World's cheapest gas: Top 10 countries

While Americans and Europeans bemoan the cost of gasoline at the pumps, people in some other parts of the world enjoy filling up their tanks cheaply thanks to subsidies provided by wealthy, oil-rich governments. But fuel subsidies tend to benefit the rich (who own motor vehicles) more than the poor. The IMF estimated that 65 percent of the fuel subsidies in Africa benefit the richest 40 percent of households (2010). Only 8 percent of the $410 billion in government fuel subsidies worldwide went to the poorest 20 percent of the population (International Energy Agency - estimates, 2010).

The British insurance firm Staveley Head has released the latest list of the world’s gas pump prices. Here are the 10 cheapest countries on Earth to fill a gas tank.

- Michail Vafeiadis and Girish Gupta, Contributors

6. Bahrain- $0.78 per gallon ($0.21 per liter)

Bahrain has relatively little oil compared to its neighbors and is working hard to diversify its economy – unlike many others on the list. Bahrain has emerged as a banking hub for the Persian Gulf and has expanded into retail sales and tourism. It signed a free trade agreement with the United States in 2005, and was cited by the UN as the Arab world’s fastest-growing economy. Given the unrest among the Bahraini Shiite population, the demands for political reforms, if not the end of King Hamad’s rule, it's unlikely that gas subsidies will end anytime soon.