Australia: petrol price index 2023

In 2023, the petrol price index in Australia reached 3,669, an increase from the previous year. The petrol price index compares average petrol prices to average salaries in a given year. The higher the index, the more petrol can be purchased by the average salary in a country.

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

Characteristic	Petrol price index
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Release date

July 2023

More information

Region

Australia

Survey time period

2019 to 2023

Supplementary notes

Petrol Index 2023, an annual ranking of the relation between petrol prices and salaries conducted by Picodi.com since 2019. The higher the index, the more petrol can be purchased by the average salary in the country.

Methodology according to the source: "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."

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