Here are the 10 countries with the lowest fuel prices as of May 2023, according to the World Bank:

  1. Venezuela: $0.02 per liter
  2. Iran: $0.03 per liter
  3. Libya: $0.04 per liter
  4. Syria: $0.05 per liter
  5. Algeria: $0.06 per liter
  6. Kuwait: $0.07 per liter
  7. Turkmenistan: $0.08 per liter
  8. Egypt: $0.09 per liter
  9. Bahrain: $0.10 per liter
  10. Kazakhstan: $0.11 per liter

These countries have low fuel prices for a variety of reasons, including:

  • They are major oil producers and exporters.
  • They have government subsidies for fuel.
  • They have weak currencies.

The low fuel prices in these countries can have a significant impact on the economy. For example, it can make it cheaper to transport goods and services, which can lead to lower prices for consumers. It can also make it more affordable for people to travel, which can boost tourism.

However, there are also some potential downsides to low fuel prices. For example, it can encourage people to drive more, which can lead to increased pollution and traffic congestion. It can also make it more difficult for renewable energy sources to compete with fossil fuels.

Overall, the low fuel prices in these countries have both positive and negative impacts. It is important to weigh these factors carefully when considering the overall impact of low fuel prices.

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