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N2,383 per litre: 10 Countries with highest fuel prices in the world

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  1. Hong Kong: Hong Kong is known for having some of the highest fuel prices due to its limited land area and high population density, resulting in higher transportation costs.

  2. Norway: Norway’s fuel prices are among the highest due to heavy taxation, and the country is known for its efforts to promote electric vehicles.

  3. Iceland: The remote location and reliance on imported fuel contribute to Iceland’s high fuel prices.

  4. Netherlands: The Netherlands imposes significant taxes on fuel, contributing to its high fuel costs.

  5. Denmark: Denmark’s fuel prices are also impacted by high taxes and efforts to promote sustainable transportation.

  6. Sweden: Sweden has some of the highest fuel prices in Europe due to high taxes and environmental policies.

  7. Greece: Greece is another European country with relatively high fuel prices, mainly due to taxation.

  8. Italy: Italy’s fuel prices are influenced by both taxes and higher oil prices.

  9. Finland: Like other Nordic countries, Finland imposes heavy taxes on fuel, leading to higher prices.

  10. Belgium: Belgium is known for its high fuel prices, primarily due to taxation.

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