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Diesel in Britain amongst the most expensive in the world

Britain’s motorists are being hit in the pocket with the world’s fourth most expensive diesel, research suggests.

Currently averaging £1.41 a litre, the price for diesel in the UK is still riding high – and 86p of that price per litre is fuel duty and taxes.

The research from Looking4Parking.com and This is Money reveals the most expensive diesel hot spots in the world, and looks at affordability and average monthly incomes in these locations.

European countries account for nine out of the top 10 most expensive diesel prices, with Norway coming in first place; charging an average of £1.50 a litre.


The Most Expensive Diesel in the World

10. IRELAND AND GERMANY (TIED)
Price of diesel per litre: 126p
Average monthly disposable income after tax (Germany): £1728.50
Average monthly disposable income after tax (Ireland): £1703.09*
Average monthly diesel expenditure: £119.32**
Percentage of monthly income spent on diesel (Germany): 6.9%
Percentage of monthly income spent on diesel (Ireland): 7%

9. FINLAND
Price of diesel per litre: 128p
Average monthly disposable income after tax: £1788.24
Average monthly diesel expenditure: £121.22
Percentage of monthly income spent on diesel: 6.8%

8. ICELAND
Price of diesel per litre: 131p
Average monthly disposable income after tax: £1322.85
Average monthly diesel expenditure: £124.06
Percentage of monthly income spent on diesel: 9.4%

7. DENMARK
Price of diesel per litre: 133p
Average monthly disposable income after tax: £2177.32
Average monthly diesel expenditure: £125.95
Percentage of monthly income spent on diesel: 5.8%

6. SWEDEN
Price of diesel per litre: 135p
Average monthly disposable income after tax: £1962.31
Average monthly diesel expenditure: £127.85
Percentage of monthly income spent on diesel: 6.5%

5. ISRAEL
Price of diesel per litre: 138p
Average monthly disposable income after tax: £1170.28
Average monthly diesel expenditure: £130.69
Percentage of monthly income spent on diesel: 11.2%

4. UNITED KINGDOM
Price of diesel per litre:  141p
Average monthly disposable income after tax: £1700
Average monthly diesel expenditure: £133.53
Percentage of monthly income spent on diesel: 7.9%

3. TURKEY
Price of diesel per litre:  144p
Average monthly disposable income after tax: £528.56
Average monthly diesel expenditure: £136.37
Percentage of monthly income spent on diesel: 25.8%

2. ITALY               
Price of diesel per litre:  147p
Average monthly disposable income after tax: £1366.15
Average monthly diesel expenditure: £139.21
Percentage of monthly income spent on diesel: 10.2%

1. NORWAY       
Price of diesel per litre:  150p
Average monthly disposable income after tax: £2707
Average monthly diesel expenditure: £142.05
Percentage of monthly income spent on diesel: 5.2%

Although it may appear that our Scandinavian neighbours are getting a rough deal, high monthly salaries seem to compensate for the extra expense; meaning that diesel here is relatively affordable.

Norway’s sky-high wages mean that only 5.2% of an average monthly salary is spent on fuel, compared to the UK’s 7.9%.

When solely looking at affordability of fuel, the numbers paint a different picture.

In Hungary, while the price for litre of diesel is only £1.20, it costs almost 30% of the average monthly salary to pay for it; making it the least affordable place to buy diesel in the world.

The World’s Least Affordable Diesel

10. SPAIN
Price of diesel per litre:  118p
Average monthly disposable income after tax: £1023.49
Average monthly diesel expenditure: £111.75
Percentage of monthly income spent on diesel: 10.9%

9. ISRAEL
Price of diesel per litre:  138p
Average monthly disposable income after tax: £1170.28
Average monthly diesel expenditure: £130.69
Percentage of monthly income spent on diesel: 11.17%

8. SLOVENIA
Price of diesel per litre:  118p
Average monthly disposable income after tax: £789.56
Average monthly diesel expenditure: £111.75
Percentage of monthly income spent on diesel: 14.5%

7. PORTUGAL
Price of diesel per litre: 114p
Average monthly disposable income after tax: £682.33
Average monthly diesel expenditure: £107.96
Percentage of monthly income spent on diesel: 15.8%

6. CZECH REPUBLIC
Price of diesel per litre:  119p
Average monthly disposable income after tax: £660.12
Average monthly diesel expenditure: £112.69
Percentage of monthly income spent on diesel: 17.1%

5. GREECE
Price of diesel per litre:  119p
Average monthly disposable income after tax: £640.38
Average monthly diesel expenditure: £112.69
Percentage of monthly income spent on diesel: 17.6%

4. SLOVAKIA
Price of diesel per litre:  116p
Average monthly disposable income after tax: £597.51
Average monthly diesel expenditure: £109.85
Percentage of monthly income spent on diesel: 18.4%

3. POLAND
Price of diesel per litre:  112p
Average monthly disposable income after tax: £505.06
Average monthly diesel expenditure: £106.06
Percentage of monthly income spent on diesel: 21%

2. TURKEY
Price of diesel per litre:  144p
Average monthly disposable income after tax: £528.56
Average monthly diesel expenditure: £136.37
Percentage of monthly income spent on diesel: 25.8%

1. HUNGARY
Price of diesel per litre:  120p
Average monthly disposable income after tax: £399.43
Average monthly diesel expenditure: £113.64
Percentage of monthly income spent on diesel: 28.5%


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