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Petrol Price Shockers

Now is not a good time to be a motorist. Petrol prices are rocketing all over the world with knock-on effects on the price of all goods, from essential fruit and veg to luxury items like jewellery. Consumers’ budgets are also completely out of whack, as people find themselves having to increase their spending on certain key items. It also means that we’re all scrambling for ways to save – anything anywhere we can. And, it seems like public transport is about to become even more congested than it already is.

But, provided you don’t live in Norway, there is always someone worse off than you. Here are the most expensive (and cheapest) cities in the world in terms petrol.

Petrol Pain

  1. Norway: as of 31 August, 2012, Norwegians have had to fork out a monstrous $10.12 per gallon of petrol. Thankfully, public transport, especially buses, is quite good in the major cities. Wikipedia reports that only a small percentage of Norwegians use of public transport, but that could change if the petrol price continues to rise.
  2. Turkey: as of 31 August, 2012, Turks have the dubious honor of paying $9.41 per gallon. Some of the bigger cities in Turkey have fairly reliable public transport, especially buses, so commuters need not despair. Istanbul is one of the cities to benefit from the Bus Rapid Transit system, which is designed specifically to encourage people to use buses that are comfortable, affordable and reliable. Travel between cities is also fairly easy and affordable by train and bus.
  3. India: things are bad in Norway and Turkey, but at least petrol doesn’t cost more than a day’s wages. According to the Irish Independent, one gallon of petrol in India costs $5.44, which is 37% more than what many people earn in a day. India’s public transport system is also not as good as it could be. All of which means that the people of India are probably worse off than any other country in the world.

Petrol Gain

  1. Venezuela: reports vary but Venezuelans pay between $0.05 and $0.13 per liter of petrol. The major cities have buses and taxis and metro systems, but given that only 2.73% of the average worker’s income is spent on petrol, it seems that keeping a copy of the bus schedules is not necessarily a priority.
  2. Unsurprisingly, the most well-known oil-rich nations have the lowest petrol prices. Saudi Arabians pay between $0.13 and $0.16 per liter.
  3. Qatar motorists pay between $0.19 and R0.24 per liter, which effectively amounts to 0.4% of average monthly income.

By all accounts, the petrol price is likely to be unstable – read rise a lot, drop a little – for the rest of the year. This is not heartening for motorists, especially those who live in countries where public transport is a pipedream.

This guest post was written by Sandy Cosser on behalf of Skilled Migrant Jobs, which helps immigrants find a range of jobs in Australia across a broad spectrum of industries, including automotive, IT and health.

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