country · South America

Gas Prices in Venezuela

As of early October 2026, a gallon of regular gasoline in Venezuela averages $0.13 — that is $0.03 per litre, and ranks #3 of 225 places we track, where #1 is the cheapest.

Regular, per gallon

$0.13

$0.03 per litre

Diesel, per gallon

$0.02

$0.01 per litre

World rank

of 225, cheapest first

A gallon costs

<1%

of an average day’s income

In local money that is roughly 30.11 VES per litre, at the exchange rate of mid Oct 2026.

Why Venezuela pays this much

State-subsidized

Venezuela 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 $0.13 gallon in Venezuela. Crude oil trades as one global price, so the part that differs between countries is mostly tax.

Component	Per gallon	Per litre
Crude	$0.08	$0.02
Refining	$0.02	$0.01
Distribution	$0.03	$0.01
Subsidy (below cost)	−$3.37	−$0.89
Pump price	$0.13	$0.03

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
Venezuela	$0.13	—
World average of all 225	$5.55	−$5.42
South America average	$4.64	−$4.51
Cheapest anywhere — Libya	$0.09	−$0.04
Priciest anywhere — Hong Kong	$16.70	+$16.57

Since 2026-09-16, the average in Venezuela has fallen by $0.02 a gallon.

Nearby in South America

Bolivia$2.20 Ecuador$3.21 Guyana$4.68 Brazil$4.78

Open Venezuela on the interactive globe

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