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Oil-based fuel (BBM) is one of the world's primary necessities. BBM is the raw material that drives transportation, enabling a country's economic activities to function properly.
The price of BBM is determined by several factors, one of which is the global price of oil. A number of countries have very high BBM prices because they do not implement subsidies.
Based on data from Numbeo, here is a list of the 10 countries with the highest BBM prices per liter in the world in 2021:
1. Hong Kong (US$ 2.34/liter or Rp 33,509/liter (exchange rate Rp 14,320/US$))
2. Palestine (US$ 1.94/liter or Rp 27,781/liter)
3. Netherlands (US$ 1.93/liter or Rp 27,638/liter)
4. Israel (US$ 1.91/liter or Rp 27,351/liter)
5. Greece (US$ 1.85/liter or Rp 26,492/liter)
6. Norway (US$ 1.83/liter or Rp 26,206/liter)
7. Finland (US$ 1.81/liter or Rp 25,919/liter)
8. Portugal (US$ 1.79/liter or Rp 25,633/liter)
9. Italy (US$ 1.77/liter or Rp 25,346/liter)
10. Sweden (US$ 1.76/liter or Rp 25,203/liter)
Meanwhile, Indonesia ranked 92nd globally with a BBM price of US$ 0.61/liter or the equivalent of Rp 8,735/liter. The United Arab Emirates is below Indonesia with a gasoline price of US$ 0.6/liter or Rp 8,735/liter.
The cheapest gasoline in the world is found in Libya, at US$ 0.1/liter or Rp 1,432/liter. Libya is known as a country with the largest oil reserves in the world. Libyan oil production reached 1 million barrels in 2020.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
Related Data
Market Data
| Name | Value | % | |
|---|---|---|---|
| Inflasi yoy (Jul) | 2,88% | -0.46 | |
| Inflasi mom (Jul) | -0,14% | -0.58 | |
| Economic growth | 5,11% | +0.08 | |
| Pertumbuhan ekonomi (yoy) (Q1) | 5,61% | +4.08 | |
| Persentase kemiskinan (Mar) | 8,07% | -0.18 | |
| Gini rasio (Sem2) | 0,38 | 0.00 | |
| Nilai Tukar USDIDR | 17.776 | -0.13 | |
| PDB ADHK (Q1) | 3.447,70 | -0.77 | |
| Neraca perdagangan (Jun) | -450,50 | -72.02 | |
| Ekspor Migas (Jun) | 1,07 | +40.52 | |
| Impor Migas (Jun) | 4,56 | +0.96 | |
| Ekspor (Jun) | 25,46 | +9.72 | |
| Impor (Jun) | 25,91 | +4.41 | |
| Kunjungan Wisman (Mei) | 1,38 | +10.69 | |
| NTP (Jul) | 116,16 | +1.32 |