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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%

 

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 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. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.