Data published on public television showed that Algeria ranks first in the world in terms of low fuel prices, as a result of the subsidies allocated by the state annually for this.
In an article published on the public television website, in which he compared the selling prices of fuel in Algeria with their counterparts in many countries such as Saudi Arabia, the United States of America, Kuwait and Iraq, it became clear that Algeria occupies advanced ranks, as a liter of gasoline is sold for 47 DZD, which is about 0.36 dollars, and diesel fuel is sold for 31 DZD per liter, which is equivalent to 0.25 dollars, and 12 DZD per liter, which is equivalent to 0.09 dollars for petroleum gas. Fluidizer.
Data indicate that the price of gasoline in Algeria is about half the price applied in some oil-producing countries, such as Saudi Arabia, which produces 10 million barrels per day, and where one liter is sold for $0.621, equivalent to 79.80 DZD, and Russia, which produces 9 million barrels per day, where one liter is sold for $0.834.
Data regarding the United States of America also showed that it produces 14 million barrels of oil daily, and the price of gasoline in its local market is $0.835 per liter, equivalent to 107.30 dinars, and in Iraq, which produces 3.86 million barrels per day, it is sold for $0.649, equivalent to 83.40 DZD per liter.
There is a clear discrepancy regarding the rest of the prices for other products, such as the prices of diesel fuel and liquefied petroleum gas.
A few days ago, the Ministry of Hydrocarbons and Mines issued a statement clarifying that this update on fuel prices falls within the application of applicable legislative and regulatory texts, and for the purpose of ensuring continuous supply to the national market and covering the increasing production and distribution costs.
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