It became known where in the world the cheapest and most expensive gasoline is

Analysts have identified the countries with the highest and lowest gasoline prices. They used data from the analytical resource Global Petrol Prices for February 3.

A new infographic from Visual Capitalist shows that the cheapest gasoline is in Iran. The price there was $0,11 per gallon (about $0,03 per liter). The low price of gasoline in the Islamic Republic is due to the developed oil and oil refining industry.

The most expensive gasoline is in Hong Kong: residents of the special administrative region bought fuel at a price of $ 12,90 per gallon ($ 3,41 per liter). The fact is that Hong Kong does not have its own fossil fuel production. In addition, it is traditionally included in the list of the most expensive cities in the world.

The high price of gasoline in Norway is due to high taxes (while the oil and gas complex has traditionally been the foundation of the Norwegian economy).

Russia ranked 11th among the countries with the cheapest gasoline: on average, Russians paid $2,28 per gallon ($0,6 per liter). Fuel is much more expensive in China, where the price was $4,40 per gallon.

Gasoline prices in Ukraine - forecasts

The National Bank of Ukraine stated that the rate of fuel price growth in Ukraine may accelerate this year to over 13%. The decline in world oil prices may slow down the growth.

According to Leonid Kosyanchuk, CEO of the gas station chain, gasoline prices by the end of the year will depend on the political situation in the United States, in particular, on President Trump's reforms.

In addition, much will depend on the situation in the Middle East and the situation in Ukraine itself, in particular, on the hryvnia exchange rate.