Iran-US deal signed: Top 20 countries with cheapest gasoline prices — India sees 7% hike in 3 months, show data
FILE PHOTO: A car is filled with gasoline at a Sunoco gas station ahead of the Memorial Day weekend in Philadelphia, Pennsylvania, U.S. May, 21 2026. REUTERS/Seth Herald/File Photo(REUTERS)The US-Iran initial agreement primarily affected global crude oil prices, which fell sharply after markets anticipated the reopening of the Strait of Hormuz, the easing of sanctions on Tehran, and the return of Iranian oil exports.While Oil prices fell more than 3 percent on Thursday to their lowest since the first trading day of the Iran war (Crude oil dropped below $75 per barrel), US gas prices fell below $4 a gallon on average. It is the first time since March that the average cost for a regular gallon has been that low, the Associated Press reported.Gas prices are at $3.999 on average in the US, according to motor club AAA. The drop below $4 follows a 15 percent decline in the price of US crude this month. However, fluctuations in gas prices remain across the country. In California, gas prices are averaging $5.64 per gallon, while in South Carolina it’s $3.58 per gallon.Where else have gas prices fallen in recent days? Here's a list of countries with the cheapest and most expensive gasoline rates.Gasoline prices in most countries do not change immediately on the day of a geopolitical development. Retail fuel prices are often revised weekly or monthly.However, the most recent comprehensive country-wise petrol price database available around June 17-18 is from GlobalPetrolPrices.com, which publishes weekly gasoline prices.The latest Global Petrol Prices weekly gasoline update for the week ending June 15, 2026, recorded the global average price of gasoline at $1.51 (USD) per litre.Change in fuel prices in IndiaDuring this period, the average price for gasoline in India stood at
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