It is clear that car owners in Britain have some of the most expensive costs when it comes to filling up their motor. But what about the flipside – which countries have the cheapest unleaded?
In the second exclusive annual cheapest petrol worldwide report by This is Money, alongside new and used car website Evans Halshaw, we reveal just how cheap it is to fill up a car in other areas around the world.
We also compare petrol prices to wages in each country mentioned – and reveal that one country spends just 0.4 percent of disposable income on petrol, while another sees motorists spend almost 20 percent of their income on filling up their car, despite the cheap fuel costs.
Venezuela has taken the crown for the cheapest petrol in the world for the second year running in our annual report.
Those that live in the country see cheap petrol as a birthright. An increase in prices at the pump in the late 1980s resulted in riots in Caracas and ultimately current president Hugo Chavez’s political rise.
It is so cheap in the country that petrol smuggling is thought to be a bigger business than drug smuggling – with neighbours such as Colombia paying more than 40 times the price for petrol, you can see why.
According to the statistics however, the average citizen’s income after tax is £354.48. This means that on average, 2.73 percent of wages are spent on filling up the motor.
This is cheap compared to some of the countries we revealed have the highest petrol costs in the world.
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