Rising prices of petrol and diesel in India continue to be a cause of great distress for the people. The central government is also constantly discussing the prices of petrol and diesel. The price of petrol has reached Rs 100 per liter in many states of the country.
On the other hand, there are many countries in the world where petrol is being available at the cost of water. According to Global Petrol Prices, the cheapest petrol in the world is found in Venezuela. The price of petrol in this country is only 1.45 rupees per liter. This is also due to Venezuela having the largest oil reserves on earth.
The government of this country also subsidizes people on fuel. In this country, due to the imposition of economic restrictions by many big countries including the world's superpower America, the price of petrol is very low. This is the reason why this country is not able to sell its oil to other countries.