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Gas Prices in Iraq

As of early October 2026, a gallon of regular gasoline in Iraq averages $2.46 — that is $0.65 per litre, and ranks #13 of 225 places we track, where #1 is the cheapest.

Regular, per gallon

$2.46

$0.65 per litre

World rank

#13

of 225, cheapest first

A gallon costs

15%

of an average day’s income

In local money that is roughly 976.11 IQD per litre, at the exchange rate of mid Oct 2026.

Why Iraq pays this much

State-subsidized

Iraq is a major oil producer and holds pump prices far below the world market through subsidies.

Where the money goes

An estimated split of a $2.46 gallon in Iraq. Crude oil trades as one global price, so the part that differs between countries is mostly tax.

Component	Per gallon	Per litre
Crude	$1.48	$0.39
Refining	$0.39	$0.10
Distribution	$0.60	$0.16
Subsidy (below cost)	−$1.04	−$0.27
Pump price	$2.46	$0.65

Drivers here pay less than it costs to get the fuel to them. The government absorbs the difference, so the bar above runs past the pump price.

How that compares

Comparison	Per gallon	Difference
Iraq	$2.46	—
World average of all 225	$5.55	−$3.09
Asia average	$5.13	−$2.67
Cheapest anywhere — Libya	$0.09	−$2.37
Priciest anywhere — Hong Kong	$16.70	+$14.24

Nearby in Asia

Turkmenistan$1.62 Qatar$2.18 Saudi Arabia$2.35 Oman$2.35 Bahrain$2.48 Azerbaijan$2.56 Kazakhstan$2.71 Taiwan$3.90

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