There are 20 countries with the most expensive gasoline prices as of June 3, 2024. Many of these countries are in Europe or have unique geographic or economic factors, such as high taxes, import costs, or limited local production, that drive up fuel prices. This list reveals how policies and location impact the cost of gasoline worldwide.
Below is a table of these countries ranked by gas price per liter.
Flag This column shows the country’s flag emoji for easy visual identification.
Gas Price (USD/liter) This column lists the gasoline price in US dollars per liter, providing a clear measure of fuel cost.
Date of Data This column gives the exact date when the gasoline prices were recorded to ensure the information’s accuracy and timeliness.
countries with most expensive gasoline prices
| Country | Flag | Gas Price (USD/liter) | Date of Data |
|---|---|---|---|
| Hong Kong | 🇭🇰 | 3.20 | June 3, 2024 |
| Monaco | 🇲🇨 | 2.55 | June 3, 2024 |
| Iceland | 🇮🇸 | 2.50 | June 3, 2024 |
| Norway | 🇳🇴 | 2.35 | June 3, 2024 |
| Netherlands | 🇳🇱 | 2.25 | June 3, 2024 |
| Denmark | 🇩🇰 | 2.20 | June 3, 2024 |
| Finland | 🇫🇮 | 2.15 | June 3, 2024 |
| Israel | 🇮🇱 | 2.10 | June 3, 2024 |
| Switzerland | 🇨🇭 | 2.08 | June 3, 2024 |
| Greece | 🇬🇷 | 2.05 | June 3, 2024 |
| France | 🇫🇷 | 2.02 | June 3, 2024 |
| Germany | 🇩🇪 | 2.00 | June 3, 2024 |
| United Kingdom | 🇬🇧 | 1.98 | June 3, 2024 |
| Sweden | 🇸🇪 | 1.95 | June 3, 2024 |
| Italy | 🇮🇹 | 1.93 | June 3, 2024 |
| Portugal | 🇵🇹 | 1.90 | June 3, 2024 |
| Belgium | 🇧🇪 | 1.88 | June 3, 2024 |
| Uruguay | 🇺🇾 | 1.85 | June 3, 2024 |
| New Zealand | 🇳🇿 | 1.82 | June 3, 2024 |
| Singapore | 🇸🇬 | 1.80 | June 3, 2024 |
Descriptions
Hong Kong
Hong Kong boasts the world’s highest fuel prices due to extremely high taxes, limited land for refineries, and its reliance on imports, making daily commutes expensive for residents.
Monaco
This wealthy microstate experiences high fuel costs, influenced by its luxury economy and proximity to high-tax European nations, despite potentially lower local taxes.
Iceland
Iceland’s remote island location means all fuel is imported, leading to significant transportation costs and high taxes, contributing to some of the highest pump prices globally.
Norway
Despite being a major oil producer, Norway imposes heavy taxes on gasoline to fund its welfare state and promote environmental policies, resulting in elevated consumer prices.
Netherlands
High excise duties and VAT are the primary drivers of expensive gasoline in the Netherlands, part of the country’s strategy to encourage public transport and reduce carbon emissions.
Denmark
Denmark’s gasoline prices are among the highest due to substantial environmental taxes and duties aimed at promoting green initiatives and reducing reliance on fossil fuels.
Finland
Finland levies considerable taxes on fuel, reflecting its commitment to environmental policies and funding public services, which translates to high costs at the pump for consumers.
Israel
Israel’s gasoline prices are largely determined by government taxes, which constitute a significant portion of the retail price, coupled with import costs due to limited domestic production.
Switzerland
Switzerland’s high cost of living extends to fuel, influenced by taxes, its landlocked status requiring imported fuel, and a strong currency, making it expensive for motorists.
Greece
High taxation, including excise duties and VAT, is the main reason for Greece’s expensive gasoline, reflecting government revenue needs and energy import dependency.
France
Fuel prices in France include substantial taxes (TICPE, VAT) which fund public services and environmental projects, making gasoline a significant household expense.
Germany
Germany’s high fuel prices are primarily due to high taxes, including energy tax and VAT, which support infrastructure and environmental protection, impacting daily driving costs.
United Kingdom
High fuel duty and VAT make UK gasoline among the most expensive. These taxes are a key revenue source for the government and part of efforts to discourage car use.
Sweden
Sweden applies high taxes on gasoline to support its environmental goals and robust welfare system, making fuel expensive despite its oil import capacity.
Italy
Italy’s fuel prices are significantly impacted by high excise duties and VAT, which are historical and often adjusted for public revenue needs, placing a burden on drivers.
Portugal
Portugal levies considerable taxes on fuel, including specific consumption tax and VAT, contributing to high prices that reflect government fiscal policies and import reliance.
Belgium
High excise duties and VAT make Belgian gasoline expensive, consistent with many Western European countries that use fuel taxes for public funding and environmental incentives.
Uruguay
Uruguay’s state-owned oil company, ANCAP, holds a monopoly on fuel imports and distribution, leading to high prices often used to subsidize other public services and control inflation.
New Zealand
Due to its remote location and reliance on imported refined fuels, coupled with high excise taxes, New Zealand experiences some of the highest gasoline prices globally.
Singapore
Despite its proximity to major oil hubs, Singapore imposes high taxes and Vehicle Quota Entitlement costs to manage traffic congestion and promote public transport in its dense urban environment.
