There were different gas prices conditions experienced by other countries in the world. Based on the search of business insider that quoted by DNEWSGLOBAL.com on Wednesday, April 27, 2011, there are known some countries who is using cheap gas prices, among them are the countries who are the member of the world organization of oil producing countries (OPEC).
If they did not become the members, these countries are fortunate to have a location close to the gas producing countries. The majority of this country, are the Asian countries that peg cheaper gas prices.There were cheaper gas prices in these countries because of easy access to bring gas. In addition, there are still many countries that allocate subsidies large enough to push gas prices remain low.
This data comes from studies carried out by research institute, Gesellschaft für Deutsche Internationale Zusammenarbeit (GTZ), starting from November 2010.
Cheapest Gas Prices Countries
Here are the Asian countries with the cheapest gas prices in the world.
10. United Arab Emirates
Gas Prices: U.S. $ 1.78 per gallon
Members of OPEC.
Condition: the UAE which includes Dubai and Abu Dhabi, is still in stable condition, although many of its neighbors, particularly from the Middle East that experienced instability in the country.
9. Brunei Darussalam
Gas Prices: U.S. $ 1.47 per gallon .
Not a member of OPEC.
Recent Condition: Brunei has been known for one of its largest oil company, Brunei Shell Petroleum Co. This company has just raised the highest crude oil prices over 31 months.
8. Yemen
Gas Prices: U.S. $ 1.32 per gallon.
Not a member of OPEC.
Recent Condition: Yemen is currently in the unstable political conditions. Currently, the President of Yemen is estimated to gain political immunity.
7. Oman
Gas Prices: U.S. $ 1.17 per gallon.
Not a member of OPEC.
Recent Condition: Oman are now beginning to hit the limited demonstrations since the instability in the Middle East.
6. Kuwait
Gas Prices: U.S. $ 0.87 per gallon.
Not a member of OPEC.
Current condition: Kuwait showed the protests become more limited and weaker. Kuwait is also accused of supporting the insurgency action in Libya.
5. Turkmenistan
Gas Prices: U.S. $ 0.83 per gallon.
Not a member of OPEC.
Recent Condition: Turkmenistan is to establish a cooperative agreement with Iran to build a pipeline project.
4. Bahrain
Gas prices: U.S. $ 0.79 per gallon.
Not a member of OPEC.
Recent Condition: Bahrain has experienced protests with violence and have been muted by the action of reducing their army. Bahrain country’s leaders even had expelled several Iranian diplomats.
3. Qatar
Gas prices: U.S. $ 0.72 per gallon.
Members of OPEC.
Current state: So far, Qatar sells natural gas to the UK in significant quantities. In addition, Asian countries are supporting the Spanish economy by investing in banking and other companies.
2. Saudi Arabia
Gas prices: U.S. $ 0.61 per gallon.
Members of OPEC.
Current condition: Officials in Saudi Arabia worried about the rising of crude oil pricesand consequently on the global economy.
1. Iran
Gas prices: U.S. $ 0.37 per gallon.
Members of OPEC.
Current condition: the current Iranian government budget set the price of crude oilat the level of U.S. $ 80 per barrel or lower than the global oil market conditions, same thing for their gas prices.
If there were countries giving cheap price for gas, there would be a great chance for many to improve their lives, as gas, affects all aspects of life.
