These GCC Nations Rank Top 8 for Lowest Global Petrol Prices
- Publish date: Friday، 05 April 2024
- Related articles
- Oman Holds the 49th Rank in the Global Passport Power Index 2023
- Oman's Inflation Rate is the Lowest Among Arab Countries
- Oman Ranks 2nd in GCC on Environmental Performance Index
New data released up to March 2024 reveals a surprising revelation: three Gulf Cooperation Council (GCC) countries have secured positions among the top eight nations worldwide with the most affordable petrol prices!
GCC Countries' Petrol Prices
Kuwait leads the charge, claiming the third spot globally with petrol priced at a mere $0.28 per liter. Following closely behind is Bahrain, ranking fifth globally with petrol priced at $0.37 per liter. Qatar rounds off the trio, securing the eighth position globally with petrol prices standing at $0.53 per liter.
Economic Strategy and Sustainability
Amidst global concerns over rising fuel costs, these GCC nations have demonstrated skillfulness in maintaining economical petrol prices. Their success can be attributed to strategic policies and a diversified economy, enabling them to uphold affordable petrol rates.
Moreover, their emphasis on renewable energy and environmentally friendly practices underscores a commitment not only to economic stability but also environmental sustainability.
This article was previously published on kuwaitmoments.To see the original article, click here