5 Countries with the Cheapest Gas Prices

2. Libya

Price of Gas per Gallon: $0.116

Libya has some of the cheapest fuel prices in the world. The gas price is determined by the National Oil Corporation and is heavily subsidized by the government. The price of Libyan gasoline is, in fact, even cheaper than water

Libya is one of the top oil producers in Africa and exported around $27 billion of crude in 2021.