Support The Moscow Times!

Russian Gas Prices Named Among World’s Cheapest — Bloomberg

Pixabay

Gasoline prices in Russia have been named the world’s 10th-cheapest in Bloomberg’s ranking of 61 countries released last week.

Russian drivers saw an average 8.2 percent rise in fuel prices this spring, leading at least one regional official to ditch his car in favor of riding a horse to work. Kremlin officials said last month that they had introduced steps to halt the price hike, which the economy ministry later said had helped slow the rise in gas prices to 2.1 percent in June.

Russian gas prices were the 10th cheapest this year at an average 43.44 rubles per liter ($0.70), according to Bloomberg.

Venezuela topped the list with $0.01 gasoline, followed by less than $0.50 charged in Iran, Kuwait, Nigeria and Egypt this year.

The most expensive pumps were found to be in Hong Kong, where one liter cost up to $2.10 in 2018.

Meanwhile, Russia ranked 34th in affordability, calculated in terms of how much of a day’s wage goes to paying for one liter of gas. It placed 52nd in the percentage of annual income spent on filling up, according to Bloomberg.

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more