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With Australian petrol prices recently hitting a record high $2.20 per litre across Australia’s major capital cities (even higher across some regions):
Greater Melbourne petrol prices
ANZ Bank estimates that Australian’s spending on petrol has soared 80% above its level six months ago:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.