Petrol at €0.02 per litre... only in Venezuela!

€0.50 to fill your car up. No, you're not dreaming, you're in Venezuela Zulia State, location of the world's cheapest petrol.

One can only hope when Ireland starts to produce its own oil in the very near future prices will also become more reasonable. For a start the current National Oil Reserves Agency (NORA) tax of 2 cent a litre (Ex VAT) can be removed as Ireland will no longer be required to store oil if it becomes a net exporter.