Have you ever wondered how many litres of petrol you can buy with an average Malaysian salary? Well, good news, because Picodi Analysis has prepared a report that considers the average monthly salaries and petrol prices in 17 countries in the Asia-Oceania region, with the addition of Hong Kong (Brunei is left out here).
According to the report, Malaysia has the cheapest petrol in the region, where on average, one litre of petrol costs US$0.49 (RM2.05). Yes, RON 95 has stayed at RM2.08 per litre for several weeks now, but it wasn’t always the case earlier in the year prior to the government’s involvement.
The pricing of RON 95 in the early parts of 2019 and the survey’s methodology (detailed below) are the reasons why the price used in the survey is RM2.05. Getting back on track, the most expensive place to fill the tank is outside the region in Hong Kong, with the average price per litre being US$2.15 (HKD16.89, or RM8.85).
With a salary of US$843 (RM3,494), you can therefore buy 1,707 litres of petrol with your salary in Malaysia. However, it is Australians that have the best ratio of petrol price to the average salary in the surveyed region, as an average salary of US$3,682 (AUD 5,256, or RM15,153) and fuel price of USD$0.97 (AUD 1.39, or RM3.99) per litre equates to 3,783 litres of petrol purchasable.
Coming in second place is Japan with 2006 litres, followed by South Korea in third with 1,908 litres, New Zealand in fourth with 1,852 litres. Malaysia is fifth in the 17-country survey, just ahead of Singapore with 1,598 litres. On the bottom end of the survey is Pakistan (192 litres), Cambodia (181 litres) and finally, the Philippines (158 litres).
Looking beyond the 17 countries surveyed, Picodi also considered average wages and petrol prices in over 100 countries across six continents. Based on its findings, Venezuela came first as the average salary of US$29 (RM119) nets you over 14 billion litres of petrol, which is priced at US$0.000000002 (RM0.0000000082) per litre.
Persian Gulf countries like Qatar, Kuwait and the United Arab Emirates had fuel prices of between US$0.40 (RM1.65) and US$0.60 (RM2.47), and with their respective average salaries, buyers there can get between 4,900 to 6,500 litres of petrol.
The company also explained the high positions of countries like the United States and Canada can be explained not only by high salaries but also the amount of extracted oil, while Switzerland and Luxembourg stand out with high incomes only.
As for the lowest amount of petrol that can be bought, you’ll need to go to Madagascar (42 litres), Tajikistan (131 litres) and Zambia (137 litres). The study also revealed countries that possessed a rich supply of natural resources do not always mean that petrol will be more accessible for an average consumer, as is the case in Nigeria.
To prepare the report, the firm used the average nett wages based on the latest available data provided by offices for national statistics or relevant ministries. The average prices of fuel for the first half of 2019 in over 100 countries were also taken from globalpetrolprices.com and other local sources.
The number of litres purchasable is then calculated by dividing the average wage by the average price of one litre of petrol, and to standardise the currency used in this analysis, the average exchange rate for the last 90 days is taken in account.
Looking to sell your car? Sell it with Carro.
Cheapest petrol with the cheapest salary in the world
Minyak murah, tanahair aman… Syukurr la geng.
Permit asing dan cheapest salary berpisah tiada..
We SHOULD have the cheapest petrol in the world, cause we are paying for one of the MOST expensive car prices in the world.
Many people here are asking for RM1.50 petrol. Why don’t you work hard and better yourselves than always asking for cheaper petrol, bantuan kerajaan and handouts?
Give you RM1.50 petrol, you will ask later for RM1.20 petrol. It never ends.
Improve your life by working harder instead of always asking subsidi, bantuan and so on.
Too much of pampering has resulted in a culture of entitlement.
Singaporeans never complain about their petrol prices because their GDP per Capita grew every year the past 30 years to a level where even the average Government Servant earns SGD8000 per month (RM25,000)
In Putrajaya, our average Government salary is RM1200.
Both countries Merdeka same time but one country GDP PEr Capita grew so high to 3rd highest in the world
You forgot to mention the big headstart Singapore had over Malaya at the time… But then again why expect a leftist to deal with facts and figures when they’re only good at lying and twisting/ spinning sh!t…
Thank you PT for this game changing article. Let’s be grateful that our petrol is cheap and not complain again.
how long they want everything FREE?
Given already so much, still want some more. Be grateful we live in a safe country and petrol is cheap
Now even PT and his writers are being attacked. This has to stop. If you are unhappy you have no more dedak, you have no right to attack PT and his team
Cheap? No. Petrol should be priced RM2.05 according to this survey, so this crony government is charging us extra 3sen per liter. Accumulated it could go into millions of RM. Whose pocket did this extra profit goes into? Anak Atuk?
We also wished that cheap petrol were true but it turns out we search everywhere but cannot find RM2.05 petrol. We still want RM1.50 petrol as per promised unfortunately this janji is just a lie.
If petrol is so cheap, why abang abang naik moto want subsidi minyak?
And they always skipping one of the most expensive car price with INCOME level.
Compare the PPP with car price with petrol price la!
This compare individually item with different places are useless..
So right bruv! Petrol and Big Mac price. Malaysia has the cheapest in the region , apelagi mau..
Is this study based on nett or gross salary? Cos in Australia and Japan, maximum income tax rate is 47% and 56% (based on Wikipedia). Malaysia is 28% max. Of course, these are max rates. If you earn less, you are taxed less as well.
Malaysia on track becoming high income nation.
Yeah right. Why should we believe this now? Pakatan Harapan have been brainwashing us for the past many years that our petrol prices is the highest among the region. This coupled with the lowest salary paid in the region makes our petrol prices unaffordable as they have claimed. Why should we believe this BN paid survey now done by an unknown company? Where was this report back during 2018, 2017, 2016? Sorry but we’re not falling for the same trick again. Say NO to fake surveys! Our petrol is highest in the world so says our brainwashing masters.
work harder instead of always complaining about petrol prices.
You really should take your own advice instead of coming here daily to troll the site.
Where’s Rafizi LOL
Konlanfirm in Venezuela LOLz.
Also cheapest salary/labor in the region too !
Interesting how this very “convenient” survey was brought up when the PH government is propping up their battered image, rapidly rising oil prices, and upcoming economic gloom predicted to fall onto Malaysia real soon.
I’m sure this is a yearly survey done so my question is; Why wasn’t this brought up in the past years? Why was this year so “special” indeed? PaulTan & crew, care to clarify if you may?
And I find it funnily they could come to a conclusion that Malaysian petrol cost RM2.05 when clearly the price of cheapest grade we could get is RM2.08. I am highly suspicious of their calculation methodology. This sounds like a paid survey done to appease certain sections of the people.
Should be RM1.92 not RM2.05
https://paultan.org/2019/01/11/jan-2019-week-two-fuel-price-petrol-down-diesel-up/
PT writes honest articles. We don’t need frustrated people commenting or implying things.
John, it is time to give up your many dupes.
A scene from Spartacus; “I am John”
In that case, I’m a john too.
I agree with Aura89. The article stinks of propaganda. So call me john if you have to. I’m standing with them.
John here.
Call me john then.
Count me in. I’m John.
Yup. Im a john. So?
If that makes me a john (whoever that is) then yeah I am john. And what’s it to you that I have to be “john” to be critical of this report and poke holes in their survey method?
If that makes one a john, then call me john.
I.AM.JOHN
You want a john that will fcuk your snowflake government for their incompetence? Well Im ur john.
‘John’ is not just a person now, but seems to be an ideal for truth, justice and integrity. Well make me a ‘john’ then. You want a people of ‘john’ you got a people of ‘john’.
Don’t mind you calling me a john if that’s what it takes to scream at your government to wake up and keep to their promises.
You want john, you get a john. And what about you? A double speaking forked tongue hypocrite who kowtows to his PH paymasters. Yeah call me john, baby.
Hi i’m back, why are you so frustrated commenting here then and what are you implying by calling our comments as dupes?
The irony.. it hurts but don’t try to put it on others pls.
I am not backing up Hafriz, but you have not read the line carefully. It says ‘where on average, one litre of petrol costs US$0.49 (RM2.05)’.
It says above ‘On average’ ok.
Malaysian fuel cost might be lower for several reasons and I believe it is much lesser than RM2.05 to produce a litre of RON 95 petrol.
Just don’t make a fuss here, be grateful for whatever we have now. Alhamdulillah..
Someone pointed that out below;
Between petrol prices of RM2.08(95), RM2.67(97), RM3.10(VPower), RM3.15(Blaze100), based on which mathematical equation did they get the average price that Malaysians paid is RM2.05?
What is the average of the above.
“Malaysia has the cheapest petrol in the region – report”
Whenever you see this statement, you know petrol price increase is coming.
But do we have reasonable car price?
Yes we do and that is the reason why there are more traffic and jam.
The cost of owning a car in Malaysia is way too cheap, a new Axia cost you RM24k only.
Malaysia has the cheapest petrol then Brunai.
Lolwhut! I had expected better unbiased reporting from PT, not just another government mouthpiece. Bad enough we have a PH propagandist troll leaving his shits in just about every single news article.
This isn’t the right time to wear your reputation thin, my writer friends.
Do point out anything written that is inaccurate.
Where got RM2.05 petrol in Malaysia??
Between petrol prices of RM2.08(95), RM2.67(97), RM3.10(VPower), RM3.15(Blaze100), based on which mathematical equation did they get the average price that Malaysians paid is RM2.05? An average that is lower than the minimum, is that even possible?
And as another put it, where was this survey in 2018, 2017, 2016, et al? Please you guys are better than to rely on dubious surveys. I implore you to go take a look at that site.
I don’t see anything inaccurate here. Thanks Hafriz for a good write up
Please behave Wilson, this is not a place to show game over frustations especially towards the writer
“Venezuela came first as the average salary of US$29 (RM119) nets you over 14 billion litres of petrol”
This already tells you the survey is bogus. Their ‘researcher’ would have been a trillionaire by now if 30 bucks could net you 14billion liters of petrol. I expected better, moreso from you Hafriz.
BN Cybertrooper already melampau, now frus, he attack Paul Tan and team. Malu betul
This article is spot on but not so on your site.
Stop putting up politically linked articles.
I can see that Paultan decided not to publish my comment and take up my offer to backcheck on the veracity of this survey site. This is certainly your call, but to see Paultan reportage standard can fall for bot data is certainly appalling. To the readers: caveat emptor.
Venezuela came first as the average salary of US$29 (RM119) nets you over 14 billion litres of petrol….
Yeah I’m sure Venezuelans would love to get their hands on 14billion liters of petrol per person so they don’t have that constantly chronic power outages. *slow clap*
By not including Brunei into the list. Why? So the survey researcher cant declare us having the cheapest petrol price? Then whats the point of this survey if the data subset is skewered and why? To present the angle as said above? Why? A normal researcher wont do something like that unless they have incentives to present that angle. So is this still accurate? And laugh me die if I could get 14 billion liters of petrol back in Venezuela.
Hello, the only one that lies is BN and their cybertroopers. Pakatan is saving the country
Saving the country he says…
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it.” – Joseph Goebbels
Habisla! Now BN cybertroopers trying to slander Paultan
This is a very fair comparison. So many of them are crying about the high price of petrol in Malaysia. Please look at Indonesia, Thailand, Vietnam, Laos, Cambodia & Philippine.
Why is Brunei always left out in any survey?
The Brunei sultanate government gives allowances to the population, to the extend of they became less motivated to work and have own earnings.
too bad Brunei not included in this study
Cheapest so? What the old govt couldn’t create more FDI. Hopefully the current Govt can perk the FDI n create more jobs. Meaningless to compare when we ,Malaysia salary is the lowest few in the region. Do I hear a yippee ?
This is the most stupid way to do analysis. We don’t buy oil with all our salaries, because we don’t eat, drink, shower, wash and sleep with oil…. Other country have better plubic transport, dont forget we have higher car prices compared to some others, and to pay car loan.
Cheaper car price is better than cheaper petrol. more disposal income.
Why commenters here involve politics when the figures come from an independent third party research agency?
Try go to Thailand to pump fuel & see for yourself how much gas costs over there. Even their average salary is lower than ours. Not to say that our petrol is cheap, but at least ours are subsidized in a blanket way.
Even Indonesians had long queues to enjoy subsidized petrol (limited quota).
An independent 3rd party that has only 11 surveys to their name and of that only 1 survey done for petrol prices which is where this article derive their source of info?
And mind telling me the history of the said agency? Sorry but this is just another clickbait survey done improperly.
Don’t lie here. Indonesian petrol stations have long queues due to constant fuel shortages, not due to limitations in quotas which no one could control anyway.
We look far, we wanna fly high. Our target is to be like Australia! :D
Now people suddenly so grateful.. I wonder how would be the reaction if this news came out during BN era.
Macam macam komen keluar sini. Saya sungguh puas hati bila beberapa tahun dulu petrol kita harga lebih kurang RM 1.50 seliter. Tapi tah silap mamat mana tah, naik lak petrol jadi RM 1.80 dan naik lagi lepas tu. Kalau petrol je naik xpe, tapi harge brg lain mcm rumah dan brg keperluan harian pun naik. Memang gila dan tamak betul.
the affordability of petrol is more important than the price of the petrol. What’s the point if government lowers the price of petrol but our salary is even lower making it “expensive”?
Why does the report exclude brunei? because it makes our country looks bad?
Cinaman article who is pro PH. Looks like I won’t be reading your page anymore. The petrol price has always been like this and suddenly u came up with this article. I know u guys are very happy PH is now the govt. but don’t be too obviouslah. You are insulting our intelligence lorrr…