On 5 July 2013, petrol prices went up by a as much as 84 cents a litre, knocking the cost to fill up to a record R13.23 a litre(coastal: R12.86).<\/p>\n
The increase was caused by the weakening of Rand against the Dollar in June, which contributed a 58 cent and 59 cent increase to petrol and diesel, respectively.<\/p>\n
“A comparison of petrol prices in relation to daily wages finds that a litre of unleaded costs the average South African wage earner a striking 6.5% of their daily earnings,” Direct Axis said.<\/p>\n
With all fees taken into account, for every litre of pterol, R3.69 goes towards tax. This means that if you fill a 60 litre tank with petrol, R221.47 goes towards government taxes, Direct Axis said.<\/p>\n
However, while R13.23 is a steep premium to pay for petrol, it’s a far stretch from what countries in Europe and Zambia have to pay – where prices extend beyond R20 a litre.<\/p>\n
![\"Petrol](\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/07\/Petrol-per-litre-as-percentage-of-average-wage.jpg\")
<\/a>Petrol per litre as percentage of average wage (Direct Axis)<\/p><\/div>\n
Petrol prices across the world<\/h3>\n
According to international data collection and analysis website MyTravelCost.com, Turkey has the most expensive petrol in the world, selling for R26.67 a litre.<\/p>\n
Eurozone countries, such as the UK (R20.10), Sweden (R21.00), Greece (R21.52) and Norway (R26.54) also suffer from high-cost petrol.<\/p>\n
After the recent fuel jump, South Africa moved from the pricing league of countries such as Canada (R12.24) and Kenya (R12.37), to prices in line with Nigeria (R13.01) and Sri-Lanka (R13.27).<\/p>\n
Oman (R3.74), Qatar (R2.32) and Saudi Arabia (R1.93) still offer some of the cheapest fuel in the world, while Venezuela is the cheapest at a mere 11 cents.<\/p>\n
“Fuel prices differ considerably across countries. The prices of fuel in some of the petrol producing states are less than a few dollar\/euro cents for the liter,” MyTravelCost said.<\/p>\n
“In contrast, in some European countries, a litre of gas costs more than 2 dollars. Prices also change over time. However, price movements are similar across countries. They either increase or decrease everywhere.”<\/p>\n
The site’s data is drawn from a variety of sources, including official government materials, oil companies, online resources specializing in gas prices, and others, it said.<\/p>\n
“These sources provide reliable information about fuel prices in a large number of countries. For the other countries, we provide an estimate using previously published data.”<\/p>\n
The following graph represents fuel prices across the world as of June 2013 (not taking into account the recent fuel price increase in South Africa).<\/p>\n
![\"Petrol](\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/07\/Petrol-prices-across-the-world.png\")
<\/a>Petrol prices across the world (click to enlarge)<\/p><\/div>\n
(Prices converted by MyTravelCosts at USD1 = ZAR9.92)<\/p>\n
More on the fuel price<\/h3>\n
Rand bites as petrol set for steep rise<\/a><\/strong><\/p>\n Petrol price drop coming<\/a><\/strong><\/p>\n Petrol price: good news for motorists<\/a><\/strong><\/p>\n