How much is the world paying for petrol?

Energy consumption in India is amongst the highest in the world. Being the number two in terms of economic growth and population, India's energy needs will only grow. But with rising oil prices, India's oil imports could become a sticky situation for the government.

Despite government subsidies, high fuel prices have spiked the consumer inflation in India over the past few months. As of now, Indians pay Rs 63 per litre of petrol. The chart below shows that when compared to prices across the globe, the cost of petrol appears very skewed. While in Turkey a litre of petrol costs Rs 114.5, in Saudi Arabia the same costs Rs 5.35. In fact, in Venezuela, all you have to pay is 71 paise for a litre of petrol. India stands pretty much in the middle. However, China and the US comparatively pay much lesser for their fuel.

Data Source: Rediff