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Sunday 20 June 2021
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Tunisia 32nd country where gasoline is cheapest

The average price of gasoline in the world is 1.16 US dollars per liter. However, there is a substantial difference between prices in these countries.

In general, rich countries have higher prices while poor countries and oil producing and exporting countries have much lower prices.

A notable exception is the United States, which is an economically advanced country with low gas prices.

Price differences between countries are due to various taxes and subsidies for gasoline. All countries have access to the same oil prices in international markets but then decide to impose different taxes.

As a result, the retail price of gasoline is different. This is what we read on the specialized site “GlobalPetrolPrices”

In Tunisia according to the same source, the price of gasoline is US $ 0.76 per liter.

By comparison, the average price of gasoline in the world for this period is 1.16 US dollars.

The graph below shows the price of gasoline in the country compared to other countries.

Tunisia is ranked 32nd country where the price of gasoline is less than 1 dollar per liter.

This low price, compared to the international price, is in fact due to the subsidy.

Indeed, out of a total of TD 6 billion, fuel subsidy represented some 68% in 2013 or the equivalent of TND 3.734 billion and this has not decreased.

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