Thursday, August 23rd 2012 - 00:50 UTC

Where’s the cheapest to ‘fill her up’? Venezuela: 12.8 US cents a liter of petrol

Venezuela, the latest entry as full member of Mercosur has the cheapest petrol price in the world, 8 pennies per liter, (1 £ trading at 1.59 dollars on 22 August) according to the latest report from UK website, “This is money”, based on a research from Evans Halshaw.

In Britain on the other hand the liter price in August is 135.52 pennies (approx 2.16 US dollar)

The report also compares petrol prices to wages in each country mentioned – and reveal that one country spends just 0.4% of disposable income on petrol; while another sees motorists spend almost 20% of their income on filling up their car, despite the cheap fuel costs.   

The list of the top ten in descending in pound sterling order follows: 

10. Iran; Price per liter: 21p Monthly cost: £25.36; Income (after tax): £388.68 Percentage of monthly income spent on petrol: 6.53% 

9. Algeria; Price per liter: 17p Monthly cost: £20.53; Income (after tax): £173.26 Percentage of monthly income spent on petrol: 11.85%

8. Kuwait; Price per liter: 17p Monthly cost: £20.53; Income (after tax): £1,703.98 Percentage of monthly income spent on petrol: 1.2%

7. Turkmenistan; Price per liter: 17p Monthly cost: £20.53; Income (after tax): £115.42 Percentage of monthly income spent on petrol: 17.79%

6. Libya; Price per liter: 15p Monthly cost: £18.12; Income (after tax): £544.94 Percentage of monthly income spent on petrol: 3.32%

5. Bahrain; Price per liter: 15p Monthly cost: £18.12; Income (after tax): £998.19 Percentage of monthly income spent on petrol: 1.81%

4. Qatar; Price per liter: 12p Monthly cost: £14.49; Income (after tax): £3,664.92 Percentage of monthly income spent on petrol: 0.40%

3. Saudi Arabia; Price per liter: 10p Monthly cost: £12.08; Income (after tax): £1,234.78 Percentage of monthly income spent on petrol: 0.98%

2. Egypt; Price per liter: 9p Monthly cost: £10.87; Income (after tax): £247.35 Percentage of monthly income spent on petrol: 4.39%

1. Venezuela; Price per liter: 8p Monthly cost: £9.66; Income (after tax): £354.48 Percentage of monthly income spent on petrol: 2.73%.

In contrast, again according to “This is money” the average liter of unleaded in Britain in August 2002 was 74.8p but this has rocketed to 135.52p this month. At the same time, Brent Crude oil prices have risen from an average of 28 dollars to more than 113 dollars currently.

Back in April, “This is money” revealed Britain was the seventh most expensive country in the world for petrol. It was beaten into first place comprehensively by Norway, where the average liter of petrol was 164p, while Turkey, Netherlands, Italy, Greece and Denmark also had higher prices than Britain.

And it’s not just petrol costs that remain high. Those with diesel motors are also seeing rises at the pump. “This is Money” research last month showed how Britain has the second most expensive diesel in the world. 

(The research for This is Money was done by Evans Halshaw,  www.evanshalshaw.com/)
 

 

 

 

Published in: Economy, Energy & Oil, Politics, International, Latin America, Mercosur.
Tags: diesel price, Mercosur, oil price, petrol price, United Kingdom, Venezuela.

10 comments Feed

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1 British_Kirchnerist (#) Aug 23rd, 2012 - 12:35 pm Report abuse
Another good news story about Chavez =) Whats wrong with using your resources to benefit your own people?
2 Guzz (#) Aug 23rd, 2012 - 12:54 pm Report abuse
For conqueror, out on the fields...
3 Conqueror (#) Aug 23rd, 2012 - 01:27 pm Report abuse
Strangely, for the sake of the ignorant numpties, I don't have a problem with a country (Venezuela may qualify) using its own resources for the benefit of its own people. I just object to cheating, lying, thieving, treacherous people trying to grab what isn't theirs!
4 Guzz (#) Aug 23rd, 2012 - 02:22 pm Report abuse
conqueror
You have a problem with everybody and everything. Especially with yourself :)
I understand you though, it must be heart-breaking to wake up to that same face every day...
Don't loose faith, one day, if you are lucky (and us), you wont...
5 Simon68 (#) Aug 23rd, 2012 - 05:18 pm Report abuse
4 Guzz (#)
Aug 23rd, 2012 - 02:22 pm

Do you wake up to different faces every day???

Sos tarado Guzz!!!!!
6 Guzz (#) Aug 23rd, 2012 - 05:27 pm Report abuse
No Simon
At times I wake up only to see your good womans face...

Y vos sos bruto vivo, Simon :)
7 Conqueror (#) Aug 23rd, 2012 - 06:03 pm Report abuse
@4 So you believe that everybody can be classified as cheating, lying, thieving, treacherous people trying to grab what isn't theirs? I don't. Most argies of course. A select number of Uruguayan things. Some Brazilians. And a certain divot who'd like us to believe he's British. But it's nice to see you getting down to your usual low level. I assume you need binoculars to look up and see what a snake's belly looks like? Or perhaps you just look at your own.
8 Guzz (#) Aug 23rd, 2012 - 06:41 pm Report abuse
You asked for a snake, conqueror.
I never threatened your person, old scum
9 Conqueror (#) Aug 25th, 2012 - 04:19 pm Report abuse
@8 And I didn't threaten yours, elderly piece of sh*te.
10 Guzz (#) Aug 25th, 2012 - 09:13 pm Report abuse
You don't even remember all crap you let out? Being old is not an excuse for idiocy, you know...

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