forex reserves: Foreign debt at risk despite high reserves ...

Five countries with the cheapest gasoline

Five countries with the cheapest gasoline
The cost of oil is an important component of gas prices. Also, an essential factor influencing the retail price of petrol is the commission, subsidies, the cost of processing and transportation, and other charges.
Today we will talk about countries with the cheapest gasoline, according to statisticstimes.com. The ranking includes 164 countries of the world. In 61 states, 1 liter of gasoline costs less than $ 1.
5th place: Algeria
https://preview.redd.it/nr2aadu9zjj31.png?width=1200&format=png&auto=webp&s=172449f881b54b07ae6b9ee0d27720b063d0bd12
Price of 1 liter of gasoline: $ 0.35
Algeria's economy is based on gas and oil. Segments provide 30% of GDP, 60% of the state budget revenue, and 95% of export revenue.
The Algerian authorities are making efforts to diversify the economy and attract foreign and domestic investment in other sectors.
4th place: Iran
https://preview.redd.it/cfpirv1bzjj31.jpg?width=650&format=pjpg&auto=webp&s=b12724e685263361f786e82c664553cf472d3dd4
Price of 1 liter of gasoline: $ 0.29
For many centuries this country has played a crucial role in the East. Iran is one of the most technologically advanced states in the region.
Iran is located in a strategically important region of Eurasia and has large reserves of oil and natural gas.
3rd place: Sudan
https://preview.redd.it/2g2t94kczjj31.jpg?width=1200&format=pjpg&auto=webp&s=6bce381092307f789a300bd36a58d732a5df9345
Price of 1 liter of gasoline: $ 0.14
Since 2011, after South Sudan gained independence, oil production in the country has decreased (most of the fields were located in the south of the state).
Sudan is covering the external debt of South Sudan through exports of South Sudanese oil through its territory.
2nd place: Cuba
https://preview.redd.it/gd7v0a4dzjj31.png?width=1200&format=png&auto=webp&s=842d00a345f432c69a8e3247bfe13a40720d12eb
Price of 1 liter of gasoline: $ 0.09
Venezuela plays an important role in Cuba's foreign trade, which, in exchange for the services of Cuban doctors, teachers, and trainers, supplies Havana with cheap oil.
1st place: Venezuela
https://preview.redd.it/obr6jmmdzjj31.png?width=1200&format=png&auto=webp&s=d6755a7229bb69aa9d8df30411e11999f5eeb76e
Price of 1 liter of gasoline: $ 0.01
According to the statement of the International Monetary Fund, the inflation rate in Venezuela will reach 1,000,000% at the end of 2018.
The leading causes of the economic crisis are structural and political factors. It triggered a significant dependence on imports, a decrease in world oil prices, and state control over the production and distribution of food.
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Lebanon PM: Government won't repay $1bn in foreign currency debt

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