Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Economy

India has the highest petrol-price-to-income ratio in the world

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.

image

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)

Like our content? Join Capitalmind Premium.

  • Equity, fixed income, macro and personal finance research
  • Model equity and fixed-income portfolios
  • Exclusive apps, tutorials, and member community
Subscribe Now Or start with a free-trial