As the economic fall out from the Coronavirus outbreak continues, resulting travel restrictions and drops in global demand for fuel are driving down fuel prices. The Organisation of the Petroleum Exporting Countries (OPEC) price per barrel sat at US$55.51 on Monday, down from $58.94 on January 31. While financial media company Bloomberg reported Citigroup have …
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In some rare good news for petrol prices, motorists may see some relief ahead of the Australia Day long weekend. The NRMA have forecast a price fall in Sydney and regional NSW, thanks to an oversupply of oil in the Asian market. Prices have already been falling – on average around 15 cents per litre …
The Australian Competition and Consumer Commission (ACCC) has released a new report on petrol price cycles across Australia’s five largest cities.
The Master Grocers Association has warned that rising petrol costs may lead to a rise in the price of fresh foods, the ABC reported.
MotorMouth Pty Ltd has urged South Australians not to fall for the mandated fuel price transparency con.
Following the release in December 2017 of the Australian Competition and Consumer Commission (ACCC) quarterly petrol report, it was reported that average petrol prices in Australia’s largest five cities had hit their highest levels since 2015.
Natives of the Apple Isle have seen prices jump as much as 20cpl, with expectations of a continued rise to as much as 140cpl in the near future.
Recent, largely OPEC-inspired, increases in wholesale petrol prices have seen price increases in Sydney, and the ACCC is concerned that prices in other capital cities may follow.
RAA calls for NSW-style legislation to compel fuel retailers to report their fuel prices in real-time.
C&I’s Retailing Magazine’s petroleum editor Colin Long weighs in on the latest ACCC petrol report.
