From CommSec:
According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol fell by 3.4 cents to 126.7 cents a litre in the past week. It was the biggest weekly fall in petrol prices in eight months. The metropolitan petrol price fell by 4.4 cents to 125.2 cents per litre while the regional price fell by 1.4 cents to 129.7 cents per litre…
In four of the last five weeks, petrol prices have retreated. Petrol prices may fall another 2-3 cents a litre in the next fortnight but this may be as good as it gets for motorists. Both the Singapore gasoline price and the local wholesale price have lifted in the latest week. In Sydney, motorists can still effectively fill up at cost price, but this situation is clearly not sustainable…
The national average wholesale (terminal gate) unleaded petrol price stands at 112.5 cents a litre, up by 1.0 cents a litre over the week. The terminal gate diesel price stands at 110.1 cents a litre, largely unchanged over the previous week.
Last week the key Singapore gasoline price rose by US$3.30 or 5.2 per cent to US$66.30 a barrel. In Australian dollar terms the Singapore gasoline price rose by $4.04 a barrel or 4.9 per cent to $86.73 a barrel or 54.55 cents a litre…
Motorists are saving around $10 a month on petrol when compared with recent highs for pump prices in January.
