Information as on 15th May, 2012. Directly taking this from The Big Picture blog.
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So India lies at the 19th position out of 56 countries (from lowest to highest), so we're pretty well placed. Few assumptions I made: Gasoline in the US is Petrol in India, so $6.06/gallon works out to roughly Rs. 80 per litre (assuming USD-INR conversion of Rs. 50). That still seems to be a little on the higher side, considering price on the street is around Rs. 71 now. Converting that to dollars we get, $5.37/gallon, which takes us to 15th place. That's not half-bad is it? Are we ready for some more pain in case prices are hiked?
(Note to self: See how every dollar/rupee increase in price cuts down our fiscal deficit)
Here's the 57(!!!) page slide-show by Bloomberg on the same.
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| Most expensive gas ranking: | Price per gallon of premium gasoline: |
| Norway | $9.69 |
| Denmark | $9.37 |
| Italy | $9.35 |
| Netherland | $9.35 |
| Greece | $9.23 |
| Sweden | $8.97 |
| Hong Kong | $8.89 |
| Portugal | $8.85 |
| United Kingdom | $8.84 |
| Belgium | $8.82 |
| France | $8.72 |
| Finland | $8.59 |
| Germany | $8.56 |
| Ireland | $8.34 |
| Switzerland | $7.95 |
| Slovakia | $7.93 |
| Hungary | $7.69 |
| Czech Republic | $7.59 |
| Japan | $7.58 |
| South Korea | $7.57 |
| Spain | $7.55 |
| Slovenia | $7.54 |
| Austria | $7.45 |
| Malta | $7.32 |
| Latvia | $7.26 |
| Luxembourg | $7.24 |
| Lithuania | $7.24 |
| Estonia | $7.05 |
| Poland | $7.01 |
| Cyprus | $7.00 |
| Bulgaria | $6.94 |
| Australia | $6.75 |
| Singapore | $6.70 |
| Romania | $6.59 |
| Chile | $6.54 |
| Brazil | $6.41 |
| India | $6.06 |
| Canada | $5.75 |
| South Africa | $5.72 |
| Seychelles | $5.53 |
| Argentina | $5.44 |
| China | $5.31 |
| Thailand | $4.96 |
| United States | $4.19 |
| Indonesia | $4.11 |
| Russia | $3.71 |
| Malaysia | $3.30 |
| Mexico | $3.20 |
| Iran | $2.78 |
| Nigeria | $2.33 |
| United Arab Emirates | $1.89 |
| Egypt | $1.73 |
| Kuwait | $0.88 |
| Saudi Arabia | $0.61 |
| Venezuela | $0.09 |
So India lies at the 19th position out of 56 countries (from lowest to highest), so we're pretty well placed. Few assumptions I made: Gasoline in the US is Petrol in India, so $6.06/gallon works out to roughly Rs. 80 per litre (assuming USD-INR conversion of Rs. 50). That still seems to be a little on the higher side, considering price on the street is around Rs. 71 now. Converting that to dollars we get, $5.37/gallon, which takes us to 15th place. That's not half-bad is it? Are we ready for some more pain in case prices are hiked?
(Note to self: See how every dollar/rupee increase in price cuts down our fiscal deficit)
Here's the 57(!!!) page slide-show by Bloomberg on the same.
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