Qatar residents spend least of their disposable income on petrol

0
633
Spread the love
oil dollar
Photo – James Davies

Qatar tops the list of average disposable income vs petrol expenditure with residents spending just 0.4% of their disposable income on petrol, followed by Saudi Arabia at 0.98%, Kuwait at 1.2% and Bahrain at 1.81%, according to research by a British money website.

Although the cost of petrol is Venezuela is the lowest in the world, study conducted by This Is Money.co.uk suggests Middle Eastern nations are the real winners – spending a far lower percentage of their average monthly disposable income on fuel.

In the second exclusive annual cheapest petrol worldwide report by This is Money, alongside new and used car website Evans Halshaw, the British website revealed just how cheap it is to fill up a car in other areas around the world.

It also compared petrol prices to wages in each country mentioned – and revealed 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 Top Ten Cheapest Places To Buy Petrol:

1. Venezuela

Price per litre: $0.13

Monthly Cost: $15.23

Income after tax: $558.94

Percentage of monthly income spent on petrol: 2.73%

2. Egypt

Price per litre: $0.13

Monthly Cost: $17.14

Income after tax: $390.02

Percentage of monthly income spent on petrol: 4.39%

3. Saudi Arabia

Price per litre: $0.16

Monthly Cost: $19.05

Income after tax: $1,946.99

Percentage of monthly income spent on petrol: 0.98%

4. Qatar

Price per litre: $0.19

Monthly Cost: $22.85

Income after tax: $5,778.81

Percentage of monthly income spent on petrol: 0.40%

5. Bahrain

Price per litre: $0.24

Monthly Cost: $28.57

Income after tax: $1,573.94

Percentage of monthly income spent on petrol: 1.81%

6. Libya

Price per litre: $0.24

Monthly Cost: $28.57

Income after tax: $859.26

Percentage of monthly income spent on petrol: 3.32%

7. Turkmenistan

Price per litre: $0.27

Monthly Cost: $32.37

Income after tax: $181.99

Percentage of monthly income spent on petrol: 17.79%

8. Kuwait

Price per litre: $0.27

Monthly Cost: $32.37

Income after tax: $2,686.82

Percentage of monthly income spent on petrol: 1.2%

9. Algeria

Price per litre: $0.27

Monthly Cost: $32.37

Income after tax: $273.19

Percentage of monthly income spent on petrol: 11.85%

10. Iran

Price per litre: $0.33

Monthly Cost: $39.99

Income after tax: $612.87

Percentage of monthly income spent on petrol: 6.53%

Facebook Comments