SEE | Here's how much fuel you can purchase with the average South African salary in 2020
• The average South African in 2020's first half was R19 269.
• One can purchase 1345L of fuel with that money.
• The price of petrol dropped by 4.1% compared to January - June 2019.
• For more motoring stories, go to www.Wheels24.co.za
Did you know that between January and June 2020, the average South African income was R19 269?
And for motorists, that income must cover the additional expense of fuel. But have you ever wondered just how much fuel you can purchase on a fuel salary?
Picodi researched how many litres of petrol you can purchase from this salary, as well as how it compares to other parts of the world.
According to the research, R19 269 will get you 1345 litres at an average of R14.32/litre (average price of fuel between January and June 2020). This equates to American $0.80 per litre.
Picodi says: "For the second year in a row, South Africa can boast the best petrol price to an average salary ratio in Africa. According to Stats SA latest data, the average salary amounts to R19 269. It means that an average South African can buy 1345 litres of petrol with their pay."
Compared to the same period in 2019, the average price of fuel dropped by 4.1% between January and June.
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Picodi says that Saudi Arabia, Qatar, and Kuwait top the world ranking, with the average salary covering 5112 to 8210 litres of petrol. Cuba, says Picodi, has the worst noted situation.
"The worst situation was noted in Cuba where the average salary is equal to the price of only 28 litres (an increase of 2 litres)," says Picodi. "Despite the fact that Tajikistan and Zambia accompany Cuba in the lower part of the ranking, their citizens can afford even seven times more petrol than Cubans (151 and 219 litres, respectively)."
Picodi says on its website that this report uses the average net wages according to the latest available data provided by offices for national statistics or relevant ministries. The average prices for the first half of 2020 in over 100 countries are based on data from globalpetrolprices.com and other local sources. In order to obtain the number of litres, they divided the average wage by the average price of 1 litre of petrol. For currency conversion, they used the average exchange rate for the last 90 days.
Compiled by: Charlen Raymond