A Bloomberg survey of 61 countries across the world showed that drivers in Colombia pay a higher percentage of their daily wage for gasoline than all other Latin American drivers.
According to a Bloomberg ranking released September 3, Colombia is ranked 12th in the world for the price of a gallon of gas as a percentage of an average daily wage.
The calculation showed that a gallon of gas costs 20% of the average Colombian’s daily income.
This finding comes at a time when there is much talk in the country concerning the high prices of gas.
MORE: It is not easy to lower fuel prices: Colombia’s Minister of Mines and Energy
MORE: Only Colombia’s Congress can fix gas prices: Constitutional Court
At least the situation in Colombia is not as bad as in India, where a gallon of gas costs 108% of the average daily income, which is more than one day of work. But Colombians might look enviously across the border to Venezuela, where a gallon of gas only costs 0.13% of an average worker’s daily income.
The price ranking has been criticized during debates in Colombia’s Congress and the new Minister of Mines and Energy, Amylkar Acosta, was skeptical of the results, according to news site Portafolio.
Sources
- Bloomberg Gas Ranking (Bloomberg)
- Un galón de gasolina vale el 20 % de ingreso diario (Portafolio)