8 Countries Where Petrol Is Costlier Than India


BANGALORE: Every now and then, we hear about the rising prices of petrol in India. But do you know there are over 42 countries where petrol price is higher than India, according to a Bloomberg report. A general perception has been made that India is on the top when it comes to Petrol prices, but a general review over the petrol prices around the globe can be a revelation for such perceptions.

Bloomberg stated price of 1 gallon (3.79 litres) of petrol in dollars. Calculating the price of petrol in rupees, a gallon of petrol in Mumbai will cost around 303. Let’s get acquainted with 8 countries where petrol prices are higher than India.

1. Norway: Inspite of drilling 5085 oil wells from 1966 to 2013, Norway ranks 1st in the list of petrol prices. Norway has the second highest GDP per-capita in the world and is the second wealthiest country in the world in terms of monetary value.

On an average, to buy a gallon of petrol, a person has to spend 3.59 percent of his income. In this way, the total percentage of income spent on gasoline is 0.86 percent. A gallon for regular petrol will cost around 588.28 here. The reason prices are so high in the country is because the motor fuel is taxed with both a road use tax and a CO2 tax. Now that is far more than prices in India.

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