In 2024, the petrol price index in Malaysia was at 1,988, an increase from 1,851 in 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 Malaysia from 2019 to 2024
Petrol Price Index 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. (August 2, 2024). Petrol price index in relation to salaries in Malaysia from 2019 to 2024 [Graph]. In Statista. Retrieved November 19, 2024, from https://www.statista.com/statistics/1403104/malaysia-petrol-price-index/
Picodi. "Petrol price index in relation to salaries in Malaysia from 2019 to 2024." Chart. August 2, 2024. Statista. Accessed November 19, 2024. https://www.statista.com/statistics/1403104/malaysia-petrol-price-index/
Picodi. (2024). Petrol price index in relation to salaries in Malaysia from 2019 to 2024. Statista. Statista Inc.. Accessed: November 19, 2024. https://www.statista.com/statistics/1403104/malaysia-petrol-price-index/
Picodi. "Petrol Price Index in Relation to Salaries in Malaysia from 2019 to 2024." Statista, Statista Inc., 2 Aug 2024, https://www.statista.com/statistics/1403104/malaysia-petrol-price-index/
Picodi, Petrol price index in relation to salaries in Malaysia from 2019 to 2024 Statista, https://www.statista.com/statistics/1403104/malaysia-petrol-price-index/ (last visited November 19, 2024)
Petrol price index in relation to salaries in Malaysia from 2019 to 2024 [Graph], Picodi, August 2, 2024. [Online]. Available: https://www.statista.com/statistics/1403104/malaysia-petrol-price-index/