It would not be a hyperbole to say that the world’s economy runs on fuel.

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 term

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