Did you know LPG price in India is ‘highest’ in the world?

According to the purchasing power of currencies in their domestic market, the per litre cost of LPG in India is the world’s highest, the price of petrol the third-highest and diesel the world’s eighth most expensive.
Purchasing power vs nominal exchange
Price comparisons at the nominal exchange rate (the rate at which currencies are traded in the international market) conceal the fact that different currencies have different purchasing powers in their own markets.
Also, income levels are so widely different across countries that a litre of petrol is just a fraction of the daily income for an average Westerner, one-fourth of daily income for an average Indian and more than the average daily income in Burundi. According to IMF, the PPP or international dollar has averaged Rs 22.6 in 2022 and not Rs 75.84.