Zambia: petrol price index 2023| ��ƽ��

Petrol price index in relation to salaries in Zambia from 2019 to 2023

Characteristic	Petrol price index
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Sources

Release date

July 2023

More information

Region

Zambia

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

In 2023, the petrol price index in Zambia in relation to salaries amounted to *** liters per month, which indicated an increase of percent from the preceding year. In the period under review, the petrol price index in Zambia fluctuated. It was lowest at the beginning of the period at *** liters per month, while it was highest in 2023. The petrol price index measures how much petrol can be bought in comparison to the average salary in a country in a certain year.