Global Oil Prices - Kuwait Ranked 5th In World And The 1st In Gulf And Arab Countries

Kuwait ranked fifth in the world and the first in the Gulf and Arab countries on the list of ‘Global Oil Prices’ – among the cheapest countries in the world in gasoline prices, in a survey which included 164 countries around the world.

The price of a gallon in Kuwait on July 29, 2019 was the equivalent of $1.3, which ranks Kuwait seventh among the 15 countries with the world’s largest proven oil reserves, reports Al-Anba daily.

“Venezuela topped the list as usual in the world’s top spot with a price of $ 0.004, followed by Cuba at $0.34, Sudan at $0.58, and Iran at $1.08 per gallon, according to the “24/7 Wall Street” newspaper.

In terms of the Gulf countries, Qatar was ranked 12th in the world and the second in the Gulf at $ 1.82 per gallon, followed by Bahrain which is ranked 16th in the world at $ 2.01, then Oman and Saudi Arabia ranked 19th and 20th respectively and the fourth and fifth in the Gulf States at $ 2.11 and $ 2.2 per gallon respectively while the UAE ranked 22nd in the world and sixth Gulf at 2.2 dollars per gallon.

 

SOURCE : ARABTIMES

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