Petrol Work Index: Venezuela, Saudi Top List; Uganda, Cuba At Bottom

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Petrol Work Index: Venezuela, Saudi Top List; Uganda, Cuba At Bottom

Oil is the most important commodity in the world. Oil leads to petrol, the vital fuel that runs our economy, including our personal vehicles. Wages and petrol prices across the globe vary significantly, leading to a large difference in the number of hours worked at minimum wage required to afford one gallon of petrol. Below you can see our map of each country by how many minutes or hours at work required to afford one gallon of petrol.

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Petrol Sweat Index

The color legend shows varying degrees of time required at work in order to buy one gallon of petrol, ranging from dark green, indicating the lowest amount of time, to red, indicating the greatest amount of time. The wages used in our calculations assume minimum wage. The data for the average petrol price per US gallon were collected from GlobalPetrolPrices.com. All wages and prices are reflected in US dollars. Some countries either have no official or measurable minimum wage or no data on average petrol prices could be found.

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Countries by Least Time Required

  1. Venezuela – 10.59 minutes
  2. Saudi Arabia – 14.03 minutes
  3. Australia – 15.47 minutes
  4. United States – 20.86 minutes
  5. Luxembourg – 22.6 minutes
  6. Canada – 23.25 minutes
  7. Oman – 24.25 minutes
  8. Norway* – 24.98 minutes
  9. Monaco – 27.84 minutes
  10. United Kingdom – 28.58 minutes

Countries by Most Time Required

  1. Uganda – 350 hours
  2. Cuba – 101.2 hours
  3. Georgia – 57.8 hours
  4. Bangladesh – 46.44 hours
  5. The Gambia – 35.62 hours
  6. Tanzania – 30.8 hours
  7. Malawi – 24.06 hours
  8. Kyrgyzstan – 24 hours
  9. Guinea-Bissau – 21.25 hours
  10. Madagascar – 19.26 hours

*Norway does not have an official minimum wage. Wage here is defined as 50% of average hourly wage for median household income at median hours worked. The poverty rate is defined as 50% of median income in Norway.

Unsurprisingly, people in wealthy countries have to work less hours in order to afford a gallon. Even though minimum wage is assumed, minimum wage is still much higher in wealthy countries. Venezuela and Saudi Arabia are the two countries with the least work hours required to afford a gallon of petrol, despite not being particularly wealthy countries. This is likely due to the fact that Venezuela and Saudi Arabia are the two countries with the greatest proven oil reserves.  In fact, almost all of the countries with the lowest number of minutes are either very developed nations or nations with large oil and gas reserves. Another interesting fact of note is that Australians have to work less minutes than Americans in order to buy a gallon of petrol, despite average petrol prices being significantly higher in Australia ($3.43 a gallon vs $2.52 a gallon). This is due to the fact that Australia’s minimum wage is $13.30 while America’s is only $7.25.

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On the other hand, undeveloped countries have to work an extreme number of hours at minimum wage in order to afford one gallon of petrol. People in Uganda, the country that tops the list of hours required, must work a staggering 350 hours, or 14.58 straight days, in order to buy one gallon of petrol. This trend is seen across various undeveloped regions, in particular Africa. The only undeveloped countries that can break this trend are those with significant oil reserves. For example, Algeria is not a particularly developed nation, but Algerians need only work about one hour and 15 minutes in order to afford one gallon of petrol. Trinidad and Tobago is another example. Trinidadians need to work less than one hour in order to afford one gallon of petrol.

The countries with the least number of minutes required are all countries with higher high minimum wage or vast oil and gas resources. On the other hand, undeveloped nations with little to no oil and gas resources must work an extreme number of hours at minimum wage in order to afford one gallon of petrol.

Article by HowMuch

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