New Delhi: Fuel or oil in the form of petrol and diesel is in great demand in every country in the world. It would not be a hyperbole to say that the world’s economy runs on fuel. These are commodities on which the entire economy depends. Even a slight change in their prices has a clear impact on the economy. Let’s find out which countries have the lowest petrol prices in the world. 1. Venezuela: Venezuela ranks first in the world as the cheapest seller of petrol. A litre of petrol in this country costs $0.02 (Rs 1.78). 2. Iran: Iran ranks second in the world for the cheapest petrol. The price of 1 litre of petrol in Iran is $0.09 (Rs 7.99). 3. Sudan: African country Sudan ranks third in the world in terms of petrol prices. 1 litre of petrol in Sudan costs $0.14 (Rs 12.43). 4. Malaysia: The East Asian country Malaysia ranks fourth in the list of countries with the cheapest petrol prices. The price of 1 litre of petrol in Malaysia is $0.28 (Rs 24.86). 5. Angola: The African country Angola ranks fifth in the list of countries with the cheapest petrol prices. The price of 1 litre of petrol in Angola is $0.29 (Rs 25.75). 6. Nigeria: Nigeria ranks sixth in the list of countries with the cheapest petrol. The price of 1 litre of petrol in Nigeria is $0.32 (Rs 28.41). 7. Algeria: Petrol prices in Algeria are also much lower than in other countries. The price of 1 litre of petrol in Algeria is $0.33 (Rs 29.30). 8. Kuwait: Kuwait is the country selling the cheapest petrol among the Gulf countries. 1 litre of petrol in Kuwait costs $0.34 (Rs 30.19). 9. Qatar: Petrol prices in Qatar are also much lower than in other countries. 1 litre of petrol in Qatar costs $0.36 (Rs 31.96). 10. Saudi Arabia: Saudi Arabia ranks 10th in this list of countries with the cheapest petrol. 1 litre of petrol in Saudi Arabia costs $0.39 (Rs 34.63). (The list has been prepared after adjusting the rate of crude oil and the value of the rupee against the dollar on the given days for both. Hence there is always a possibility of a margin of error.)