As of the first half of 2023, the petrol price index in Indonesia was 232, indicating a rise compared to the previous year. The petrol price index compares the 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 Indonesia from 2019 to 1st half of 2023
Characteristic
Petrol price index
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Petrol Index 2023 is 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 liter of petrol in June. For currency conversion, we used the average exchange rate data from Google Finance for June 2023."
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Picodi. (July 11, 2023). Petrol price index in relation to salaries in Indonesia from 2019 to 1st half of 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1402929/indonesia-petrol-price-index/
Picodi. "Petrol price index in relation to salaries in Indonesia from 2019 to 1st half of 2023." Chart. July 11, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1402929/indonesia-petrol-price-index/
Picodi. (2023). Petrol price index in relation to salaries in Indonesia from 2019 to 1st half of 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1402929/indonesia-petrol-price-index/
Picodi. "Petrol Price Index in Relation to Salaries in Indonesia from 2019 to 1st Half of 2023." Statista, Statista Inc., 11 Jul 2023, https://www.statista.com/statistics/1402929/indonesia-petrol-price-index/
Picodi, Petrol price index in relation to salaries in Indonesia from 2019 to 1st half of 2023 Statista, https://www.statista.com/statistics/1402929/indonesia-petrol-price-index/ (last visited July 22, 2024)
Petrol price index in relation to salaries in Indonesia from 2019 to 1st half of 2023 [Graph], Picodi, July 11, 2023. [Online]. Available: https://www.statista.com/statistics/1402929/indonesia-petrol-price-index/