Report: Which country can afford the most fuel?
New research reveals which countries are rich and poor when it comes to the bowserAustralians can afford the most petrol, while Pakistan can afford the least and Malaysia has the cheapest.
That’s the verdict according to a new report from Picodi Analysis team.
The research company calculated how many litres of petrol the general consumer could buy based on the country’s average national wage.
Using average fuel prices from the first half of 2019, Picodi says they cross-referenced them with the latest average wages in Australia and other Asia Pacific countries.
Coming out with the best ratio of petrol price to average salary was Australia. Picodi says the average Australian wage could buy about 3783 litres of petrol.
Second was Japan with an average of 2006 litres, closely followed by South Korea’s 1908 litres.
Our farming friends over in New Zealand can afford about 1852 litres and the Chinese can buy roughly 679 litres.
Those ranking lowest include Pakistan, Cambodia and the Philippines, all sitting below 200 litres per salary each.
It says that possessing a rich supply of natural resources does not always mean that petrol will be more accessible for an average consumer.
Further studies by the research group found the cheapest petrol in Malaysia (49 cents per litre) and the most expensive in Hong Kong ($2.15).
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