country · Africa
As of early October 2026, a gallon of regular gasoline in Libya averages $0.09 — that is $0.02 per litre, and ranks #1 of 225 places we track, where #1 is the cheapest.
In local money that is roughly 0.15 LYD per litre, at the exchange rate of mid Oct 2026.
State-subsidized
Libya is a major oil producer and holds pump prices far below the world market through subsidies.
An estimated split of a $0.09 gallon in Libya. Crude oil trades as one global price, so the part that differs between countries is mostly tax.
| Component | Per gallon | Per litre |
|---|---|---|
| Crude | $0.05 | $0.01 |
| Refining | $0.01 | $0.00 |
| Distribution | $0.02 | $0.01 |
| Subsidy (below cost) | −$3.41 | −$0.90 |
| Pump price | $0.09 | $0.02 |
| Comparison | Per gallon | Difference |
|---|---|---|
| Libya | $0.09 | — |
| World average of all 225 | $5.55 | −$5.46 |
| Africa average | $5.06 | −$4.97 |
| Cheapest anywhere — Libya | $0.09 | −$0.00 |
| Priciest anywhere — Hong Kong | $16.70 | +$16.61 |