Rising fuel prices make us all want more efficient cars. Filling up at your local fuel station would be so much easier if you can leave with your savings still intact. Picodi asked the question: “How many liters of petrol can you buy with an average salary in the Asia-Pacific region and around the world?”
Picodi is a site the specializes in finding the best bargains by compiling them all into one place. The team used the average wage of a Filipino as a basis. Fuel prices from January all the way to the month of June 2019 were used to calculate the average price per liter of fuel.
As per the latest statistics available, the average wage in the Philippines in the study is P8,419 or $162. The average price of a liter of fuel in this country is P53.31 or $1.02. Dividing the average salary by the price per liter gives us a total of 158 liters of gas.
This figure puts us squarely in the middle of other Asian Countries. The country with the most affordable fuel is Malaysia because on average, one liter of gasoline will cost around P25 or $0.49 per liter. The most expensive fuel can be found in Hong Kong, where the price skyrockets to about P110 or $2.15.
What matters in this instance is the ratio. The best ratio of fuel to the average salary can be seen in Australia and Japan. In these countries where little oil is produced, average wages were enough to buy up to 3,783 and 2,006 liters, respectively. Among the 17 researched countries, South Korea ranked third with 1,908 liters.
The Philippines has some of the lowest ratios when it comes to this metric. You can only get 158 liters of fuel with an average salary, and it’s similar to the metrics presented for Pakistan and Cambodia, where an average salary only gets you less than 200 liters.
The Picodi team used average net wages according to the latest available data provided by the National Statistics Office. The average prices of fuel for the first half of 2019 were based on data from globalpetrolprices.com. The exchange rate was based on the average rate in the last 90 days prior to publishing.
A new Mazda CX-5 is planned for 2025 with a hybrid powertrain / News
Mazda is working on launching a new CX-5 in 2025. The most popular crossover in the lineup is also going hybrid.
Toyota Gazoo Racing looks to unveil a concept car at Le Mans / News
A new Toyota Gazoo Racing motorsport car is set to be unveiled during the 24 Hours of Le Mans on June 10, 2023.
Report: Hyundai wants to greenlight production of the N Vision 74 / News
Hyundai is serious about putting the N Vision 74 into production according to Chief creative officer Luc Donckerwolke.
Cheapest cars under P700,000 in the Philippines
Oct 20, 2022
First car or next car, the Ford EcoSport is a tough package to beat
Jun 18, 2021
Car Maintenance checklist and guide – here’s everything you need to know
Earl Lee · Jan 12, 2021
Most fuel efficient family cars in the Philippines
Bryan Aaron Rivera · Nov 27, 2020
2021 Geely Okavango — Everything you need to know
Joey Deriquito · Nov 19, 2020
Family cars in the Philippines with the biggest trunks
Jul 20, 2022
Head to head: Toyota Rush vs. Suzuki XL7
Joey Deriquito · Oct 28, 2020
Why oil changes are important for your car
Earl Lee · Nov 10, 2020
2021 Kia Stonic — What you need to know about it
Joey Deriquito · Oct 16, 2020
Top 7 tips for buying a used car in the Philippines
Joey Deriquito · Nov 26, 2020