The rising petrol prices burning holes in common man's pocket in India. There is a country where the petrol prices are cheaper than water. Here, people will pay less for gasoline comparing with other countries. Now, you may wonder which country is it! Caracas in Venezuela.
In Caracas one liter of petrol costs less than Rs.3. People pay only 2.49 for every liter. 90 % of this country's economy depends on gasoline. Gasoline available to the Caracas people like the water available to the Indian people. However, they have to pay more money for water comparing gasoline. In 1980, Caracas government had made efforts to increase gasoline prices but mass protests sprang up across the country, and several people died.
Riyadh is second in the world where oil prices are cheaper. People have to pay Rs.6.70 per liter. Even Riyadh people pay more money for water comparing gasoline.
