South Africa: petrol price index 2023

In 2023, the petrol price index in South Africa in relation to salaries reached 968 liters per month, an increase from 865 liters per month from the previous year. In the period under review, the petrol price index was highest in 2020, at 1,345 liters per month, while it was lowest in 2022. The petrol price index measures how much petrol can be bought in comparison to the average salary in a country in a certain year.

Petrol price index in relation to salaries in South Africa from 2019 to 2023

Characteristic	Petrol price index
-	-
-	-
-	-
-	-
-	-

Download

Source

Show detailed source information?

Already a member?

Sources

Use Ask Statista Research Service

Release date

July 2023

More information

Region

South Africa

Survey time period

2019 to 2023

Supplementary notes

The source reports that: "Petrol Index is an annual ranking of the relation between petrol prices and salaries conducted by Picodi.com since 2019."
According to the source the methodology is: "In this study, the source used the latest average wage data published by national statistics offices or relevant ministries. In countries where such data is not published, we used statistics from Numbeo. The average petrol prices in 104 countries in the first half of 2023 were taken from GlobalPetrolPrices.com and other local sources. The difference between prices in June and January was calculated in local currencies. In order to calculate the “Petrol Index”, we divided the average net wage (obtained through local wage calculators) by an average price of a litre of petrol in June. For currency conversion, we used the average exchange rate data from Google Finance for June 2023."

Citation formats