- Wealth PMS
Bloomberg has an interesting visualization of what oil costs in various countries, and India’s been among the top in terms of number of days wages it will take to buy a gallon of petrol.
Yes, diesel’s cheaper, and we’ve actually gone to LNG/LPG for vehicles; but those mechanisms need to get way more popular.
And if you thought the oil producing countries would have it cheap, think again. On top spot in terms of $ per gallon is Norway, which is – tra la – and oil producing country. (They have a LOT of taxes)