In the span of four years, the purchasing power of citizens in relation to fuel has increased by over a third, according to a recent analysis by the analytical department of Picodi.com. The study examined the amount of gasoline that can be purchased with the average salary in various countries worldwide, including European and Central Asian nations, Spot.uz has reported.
Experts at Picodi.com analyzed the fuel prices during the first half of the current year in the European and Central Asian regions. In June, fuel prices saw a 5% increase compared to the beginning of the year. The largest price hikes were observed in Armenia and Turkey, with increases of 18% and 16% respectively. On the other hand, Georgia experienced a 13.2% decrease in gasoline prices, while Kyrgyzstan witnessed a 7.1% decrease.
During the first half of 2023, fuel prices in Uzbekistan decreased by 0.6% to $0.96 per liter (almost 11,000 Uzbekistani soms). With an average salary of $314, residents of the country can purchase up to 328 liters of fuel. In comparison to 2019, the purchasing power of Uzbekistanis has increased by over a third, driven by the growth of real incomes. As a result, Uzbekistan remains among the countries with the cheapest gasoline. Only Kazakhstan ($0.49 per liter), Russia ($0.63), Kyrgyzstan ($0.7), and Belarus ($0.94) have lower fuel prices. The highest prices for gasoline were observed in France, Greece, and Finland.
Switzerland emerged as the absolute leader in the gasoline index, with its residents able to purchase over 3,000 liters of fuel. Luxembourg followed closely behind with 2,413 liters, while Denmark recorded 2,033 liters.
On the other end of the spectrum, countries with the lowest gasoline index were Pakistan (166 liters per average salary), Sri Lanka (157 liters), and Cuba (27 liters).
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