Petrol price in India cheaper than US, UAE, China, Canada: Global average petrol rate is Rs 150, diesel Rs 159, data shows

Petrol prices in India are significantly lower than the global average, even as international crude oil prices come under fresh pressure amid rising tensions between the United States and Iran. Data from GlobalPetrolPrices.com shows that motorists in several countries, including the US, UAE, China and Canada, pay more for petrol than consumers in India.

The difference in prices becomes even more noticeable when diesel prices are compared. While the average global price of petrol stands at around Rs 150 per litre, diesel costs approximately Rs 159 per litre worldwide. In comparison, India's average petrol price is Rs 108.65 per litre, while diesel is available at an average of Rs 98.10 per litre. This means Indian consumers pay around Rs 41 less per litre for petrol and Rs 61 less for diesel than the respective global averages.

The figures come at a time when crude oil prices are witnessing renewed volatility. In global crude oil marke, Brent crude oil is trading at around $116.10 per barrel on Friday, October 30, 2026, amid concerns over a possible fresh military escalation between the US and Iran. Any prolonged disruption in the global oil market could have implications for countries that depend heavily on imported crude, including India.

Petrol and diesel prices in India lower than global average

Despite importing a substantial portion of its crude oil requirements, India has managed to keep retail fuel prices below the global average, according to the latest data. On October 30, petrol and diesel prices remained unchanged across major Indian cities


The comparison also highlights how fuel prices can vary sharply between countries, depending on their taxation policies, government subsidies and domestic energy markets.

Petrol rate in the US, UAE, China and Canada

Country	Petrol price (USD/litre)	Price in INR/litre
US	$1.210	₹115.25
UAE	$1.160	₹110.49
Canada	$1.417	₹134.97
China	$1.386	₹132.02
Pakistan	$1.386	₹132.02
Bangladesh	$1.332	₹126.87
UK	$2.316	₹220.60
Singapore	$2.502	₹238.32
France	$2.355	₹224.31
Hong Kong	$4.426	₹421.58
India	$1.144	₹108.97

India's petrol prices are also lower than those in several major economies. The US, despite being one of the world's largest oil producers, generally has lower petrol prices than many other developed economies. However, its rates can still vary considerably by state and region.

In countries such as Canada and China, the final price paid by consumers is influenced by a different combination of taxes, government policies and domestic fuel pricing mechanisms. The UAE, despite being a major oil-producing country, also follows its own domestic fuel pricing system. This explains why being an oil producer does not automatically translate into the cheapest petrol for consumers. Government taxes and the way retail fuel prices are determined play an equally important role.

Where is petrol cheapest and most expensive in the world?

The difference between the cheapest and most expensive fuel markets is striking. According to the data, Libya has the world's cheapest petrol, at approximately Rs 2.22 per litre. Venezuela also offers heavily subsidised fuel, with petrol costing around Rs 3.32 per litre and diesel approximately 40 paise per litre.

At the other end of the spectrum, Hong Kong has among the world's most expensive fuel prices. Petrol costs approximately Rs 420.50 per litre there, while diesel is priced at around Rs 463.02 per litre. India's own fuel prices also show considerable regional variation. Port Blair has one of the country's lowest petrol prices, at Rs 88.66 per litre. Diesel costs around Rs 84.56 per litre in the island city. In contrast, Chittoor in Andhra Pradesh has among the highest fuel prices in India. Petrol costs approximately Rs 118.34 per litre, while diesel is priced at Rs 106.06.

Why are petrol and diesel rate different across countries?

International crude oil prices are an important factor in determining retail fuel rates. However, they do not tell the entire story. Every country has its own taxation structure and fuel pricing policy. Some governments impose substantial taxes on petrol and diesel to generate revenue or encourage people to use public transport. Others keep fuel prices low through subsidies or lower tax rates.

Oil-producing nations can also offer cheaper fuel to domestic consumers because of their access to local petroleum resources and government pricing policies. The cost of refining, transportation, distribution and currency exchange rates can further influence the final price at fuel stations.

Consequently, even when two countries purchase crude oil at similar international prices, motorists may end up paying very different amounts for petrol and diesel.