UK ranked seventh most expensive place to buy petrol
The analysis has been carried out by Santander for its 1|2|3 Credit Card and also finds that Norway is the most expensive place in the world to buy petrol, with pump prices currently averaging 152 pence per litre. Turkey (139 pence per litre) and Hong Kong (134 pence per litre) complete the top three.
Santander added that although prices are highest in Norway, relative incomes are also higher which means fuel spend accounts for 8% of Norwegians’ average disposable monthly wage, but motorists in Turkey spend nearly two-fifths (39%) of their monthly wage on fuel.
Portugal comes in second place with 25% of monthly wage spent on fuel, followed by Greece in third place at 24%. By comparison, the Swiss spend just 4% of their disposable income on petrol.
Petrol prices league table:
|
Country |
Petrol price per litre |
Monthly fuel bill |
Monthly disposable income |
% of income |
|
1 Norway |
152 |
£182.81 |
£2,271.14 |
8% |
|
2 Turkey |
139 |
£167.17 |
£427.36 |
39% |
|
3 Hong Kong |
134 |
£161.16 |
£1,820.94 |
9% |
|
=4 Netherlands |
133 |
£159.96 |
£1,551.66 |
10% |
|
=4 Italy |
133 |
£159.96 |
£1,070.01 |
15% |
|
5 Israel |
128 |
£153.94 |
£1,423.19 |
11% |
|
6 Denmark |
126 |
£151.54 |
£1,963.33 |
8% |
|
7 UK |
121 |
£145.52 |
£1,645.20 |
9% |
|
8 Portugal |
118 |
£141.92 |
£571.20 |
25% |
|
=9 Belgium |
117 |
£140.71 |
£1,310.77 |
11% |
|
=9 Finland |
117 |
£140.71 |
£1,565.79 |
9% |
|
=9 Switzerland |
117 |
£140.71 |
£3,871.04 |
4% |
|
10 Greece |
116 |
£139.51 |
£584.80 |
24% |
Natalie Middleton
Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.
