Petrol prices are expected to drop even further across the country as traders remain doubtful that deeper supply cuts by OPEC+ will help stem the rout in oil that pushed prices to five-month lows.

Prices surveyed by Australia’s National Roads and Motorists’ Association showed average regular unleaded prices had fallen almost 30¢ a litre from the top of the cycle in September. The average price for Sydney as of Friday was 181.9¢.