 tenge per liter, then Sudan (64.9 tenge per liter). And the most expensive gasoline in Hong Kong is 876.7 tenge per liter. Also, the Top 3 countries for the high cost of gasoline include Monaco (724.4 tenge per liter) and Iceland (722.2 tenge per liter).

The difference in prices in different countries is explained by the level of taxation and subsidization of the sector. As a rule, taxes are higher in economically developed countries, which accordingly ensures the high cost of gasoline. Significantly lower taxation in developing countries and countries with economies in transition, as well as in countries producing and exporting oil.