Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Laura Hutton/Photocall Ireland
Petrol Prices

Irish petrol prices some of the world's highest

But petrol is more affordable for the Irish than most nationalities, as survey depicts Ireland as a country of tweed caps and sheepdogs.

IRISH PETROL PRICES are amongst the world’s highest, according to a new survey across 60 countries by Bloomberg.

Ireland ranked 18th in the survey, with the average price per gallon of premium petrol priced at $7.34 (€5.87), a 12 per cent drop on the last quarter. However, Ireland ranked as 44th in terms of its “pain at the pump ranking”. This was because the share of a days wages needed to buy a gallon of petrol was 5.9 per cent.

With a daily income of $3.97, India is ranked highest in terms of “pain at the pump”. The average Indian needs to work 1.4 days to afford a gallon of fuel, which is priced at $5.44.

Norwegians pay the most of any nationality for their petrol, with income from the country’s oil industry is used for services such as free university education rather than for subsidising fuel.  With high incomes, the share of a day’s wages needed to buy a gallon of petrol is 3.7 per cent.

No plans for fuel tax cuts to help struggling motorists>

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Your Voice
Readers Comments
91
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.