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Ukraine has least affordable gasoline in Europe by far | Ukraine has least affordable gasoline in Europe by far |
(35 minutes later) | |
Low wages and rapidly rising prices have made petrol more expensive in Ukraine than anywhere else in Europe. | Low wages and rapidly rising prices have made petrol more expensive in Ukraine than anywhere else in Europe. |
According to RIA Rating research, while gasoline in Ukraine remains one of the cheapest in Europe after Kazakhstan, Belarus, and Russia at $0.88 per liter for high-octane petroleum, low wages make it the least affordable. | |
An average Ukrainian earns slightly more than $200 a month, according to the finance ministry's website. | |
The research concluded an average Ukrainian could buy only 185.1 liters, or refill a tank three times each month. | The research concluded an average Ukrainian could buy only 185.1 liters, or refill a tank three times each month. |
That's only half of what Bulgarians can afford; the country ranked second worst-performer in the rating. | That's only half of what Bulgarians can afford; the country ranked second worst-performer in the rating. |
Ukraine had the biggest surge in petroleum prices last year at 21.5 percent, which outpaced the country's inflation of 12.4 percent. | Ukraine had the biggest surge in petroleum prices last year at 21.5 percent, which outpaced the country's inflation of 12.4 percent. |
While gasoline prices are the highest in the Netherlands, its citizens can still buy 1,837 liters of premium gas a month. Countries with the cheapest petrol, income adjusted, are Luxembourg, Norway, and the UK. | While gasoline prices are the highest in the Netherlands, its citizens can still buy 1,837 liters of premium gas a month. Countries with the cheapest petrol, income adjusted, are Luxembourg, Norway, and the UK. |
Kazakhstan, Belarus, and Russia have the cheapest gasoline in Europe, but lower salaries compared to Western countries make it less affordable. While a Russian can buy 814 liters of petroleum a month, this is a better result than the EU’s Portugal, Poland or the Baltic States, but smaller compared to the bloc’s northern and western countries. | Kazakhstan, Belarus, and Russia have the cheapest gasoline in Europe, but lower salaries compared to Western countries make it less affordable. While a Russian can buy 814 liters of petroleum a month, this is a better result than the EU’s Portugal, Poland or the Baltic States, but smaller compared to the bloc’s northern and western countries. |
The research concludes Eastern and Southern Europe has the least affordable gasoline on the Continent. | The research concludes Eastern and Southern Europe has the least affordable gasoline on the Continent. |
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