Venezuela (Caracas): Rs 2.12 per litre
In Venezuela (Caracas) petrol costs the least in the world. It is priced at $0.05 or Rs 2.12 per litre!
The country subsidises fuel prices for its citizens from the money it makes from selling crude oil to other nations. Venezuela is a major oil-producing nation.
Image: Supporters of Venezuelan President Hugo Chavez set up a giant dummy in front of the National Assembly in Caracas. | Photograph: Juan Barreto/AFP/Getty Images
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