Global petrol prices vary by regional taxes and oil production

Fuel pricing trends show significant variation across different regions due to taxes, subsidies, and oil production levels. In Africa, oil-producing nations dominate the list of countries with the lowest petrol prices. As of September 21, 2026, Libya recorded the lowest price at approximately N32 per litre, followed by Angola and Algeria.

In Pakistan, the retail price of petrol is heavily influenced by taxes and industry margins. Official documents indicate that while the actual cost of one litre of petrol is Rs254.96, the retail price is Rs391.30. This difference is driven by a petroleum levy of Rs80 per litre, customs duties, climate support levies, and various industry margins including freight and marketing company fees.