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Large difference in prices of gasoline among countries

The Weekly Challenges quoted report of GIZ economic researcher showed that gasoline prices are very too large difference among countries. In Turkey, people have to pay about 1.91 euros (VND52,800) for a liter of gasoline.

But, in Venezuela, customers pay with a cheapest cost just 0.17 euros (VND4,700) for a liter of gas.

According to GIZ, in the 20 countries, the largest exporters in the world such as Venezuela, Iran, Saudi Arabia ... prices of petroleum products are subsidized by governments, so prices are not more EUR 0.38 a liter.

While price of petrol from Brazil, Russia, China and US are little higher at EUR0.64-1.04 a liter. Remain countries include Turkey, Switzerland, EU …price are over EUR 1 a liter due to governvents imposed high and more taxes.
 

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